The composition and remuneration of the Board of Directors has been updated by the Shareholders' Nomination Board.
The stock exchange release for Valmet was on January 27, 2025.
The proposal of the Shareholders' Nomination Board for the composition and remuneration of the Board of Directors was announced by Valmet.
The Shareholders' Nomination Board's proposal is the same as before.
There is a proposal for the composition of the Board of Directors.
The next Annual General Meeting of Valmet's shareholders will be held on March 26, 2025, and the number of members of the Board of Directors will be eight.
The Chair of the Board of Directors and the Vice-Chair of the Board of Directors will not be available in the election of the Board of Directors.
If any member of the candidates proposed by the Nomination Board for any reason not be available for election to the Board of Directors, the proposed number of Board members shall be decreased accordingly, and the remaining available candidates are proposed to be elected in accordance with the proposal by the Nomination Board.
The shareholders should take a position on the proposal at the Annual General Meeting, according to the Nomination Board.
The proposed Board members are independent of the company's significant shareholders.
The independence of the Board members will be evaluated by the Annual General Meeting.
The Board of Directors' proposed continuing members can be found on the website.
The Board of Directors has a new member.
He worked as the President and CEO of Metso Corporation and the president and CEO of Finnair Corporation.
The main occupation of Eikens was that of Group CEO of Meyer shipyards.
In addition to his work as the President and CEO of AFRY, Gustavsson was also the President of Sandvik Materials Technology.
There is a proposal for the remuneration of the Board of Directors.
The annual remuneration payable to the members of the Board of Directors to be elected at the Annual General Meeting for the term until the close of the Annual General Meeting in 2026 is proposed to be increased by the Nomination Board.
The Chair of the Audit Committee would be paid a base fee of 4,200 dollars and the members of the Audit Committee would be paid a base fee of 7,300 dollars.
The Nomination Board proposes to pay a meeting fee in the amount of EUR 750 for members who reside in Nordic countries, and in the amount of EUR 1,500 for members who reside elsewhere in Europe.
The Nomination Board proposes that a meeting fee of 750 shall be paid to Board members.
The members of the Board of Directors are obliged to use 40 percent of their annual remuneration for buying Valmet shares if the Annual General Meeting's resolution is adopted as a condition for the annual remuneration.
There is a board for nominations.
The Chair of the Nomination Board was Jari Paasikivi.
The Board of Directors of the Company will receive the proposals from the Nomination Board at the latest on January 31.
The General Counsel of Valmet can be reached at +358 50 3173.
Distribution:
The stock exchange in Helsinki.
Major media.
valmet.com
Valmet has a global customer base across various process industries.
Valmet has a strong track record of continuous improvement and renewal and has over 220 years of industrial history.
The head office of Valmet is in Espoo, Finland.
Follow us on social media.
Personal data is processed.
Cision brought this information to you.
There is a proposal for the composition and remuneration of the board.
The following files can be downloaded.
The heating plant in Mlad Boleslav is being modernized by Valmet.
A customer in Asia-Pacific will receive a high-speed off- machine coater from Valmet.
Do not sell or share my information.

Source prnewswire