Outokumpu Announces Shareholders’ Nomination Board Members for Board of Directors Composition Proposals

Outokumpu Announces Shareholders’ Nomination Board Members for Board of Directors Composition Proposals

(IN BRIEF) Outokumpu’s Shareholders’ Nomination Board is responsible for proposing the composition of the Board of Directors and director remuneration for the Annual General Meeting. The Nomination Board is comprised of representatives from the four largest shareholders based on the shareholder register after Nasdaq Helsinki’s August trading day. The four largest shareholders of Outokumpu on August 31, 2023, were Solidium Oy, Varma Mutual Pension Insurance Company, Ilmarinen Mutual Pension Insurance Company, and The Social Insurance Institution of Finland. The appointed representatives to the Nomination Board include individuals from these shareholders and Kari Jordan, Chairman of the Board of Directors of Outokumpu, as the fifth member. The Nomination Board is set to submit its proposals to Outokumpu’s Board of Directors by January 31, 2024.

(PRESS RELEASE) HELSINKI, 6-Sep-2023 — /EuropaWire/ — Outokumpu’s Shareholders’ Nomination Board has been established to annually prepare proposals on the composition of the Board of Directors and director remuneration for the Annual General Meeting. The Nomination Board consists of the representatives of the four largest shareholders registered in the shareholder register of the company following Nasdaq Helsinki’s last trading day in August.

On August 31, 2023, the four largest shareholders of Outokumpu were Solidium Oy, Varma Mutual Pension Insurance Company, Ilmarinen Mutual Pension Insurance Company, and The Social Insurance Institution of Finland.

The shareholders have appointed the following representatives to the Nomination Board:

• Reima Rytsölä, Managing Director at Solidium Oy
• Pekka Pajamo, CFO at Varma Mutual Pension Insurance Company
• Jouko Pölönen, President and CEO at Ilmarinen Mutual Pension Insurance Company
• Outi Antila, Director General at The Social Insurance Institution of Finland

In addition, Kari Jordan, Chairman of the Board of Directors of Outokumpu, acts as the fifth member of the Nomination Board. The Nomination Board will submit its proposals to Outokumpu’s Board of Directors on January 31, 2024, at the latest.

Media Contact:

Investors:

Linda Häkkilä
Head of Investor Relations
tel. +358 400 719 669

Media: 

Päivi Allenius
VP – Communications and Brand
tel. +358 40 753 7374

Outokumpu media desk
tel. +358 40 351 9840

SOURCE: Outokumpu Oyj