Proposals by Pihlajalinna Plc’s Shareholders’ Nomination Board to the Annual General Meeting 2019
Pihlajalinna Plc Stock Exchange Release 29 January 2019 at 15.30
Proposals by Pihlajalinna Plc’s Shareholders’ Nomination Board to the Annual General Meeting 2019
Pihlajalinna Plc’s Shareholders’ Nomination Board has submitted its proposals to the Company’s Board of Directors, to be presented to the Annual General Meeting of 2019.
The number of members and composition of the Board of Directors
The Nomination Board proposes to the Annual General Meeting of Pihlajalinna Plc, scheduled to be held on 4 April 2019, that the number of the members of the Board of Directors be confirmed as seven, instead of the current number (eight). The Nomination Board proposes that Leena Niemistö, Kati Sulin, Seija Turunen and Mikko Wirén, currently members of the Board of Directors, be re-elected as members of the Board of Directors.
The Nomination Board proposes that Mika Manninen, Hannu Juvonen and Matti Jaakola be elected as new members of the Board of Directors.
Mika Manninen (b. 1975, Master of Science in Economics and Business Administration) is a member of Fennia Group’s Management Team and is currently the Group CFO. Prior to this, he was working as the Fennia Group’s Risk Management Director from 2015 to 2017. Manninen has over 10 years of experience in various positions in banking from 2001 to 2015.
Hannu Juvonen (b. 1955, Licentiate of Medicine, Specialist, MBA) was most recently the Director of the Kanta-Häme Hospital District from 2016 to 2018, and has held management positions in the Helsinki Social Services and Health Care Division from 2013 to 2016 and in East Savo Hospital District from 2009 to 2012. He worked previously the Investment director of Korona Invest Oy from 2007 to 2009, and as an expert and Community Relations and Communication director at Pfizer Oy from 2000 to 2006. He was a full-time private medical practitioner from 1990 to 2000. In conjunction with his positions he has accumulated experience of holding Board positions in several companies and other communities.
Matti Jaakola (b. 1955, Master of Science in Economics and Business Administration) has a long working history in various marketing and management positions in international and Finnish companies. He is currently the Chairman of the Board of Directors of two Finnish industrial companies and a member of the Board of Directors of a foreign forest industry company. He has also been a partner of CV Group Oy since 2012 and the CEO of CapWell Oy since 2006. Jaakola has been the CEO of the Georgia-Pacific Corporation in North Europe and of Henkel KgaA in the Nordic countries, and has held various management positions in Metsä Group. Jaakola has extensive experience of Board work both in Finland and abroad, and has been involved in the administration of key sectoral associations.
The personal details of the current members of the Board and details of their honorary positions are available on the Company’s investor website at investors.pihlajalinna.fi/corporate-governance/board-of-directors. The Nomination Board additionally proposes that the Annual General Meeting elects Mikko Wirén as the Chairman of the Board and Leena Niemistö as the Vice-Chairman.
Remuneration of the Board of Directors
The Shareholders’ Nomination Board proposes that the remuneration of the Board of Directors be kept otherwise unchanged, except for a reduction in the remuneration of the Vice-Chairman, and that the following annual remuneration be paid to the members of the Board of Directors to be elected at the Annual General Meeting for the term of office ending at the close of the Annual General Meeting 2020: to the full-time Chairman of the Board of Directors EUR 250,000 per year, to the Vice-Chairman EUR 36,000 per year, and to the other members of the Board of Directors EUR 24,000 per year.
Additionally, the Nomination Board proposes that each member of the Board of Directors be paid an attendance fee of EUR 500 per Board or Committee meeting. In addition, reasonable travel expenses will be reimbursed to the members of the Board in accordance with the Company’s travel rules.
The above-mentioned proposals will also be included in the notice of the Annual General Meeting, to be published at a later date.
Pihlajalinna’s Shareholders’ Nomination Board consists of the following persons: Jari Eklund, Chairman (LähiTapiola Group), Mikko Wirén (MWW Yhtiö Oy), Antti Kuljukka (Fennia Mutual Insurance Company) and Hanna Hiidenpalo (Elo Mutual Pension Insurance Company).
Further information:
Jari Eklund, Chairman of the Shareholders’ Nomination Board, +358 9 4531
Joni Aaltonen, CEO, +358 40 524 7270
Distribution:
Nasdaq Helsinki
Major media
investors.pihlajalinna.fi
Pihlajalinna in brief
Pihlajalinna is one of the leading private social and healthcare services providers in Finland. The company serves private individuals, businesses, insurance companies and public sector entities, such as municipalities and joint municipal authorities. Pihlajalinna provides general practitioner services, specialised care, emergency and on-call services, a wide range of surgical services, occupational healthcare, dental care and wellbeing services. In addition, the company offers innovative social and healthcare service provision models to public sector entities.