Decisions of the organizing meeting of Neles Corporation’s Board of Directors

Neles Corporation, Stock exchange release, March 22, 2022 at 5:20 pm EET

The Board of Directors of Neles Corporation held its organizing meeting after the Annual General Meeting on March 22, 2022.

In the organizing meeting the Board of Directors elected the members of the Audit Committee and the Remuneration Committee from among its members.

Anu Hämäläinen was appointed as the Chair of the Audit Committee and Niko Pakalen, and Jukka Tiitinen as members of the Audit Committee.

Jaakko Eskola was appointed as the Chair of the Remuneration Committee and Niko Pakalen, Teija Sarajärvi and Mark Vernon as members of the Remuneration Committee.

The Board of Directors considered all its members to be independent of the company. The Board of Directors further considered all members to be independent of major shareholders except:

  • Jukka Tiitinen, who was considered to be dependent on Valmet Oyj. Jukka Tiitinen was the Area President, North America of Valmet Oyj
  • Niko Pakalén, who was considered to be dependent on Cevian Capital Partners Ltd. Niko Pakalén was a Partner of Cevian Capital AB

Vantaa, March 22, 2022


For more information, please contact:

Rita Uotila, Vice President, Investor Relations, Tel. +358 400 954141, E-mail: 

Neles is one of the leading providers of mission-critical flow control solutions and services for process industries. With our global team of experts and innovative solutions, we help our customers to improve their process performance and ensure the safe flow of materials. Neles is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 611 million in 2021. Neles employs about 2,950 people in approximately 40 countries.,