The composition of Raute’s first Shareholders’ Nomination Board
Raute Corporation, Stock Exchange Release, 1 August 2023 at 6:15 p.m. EEST
The composition of Raute’s first Shareholders’ Nomination Board
The Annual General Meeting on March 30, 2023 decided to establish a permanent shareholders’ nomination board to prepare the election and remuneration of the Board of Directors (the “Nomination Board”) and to confirm the charter for the Nomination Board.
According to the charter of the Nomination Board, the Chairperson of the Board of Directors has requested the three largest shareholders in accordance with the situation on the last business day of June 2023 to appoint a member to the Nomination Board. The third, the fourth and the fifth largest shareholders have withdrawn from right to nominate a member to the Nomination Board.
The following members have been appointed to Raute Corporation’s Shareholders' Nomination Board:
Pekka Suominen (directly and indirectly by proxies)
Göran Sundholm
Kustaa Poutiainen (appointed by Stephen Industries Inc.)
Laura Raitio, the Chair of the Board of Directors of Raute, serves as an expert in the Nomination Board without being a member.
The term of the members of the first Nomination Board ends upon the appointment of new members of the Nomination Board in 2024.
The charter of the Nomination Board is available address:
https://www.raute.com/investors/governance/shareholders-nomination-board/
FURTHER INFORMATION
Ville Halttunen, CFO, tel. +358 50 3460868
DISTRIBUTION:
Nasdaq Helsinki Ltd, principal 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 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 2022 were EUR 158.3 million. The Group’s headcount at the end of 2022 was 778. More information about the company can be found at www.raute.com.