Jussi Vanhanen to join Metsäliitto Cooperative’s Board of Directors

Metsä Group Stock Exchange Release, 27 October 2021 at 18.00 EEST

At a meeting held on 27 October 2021, the Supervisory Board of Metsä Group’s parent company, Metsäliitto Cooperative, elected Jussi Vanhanen, M.Sc.(Law) and MBA, as a new member of the cooperative's Board of Directors during the three year period of 2022-2024.

Vanhanen has extensive international experience in the forest and other process industries. He is currently the CEO of Vexve Armatury Group, a leading European valve manufacturer.

Timo Saukkonen, M.Sc (Agriculture and Forestry), was elected to continue as a member of the Board of Directors.

Arto Hiltunen, M.Sc (Econ), was not available for further election to Board of Directors. Hiltunen has been a Board member since 2007.

The meeting also decided to pay the following fees to the Chairman, Vice Chairman and members of the Board of Directors in 2022: the fee paid to the Chairman of Metsäliitto Cooperative’s Board will be EUR 12,000 per month, monthly fee for the Vice Chairman EUR 5,500,  and the monthly fee for Board members will be EUR 4,500. The monthly fee paid to the chair of the Audit Committee will be EUR 1,300  and to the chair of the HR Committee EUR 1,100. Board members’ meeting fee is 800 euros.

METSÄ GROUP
 

For further information, please contact:
Miika Arola, Group General Counsel, Metsä Group, tel. +358 10 465 4205
 

Metsä Group
www.metsagroup.com

Metsä Group is leading the way in advancing the bioeconomy. We invest in growth, bioproduct development and a fossil free future. The raw material for our products is renewable wood from sustainably managed northern forests. We focus on the growth sectors of the forest industry: wood supply and forest services, wood products, pulp, fresh fibre paperboards, as well as tissue and greaseproof papers.  

Metsä Group’s annual sales amount to approximately EUR 5.5 billion, and we have around 9,200 employees in 30 countries. Our international Group has its roots in the Finnish forests: our parent company is Metsäliitto Cooperative which is owned by 100,000 forest owners.  

Follow Metsä Group: Twitter   LinkedIn   Facebook   YouTube   Instagram   Slideshare