Tokmanni Group Corporation: Changes in Tokmanni Group's Nomination Board composition
Tokmanni Group Corporation Stock Exchange release 4 October 2017 14.30 EEST
Changes in Tokmanni Group's Nomination Board composition
As a result of Cidron Disco S.A.R.L.'s sale of their remaining shares in Tokmanni, the composition of Tokmanni's Nomination Board changes and Nordea appoints a representative to the Board. Hence, the Nomination Board will consist of representatives appointed by Rockers Tukku Oy, Elo Pension Company, Nordea Funds Ltd. and Varma Mutual Pension Insurance Company as well as Chairman of the Board of Directors, Harri Sivula, as an expert member.
The Nomination Board is responsible for preparing proposals covering the composition of the Board of Directors and remuneration of the Board members to the Annual General Meeting 2018.
For further information, please contact:
Tokmanni Group Corporation
Joséphine Mickwitz, Head of IR and Communications
Tokmanni in brief
Tokmanni is the largest general discount retailer in Finland measured by number of stores and revenue. In 2016, Tokmanni's revenue was EUR 776 million and on average it had approximately 3,200 employees. Tokmanni is the only nationwide general discount retailer in Finland, with 162 stores across Finland as at 31 December 2016.