HELSINKI, Finland, Dec. 15, 2005 (PRIMEZONE) -- Metso's Nomination Committee, establish by the Annual General Meeting, prepares proposals on the composition of the Board of Directors along with the director remuneration for the next Annual General Meeting, which is planned to be held on April 4, 2006. The Nomination Committee consists of the representatives named by the four biggest registered shareholders as of December 1, 2005 along with the Chairman of Metso's Board of Directors as an expert member.
Metso's four biggest registered shareholders on December 1, 2005 were: State of Finland, Cevian Capital G.P. Limited, Ilmarinen Mutual Pension Insurance Company and Varma Mutual Pension Insurance Company. These shareholders have chosen the following persons as their representatives on Metso's Nomination Committee: Markku Tapio (Chairman of the Nomination Committee), Director General, State Shareholdings unit (State of Finland); Lars Forberg, Managing Partner (Cevian Capital); Kari Puro, President and CEO (Ilmarinen) and Mikko Koivusalo, Director, Investments (Varma). The Chairman of Metso's Board of Directors Matti Kavetvuo serves as the Committee's expert member.
Metso is a global technology corporation serving customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. In 2004, the net sales of Metso Corporation were approx. EUR 4 billion, and it has some 22,000 employees in more than 50 countries. Metso's shares are listed on the Helsinki and New York Stock Exchanges.