Proposals of the Shareholders’ Nomination Board to Raute Corporation’s Annual General Meeting 2025

Raute Corporation, Stock Exchange Release, 23 January 2025 at 10:00 a.m. EET

Proposals of the Shareholders’ Nomination Board to Raute Corporation’s Annual General Meeting 2025

The Shareholders' Nomination Board of Raute Corporation (the "Nomination Board") proposes to the Annual General Meeting convening on April 15, 2025, that Raute's Board of Directors would consist of seven members.

The Nomination Board proposes that Laura Raitio, Licentiate of Science (Technology), would continue to be elected as the Chair of the Board of Directors and Joni Bask, M.Sc. (Tech.), would continue to be elected as the Vice Chair of the Board of Directors. It is proposed that Ari Harmaala, M.Sc. (Eng.), Mikko Kettunen, M.Sc. (Econ.), Julius Manni, M.Sc. (Econ.), Ari Piik, M.Sc. (Econ.), and Jenni Virnes, M.Sc. (Eng.), be re-elected as members of the Board of Directors.

All candidates have given their consent to the positions.

The Nomination Board proposes that the remuneration of the members of the Board of Directors be revised so that the Chair of the Board of Directors receives EUR 55,000 and the members of the Board of Directors EUR 27,000 for the term of office, as well as the following remuneration for committee work:

• Meeting fee for committee work to the Chair of the Audit Committee EUR 1000 per meeting,
• The meeting fee for the chair of other possible committees and committee members is EUR 500 per meeting.

Reimbursement of expenses shall be paid in accordance with the company's current travel policy.

Regarding the election procedure for the members of the Board of Directors, the Nomination Board recommends that the shareholders take a position on the proposal as a whole at the Annual General Meeting. When making the proposal and assessing the qualifications of the individual nominees, the Nomination Board has assessed that the proposed entity of the Board of Directors has the best possible expertise for the company and that the composition of the Board of Directors also meets the other requirements of the Corporate Governance Code for listed companies.

The Nomination Board proposes to the Annual General Meeting that in future a meeting fee of EUR 500 per meeting be paid for the work of the Nomination Board. This requires an amendment to the Charter of the Nomination Board.

The composition of Raute's Shareholders' Nomination Board was announced on September 3, 2024, and its Chair is Pekka Suominen, and its members are Göran Sundholm and Kustaa Poutiainen. Laura Raitio, Chair of the Board of Directors, has acted as an expert in the Nomination Board without being a member of the Nomination Board. The Nomination Board has convened three times during the term.

The Nomination Board made its proposal for a decision unanimously.

The above-mentioned proposals will also be included in the notice to the Annual General Meeting to be published later.

RAUTE CORPORATION
 

FURTHER INFORMATION: Pekka Suominen, Chair of the Nomination Board. Contact requests: Executive Assistant Elina Suomalainen, tel +358 44 289 9330.

DISTRIBUTION:

Nasdaq Helsinki Ltd, main media, www.raute.com

RAUTE IN BRIEF - Making Wood Matter
Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products. Additionally, we offer full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers’ efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute’s head office and main production plant is located in Lahti, Finland. The company’s other production plants are located in Kajaani, Finland, the Vancouver area of Canada, Changzhou, China, and in Pullman, WA, USA. Raute’s net sales in 2023 were EUR 145.4 million. The Group’s headcount at the end of 2023 was 754. More information about the company can be found at www.raute.com.