Composition of Exel Composites’ Shareholders’ Nomination Board

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The following persons have been appointed as members of Exel Composites’ Shareholders’ Nomination Board:

  •  Malin Björkmo, Handelsbanken Fonder
  •  Rami Hakola, Danske Invest Fund Management
  •  Kalle Saariaho, OP Fund Management Company
  •  Magnus Skåninger, Swedbank Robur Fonder

and Reima Kerttula, Chairman of the Board of Directors, Exel Composites Plc, as an expert member.

The Shareholders’ Nomination Board consists of the representatives of the four largest shareholders and of the Chairman of the Board of Directors, acting as an expert member. The largest shareholders entitled to appoint members to the Nomination Board were determined on the basis of the registered holdings in the company’s shareholder register held by Euroclear Finland Oy on 30 September 2019. Shares that are included in a shareholder's holdings were calculated in accordance with Chapter 9, Sections 5 and 6 of the Finnish Securities Markets Act. Nominee-registered shares were taken into account in the determination of the largest shareholders.

According to the Charter of the Shareholders’ Nomination Board, approved by the Annual General Meeting, the Nomination Board prepares the proposals concerning Board of Directors’ members and their remuneration for the following Annual General Meeting. The Nomination Board gives its proposal to the Board of Directors of the company at the latest by 31 January 2020.

Information on Exel Composites’ Nomination Board and its Charter are available on the company's website at

Vantaa, 1 October 2019 

Exel Composites Plc
Reima Kerttula, Chairman, Board of Directors

For further information, please contact:

Reima Kerttula, Chairman, Board of Directors
Contact through Mikko Kettunen, tel. +358 50 347 7462,

Nasdaq Helsinki Ltd
Main news media

Exel Composites in brief
Exel Composites is the world’s leading composite technology company that engineers and manufactures composite products and solutions to an extensive range of demanding industrial applications. 

The core of the business is based on the employees’ high level of expertise and own, internally developed composite technologies, which have been perfected over decades with a steady focus on innovation. With eight manufacturing plants across Europe, Asia, and North America, and a global sales network, Exel Composites is firmly driven by superior customer experience and world-class operations.

Headquartered in Finland, Exel Composites employs approximately 650 people globally. The company’s shares are listed on the Nasdaq Helsinki exchange.