Composition of Valmet's Nomination Board

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Jul 03, 2024, 06:37 ET

Valmet Oyj's stock exchange release on July 3, 2024 at 1:00 p.m. EEST

ESPOO, Finland, July 3, 2024 /PRNewswire/ -- According to Valmet Oyj's Annual General Meeting's decision, Valmet's Nomination Board consists of the representatives of Valmet's four largest shareholders as of July 1, and the Chair of the Board of Directors as an expert member. Should a shareholder not wish to exercise his/her nomination right, the right shall be transferred to the next largest shareholder who otherwise would not be entitled to nominate a member.

Based on the shareholder register of Euroclear on July 1, 2024, Valmet Oyj's largest shareholders represented in the Nomination Board are Oras Invest Oy, Solidium Oy, Varma Mutual Pension Insurance Company and Ilmarinen Mutual Pension Insurance Company. The following persons have been nominated as their representatives to Valmet's Nomination Board:

- Jari Paasikivi, Chair of the Board of Directors, Oras Invest Oy (10.40% of share capital and votes)

- Reima Rytsölä, CEO, Solidium Oy (10.10% of share capital and votes)

- Markus Aho, Chief Investment Officer, Varma Mutual Pension Insurance Company (3.98% of share capital and votes)

- Mikko Mursula, Deputy CEO, CIO, Ilmarinen Mutual Pension Insurance Company (3.74% of share capital and votes)

Mikael Mäkinen, Chair of Valmet's Board of Directors, will serve as the Nomination Board's expert member. The Nomination Board is to prepare proposals on the composition and members of the Board of Directors and their remuneration for the next Annual General Meeting, which is planned to be held on March 26, 2025.

Further information, please contact:
Rasmus Oksala, General Counsel, Valmet, tel. +358 50 317 3830
VALMET

Katri Hokkanen
CFO

Pekka Rouhiainen
VP, Investor Relations

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.valmet.com

Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.

The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. Valmet's net sales in 2023 were approximately EUR 5.5 billion.

Valmet's shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.