Espoo, Finland, 2015-03-31 13:00 CEST (GLOBE NEWSWIRE) --
EFORE PLC Stock Exchange Release 31 March 2015 at 2.00 p.m.
In its first meeting held after the Annual General Meeting, the Board of Directors elected Päivi Marttila to continue as Chairman. Marjo Miettinen was elected as Vice Chairman.
The Board of Directors has evaluated the independence of the Board members in compliance with the recommendations of the Finnish Corporate Governance Code. It is the view of the Board of Directors that all Directors are independent of the company, and all Directors, excluding Jarkko Takanen, are independent of significant shareholders.
Jarkko Tarkanen was elected as Chairman of the Audit Committee and Olli Heikkilä and Jarmo Simola were elected as members. Päivi Marttila was elected as Chairman of the Remuneration Committee and Marjo Miettinen and Jarmo Simola were elected as members.
The Board did not establish any other committees.
EFORE PLC
Board of Directors
For further information please contact Ms. Riitta Järnstedt, CFO, tel. +358 9 4784 6372
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Nasdaq OMX Helsinki Ltd
Principal media
Efore-group
Efore Group is an international company which develops and produces demanding power products. Efore's head office is based in Finland and its production units are located in China and Tunis. Sales and marketing operations are located in Europe, United States and China. In the fiscal year ending in December 2014, consolidated net sales totalled EUR 85,3 million and the Group's personnel averaged 914. The company's share is quoted on the Nasdaq OMX Helsinki Ltd. www.efore.com