Shareholders' Nomination Board
Suominen has a permanent Shareholders’ Nomination Board established by the 2013 Annual General Meeting. The Nomination Board is responsible for preparing and presenting to the Annual General Meeting and, if necessary, to an Extraordinary General Meeting, proposals on the remuneration of the Board, the number of members of the Board and on the members and the Chair of the Board. In addition, the Nomination Board is responsible for seeking potential successors for the Board members.
The Nomination Board consists of four members, three of which are appointed by the company’s three largest shareholders who appoint one member each. The largest shareholders shall be determined on the basis of the registered holdings in the company’s shareholders’ register held by Euroclear Finland Ltd as of the first working day in September. The Chair of Suominen's Board of Directors serves as the fourth member. The Nomination Board is established to exist and serve until the General Meeting of the company decides otherwise.
The members are nominated annually, and their term of office ends when new members are nominated to replace them. The members of the Nomination Board shall be independent of the company, and a person belonging to the company’s operative management cannot be a member of the Nomination Board.
Composition of the Nomination Board in 2024
As of September 3, 2024, the Shareholders' Nomination Board consists of the following members:
- Jyrki Vainionpää, President & CEO of A. Ahlström Oy, as a member appointed by Ahlstrom Capital B.V.
- Mikael Etola, CEO of Etola Group Oy, as a member appointed by Etola Group Oy
- Peter Seligson, Chair of the Board of Directors of A. Ahlström Oy, as a member appointed by Oy Etra Invest Ab
- Charles Héaulmé, Chair of Suominen’s Board of Directors
Jyrki Vainionpää acts as the Chair of the Nomination Board.
The Shareholders’ Nomination Board prepares the proposals on the number, composition, and remuneration of the members of the Board of Directors to the Annual General Meeting. The Nomination Board shall submit its proposals to the Board of Directors no later than February 1 prior to the Annual General Meeting.
Updated on September 3, 2024