Componenta Corporation Stock Exchange Release on 2 January 2019 at 10.30
The Shareholders' Nomination Board of Componenta Corporation proposes to the
Annual General Meeting 2019 that the number of Board members will be four. The
Nomination Board proposes that the current members of the Board of Directors
Anne Leskelä, Asko Nevala and Petteri Walldén are re-elected and Harri Pynnä is
elected as new member to the Board. Board member Olli Isotalo has notified
Componenta's Nomination Board that he is not available for re-election.
Harri Pynnä (b. 1956; LL.M., Trained at the Bench) is currently Director,
Governance and Risk Management at Caruna. Before joining Caruna, Pynnä worked as
the Group General Counsel and Secretary to the Board of Directors at Fortum
Corporation. Pynnä has earlier acted as a Member of the Board, inter alia, in
Finavia Corporation, Teollisuuden Voima Oy, Governia Oy, Finnish Industry
Investment Ltd, Sponda Plc and Outokumpu Oyj.
All the nominees are independent of the company and of the significant
shareholders of the company, and they have given their consents to the position.
When preparing its proposal, the Nomination Board has taken into consideration
the company's Board of Directors' diversity policy. The proposed members of the
Board of Directors have comprehensive knowledge about businesses and development
of internationally operating companies. Both genders are represented, they have
relevant industrial experience and their experiences of different functions
(including production, sales, financing, finance and risk management) are
complementary and cover the key functions of an industrial and stock exchange
listed company.
The Shareholders' Nomination Board proposes that remuneration for the members of
the Board of Directors remains unchanged. The members of the Board of Directors
who will be elected to the term continuing to the Annual General Meeting 2020,
will be paid annual remuneration as follows: EUR 50,000 to the Chairman and EUR
25,000 to the members of the Board of Directors. If the Board of Directors
decides to establish committees, an annual fee of EUR 5,000 will be paid to the
members of Board committees. Travel expenses of the members of the Board of
Directors will be compensated in accordance with the Company's travel policy.
The Nomination Board consists of Timo Sallinen, representing shareholder Varma
Mutual Pension Insurance Company, Hanna Hiidenpalo, representing shareholder Elo
Mutual Pension Insurance Company and Jari Sokka, representing shareholder The
Finnish Cultural Foundation. In addition, the Chairman of the Board of
Directors, Petteri Walldén acts as an expert member of the Nomination Board.
Timo Sallinen is chairman of the Nomination Board.
COMPONENTA CORPORATION
Harri Suutari
President and CEO
For further information, please contact:
Timo Sallinen
Chairman of the Nomination Board
Tel. +358 40 543 9587
Componenta is an international technology company. Componenta specializes in
supplying cast and machined components to its global customers, who are
manufacturers of vehicles, machines and equipment. The company's share is listed
on Nasdaq Helsinki.
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COMPONENTA CORPORATION 
