Espoo, Finland, 2016-03-30 12:00 CEST (GLOBE NEWSWIRE) -- Efore Plc Stock Exchange Release March 30, 2016 at 13.00 p.m.
In its first meeting held after the Annual General Meeting, the Board of Directors elected Päivi Marttila to continue as Chairman. The Board of Directors has evaluated the independence of the Board members in compliance with the recommendations of the Corporate Governance Code 2015. 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.
The Board of Directors resolved to establish an Audit Committee and a Compensation Committee. Jarkko Takanen 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 Compensation 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 Mr, Heikki Viika, President and CEO, tel +358 9 4784 6312
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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 Tunisia. Sales and marketing operations are located in Europe, United States and China. In the fiscal year ending in December 2015, consolidated net sales totalled EUR 89,9 million and the Group's personnel averaged 887 . The company's share is quoted on the Nasdaq OMX Helsinki Ltd. www.efore.com