Change in Valmet's Nomination Board
Martin Oliw, nominated to Valmet's Nomination Board by Cevian Capital Partners Ltd., has resigned from the Nomination Board as Cevian Capital Partners Ltd. has sold down their shareholding in Valmet.
In accordance with the Charter of the Nomination Board of Valmet, the representative nominated by a shareholder is obliged to resign from the Nomination Board if the shareholder concerned later transfers more than half of the shares it held on the September 1, 2015 which entitled it to nominate a representative and as result is no longer among Valmet's ten largest shareholders.
After the resignation of Martin Oliw, the members of the Nomination Board are Kari Järvinen, (Managing Director at Solidium Oy), Roger Hagborg (Investment Advisory Professional at Triton), Risto Murto (CEO at Varma Mutual Pension Insurance Company) and Bo Risberg, Chairman of Valmet's Board of Directors, as the Nomination Board's expert member.
The Nomination Board has prepared proposals on members of the Board of Directors and their remuneration for the Annual General Meeting, which will be held on March 22, 2016. The proposals are presented in the notice convening Valmet's Annual General Meeting, published on February 9, 2016, which is available at www.valmet.com/agm.
Further information, please contact:
Rasmus Oksala, General Counsel, Valmet, tel. +358 10 672 0026
VP, Investor Relations
Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.
Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.
Valmet's net sales in 2015 were approximately EUR 2.9 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.
Follow Valmet IR in Twitter www.twitter.com/valmetir