EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE
Number of members and composition of the Board of Directors
The Nomination Board proposes that the number of members of the Board of Directors shall be confirmed to be five (5) and that
"I want to thank
The Nomination Board further proposes
Remuneration of the Board of Directors
The Nomination Board proposes that the annual remuneration for the Board members remain unchanged as follows:
- Chairman: Annual remuneration of
EUR 45,000 (previous yearEUR 45,000 ) and additionallyEUR 1,500 (1,500) for attendance at Board and committee meetings and other similar all-day Board assignments. -
Board member: Annual remuneration of
EUR 21,000 (21,000) and additionallyEUR 1,000 (1,000) for attendance at Board and committee meetings and other similar all-day Board assignments. For committee meetings, the meeting fee for the committee chairman shall beEUR 1,500 (1,500). - Travel expenses and other out-of-pocket expenses due to Board work shall be compensated in accordance with the Company's established practice and travel rules.
Out of the yearly remuneration 60% would be paid in cash and 40% in
The Nomination Board's proposals will be included in the notice to convene the Annual General Meeting to be published at a later date.
Composition of the Shareholders' Nomination Board
The composition of the Nomination Board preparing the proposal for the Annual General Meeting 2023 was the following:
Kalle Saariaho ,OP Fund Management Company , as Chairman of the Nomination Board- Malin Björkmo, Handelsbanken Fonder
Markus Lindqvist , Aktia Mikro Markka-
Caroline Sjösten,
Swedbank Robur Fonder Reima Kerttula , Chairman of the Board of Directors, as expert member
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Our collaborative approach and global footprint set us apart from our competition. We use our expertise to help customers reduce weight, improve performance and energy efficiency and decrease total lifetime costs. We want to be the first choice for sustainable composite solutions globally.
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