Oriola-KD Corporation Stock Exchange Release 1 February 2016 at 10 a.m.
Recommendation by the Nomination Committee of Oriola-KD Corporation concerning the Board of Directors to be elected by the 2016 Annual General Meeting
The Nomination Committee of Oriola-KD has presented to the Board of Directors its recommendation on the proposal to the 2016 Annual General Meeting concerning the composition of the Board of Directors as follows:
· The number of members of the Board of Directors would be eight
· The present members of the Board of Directors Anja Korhonen, Kuisma Niemelä, Eva Nilsson Bågenholm, Staffan Simberg, Matti Rihko and Anssi Vanjoki would be re-elected
· Mariette Kristenson and Lena Ridström would be elected new members of the Board of Directors
· Anssi Vanjoki would be re-elected as Chairman of the Board of Directors
The Nomination Committee has assessed all candidates to the Board of Directors to be independent of the company and its major shareholders.
Members of the Board of Directors Per Båtelson and Jukka Alho will leave the office of Board of Directors after the 2016 Annual General Meeting.
The Nomination Committee also announces as its recommendation that the following remunerations would be paid to the members of the Board of Directors:
· Chairman of the Board: fee for term of office of 48,400 euros
· Vice chairman of the Board: fee for term of office of 30,250 euros
· Chairman of the Audit Committee: fee for term of office of 30,250 euros
· Other members of the Board: fee for term of office of 24,200 euros
· Attendance fees would be paid as follows: for Board of Directors meetings 1000 euros per meeting to the Chairman and 500 euros per meeting to members and for committee meetings 1000 euros per meeting for the committee chairman and 500 euros per meeting to members
· Of the fees for term of office, 40 per cent would be paid in Oriola-KD Corporation's class B-shares and 60 per cent would be paid in cash
· Travel expenses would be reimbursed in accordance with the travel policy of the company
The Nomination Committee appointed by the Board of Directors of Oriola-KD on 25
September 2015 consists of:
Pekka Pajamo (Chairman), Senior Vice-President, Finance, Varma Mutual Pension Insurance Company
Peter Immonen, Chairman of the Board of Directors WIP Asset Management Oy, member of the Board of Directors Mariatorp Oy and Wipunen varainhallinta Oy
Timo Leino, Senior Advisor, Triton
Mikko Mursula, Chief Investment Officer, Ilmarinen Mutual Pension Insurance Company
Into Ylppö, M.Sc. (Econ.)
Presentation of Mariette Kristenson:
Mariette Kristenson (b. 1977) has served as CEO of Reitan Convenience Norway AS since 2012. She has worked her entire career within different retail trade related positions in the Reitan group. Kristenson currently serves as member of the Board of Directors of Sportamore AB, The Confederation of Norwegian Enterprises (NHO Næringslivets Hovedorganisasjon) as well as different Reitan group entities, including R-Kioski Oy.
Presentation of Lena Ridström:
Lena Ridström (b. 1965) has served as CEO of Primelog Software AB and Primelog Holding AB since 2013. Before that Ridström has among other things served as CEO of Unitedlog Group AB, specializing throughout her career in it-software for logistics, it-strategy as well as supply chain systems. Ridström serves as member of the Board of Directors of Capacent Holding AB.
Oriola-KD Corporation
Board of Directors
For additional information, please contact:
Petter Sandström
General Counsel, secretary to the Board of Directors
tel. +358 10 429 5761
e-mail: petter.sandstrom@oriola-kd.com
Distribution
NASDAQ OMX Helsinki Ltd
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Oriola-KD Corporation
Corporate Communications
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