Mikael Silvennoinen to join Metsäliitto Cooperative's Board of Directors
Metsä Group Stock Exchange Release 6 November 2014 at 9:00 am
At a meeting held on 5 November, the Supervisory Board of Metsä Group's parent company, Metsäliitto Cooperative, elected Mikael Silvennoinen (58), M.Sc. (Econ.), to be a new member of the Board of Directors as of 1 January 2015. Silvennoinen currently works as the Chairman of the Board of Directors for executive search company IMS Talent. Before his current position, Silvennoinen had a long career with the Pohjola Group, most recently (1997–2013) as the President and CEO of Pohjola Bank Plc.
In accordance with the rules of the Cooperative, Eino Halonen, who has been a member of the Board of Directors since 2006, will resign having turned the age of 65.
The meeting also resolved to pay the following remuneration to the chairman and members of the Board of Directors in 2015: the monthly remuneration to the chairman of the Cooperative's Board will be EUR 6,700 (EUR 5,800 in 2014) and the monthly remuneration for Board members will be EUR 3,700 (EUR 3,200 in 2014).
Miika Arola, Group General Counsel, Metsä Group, tel. +358 (0)10 465 4205
Reeta Kaukiainen, SVP Communications, Metsä Group, tel. +358 (0)10 465 4541, +358 (0)50 522 0924
Metsä Group is a responsible forest industry group whose products’ main raw material is renewable and sustainably grown northern wood. Metsä Group focuses on tissue and cooking papers, consumer packaging paperboards, pulp, wood products, and wood supply and forest services. Its high-quality products combine renewable raw materials, customer-orientation, sustainable development and innovation. Metsä Group’s sales totalled EUR 4.9 billion in 2013, and it employs approximately 11,000 people. The Group operates in some 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 123,000 Finnish forest owners.