APPOINTMENTS COMMITTEE'S PROPOSAL REGARDING COMPOSITION OF RAUTE CORPORATION'S BOARD OF DIRECTORS
RAUTE CORPORATION STOCK EXCHANGE RELEASE 4 February 2010 at 1:05 p.m.
APPOINTMENTS COMMITTEE'S PROPOSAL REGARDING COMPOSITION OF RAUTE CORPORATION'S
BOARD OF DIRECTORS
The Appointments Committee of Raute Corporation's Board of Directors proposes to
the Annual General Meeting convening on 31 March 2010 that the number of Board
members is six. The Appointments Committee proposes that from the current Board
members Mr. Erkki Pehu-Lehtonen (Chairman of the Board), Ms. Sinikka Mustakallio
(Vice-Chairman of the Board), Mr. Risto Hautamäki, Mr. Ilpo Helander, and Mr.
Mika Mustakallio be re-elected. The Appointments Committee also proposes that
Mr. Pekka Suominen shall be elected as a new member of the Board of Directors.
The proposed persons have given their consent to the election.
The new proposed Board member Mr. Pekka Suominen, M.Sc. (Econ.), b. 1976, is
Project Manager of IIR Finland Oy (2007-). He is independent of the company.
The Appointments Committee further proposes that the remunerations for the Board
members remain to be 40,000 euros to the Chairman of the Board and 20,000 euros
to Board members for the term of office.
Raute Corporation's Appointments Committee consists of Chairman of the Board Mr.
Erkki Pehu-Lehtonen, Vice-Chairman Ms. Sinikka Mustakallio and Mr. Ville
Korhonen, appointed from among the representatives of major shareholders who
have significant voting rights.
The proposals above will be included in the notice to the Annual General Meeting
which will be published later.
RAUTE CORPORATION
Arja Hakala
Chief Financial Officer
FURTHER INFORMATION:
Ms. Arja Hakala, Secretary of the Board of Directors, tel. +358 3 829 3293,
mobile +358 400 710 387
DISTRIBUTION:
NASDAQ OMX Helsinki Ltd, main media, www.raute.com
RAUTE IN BRIEF:
Raute is a technology company serving the wood products industry worldwide. Its
most important customers are the plywood and LVL industries. The company is one
of the world's leading suppliers of mill-scale projects to these customer
industries. The total service concept also includes technology services, with
which Raute supports its customers throughout the entire life cycle of their
investments. Raute's head office and main production plant are in Nastola,
Finland. Its other production plants are in the Vancouver area of Canada, in the
Shanghai area of China, and in Jyväskylä and Kajaani, Finland. Net sales in 2008
were EUR 98.5 million and the number of personnel 573. More information on the
company can be found at www.raute.com.