Proposal of the Shareholders' Nomination Board for members of the Board of Directors

 

The Shareholders' Nomination Board elected by the Annual General Meeting of Exel Composites Plc proposes to the Annual General Meeting to be held on 4 April 2017 that Mr Petri Helsky, Mr Reima Kerttula and Mr Jouko Peussa be re-elected as members of the Board for the term ending at the closure of the Annual General Meeting of 2018. The Nomination Board also proposes that Mr Kai Kauto and Ms Helena Nordman-Knutson be elected as new members of the Board of Directors.

Mr Kauto (50) is currently President of the Finnish Teknoware Oy. Teknoware is an internationally operating expert supplier of interior lighting systems for commercial vehicles and emergency lighting systems for public premises and ships. Previously Mr Kauto has, among other positions, served as General Manager at Thermo Fischer Scientific Oy. He holds an M.Sc. in mechanical engineering.

Ms Nordman-Knutson (52) is currently Senior Director at Hallvarsson & Halvarsson, a Swedish communications agency with expertise in the field of corporate and financial communications, corporate social responsibility and investor relations among others. In addition to a career offering strategic advisory for technology companies, she has a strong background of equity analysis. Ms Nordman-Knutson holds an M.Sc. in international politics and an M.Sc.in economics.

Matti Hyytiäinen (Vice Chairman of the Board of Directors since 2016 and member since 2015) and Heikki Hiltunen (member since 2011) have informed that they are not available for re-election.

The Nomination Board further proposes that the Annual General Meeting resolves to re-elect Reima Kerttula as Chairman of the Board of Directors for the term ending at the closure of the Annual General Meeting of 2018.

All nominees are independent of the Company and its major shareholders, and have given their consent for the election. 

 

 

Reima Kerttula, b. 1955, M.Sc. (Eng.)

Amerplast Ltd., COO of the holding company, co-owner and Managing Director of the operative companies
Chairman of the Board since 2016
Member of the Board since 2009
Holdings: 5,970 Exel Composites shares (on 31 December 2016)
Finnish citizen

Previous main positions
Senior Vice President, Flexibles, Suominen Corporation
President & CEO, Tamfelt Corporation 
President, Metso Fabrics Inc.
Senior Vice President, Paper and Board Business Line, Metso Paper Inc.

Independence
Independent of the Company and its major shareholders

 

 

Petri Helsky, b. 1966, M.Sc. (Eng.), M.Sc. (Econ.)

CEO of Metsä Tissue, Member of the Metsä Group Management Board
Member of the Board since 2016
Holdings: 1,142 Exel Composites shares (on 31 December 2016)
Finnish citizen

Previous main positions
Member of Kemira Management Board
President, Asia-Pacific Region, Kemira
President, Paper Segment, Kemira          

Independence
Independent of the Company and its major shareholders 

 

 

Kai Kauto, b. 1966, M.Sc (Mechanical Engineering)

President, Teknoware
No Exel Composites holdings
Finnish citizen

Previous main positions
General Manager, Microplate Instrumentation Business, Thermo Fisher Scientific Oy
Vice President of Sales,Tecnomen Oyj
Director, Product Management, Tecnomen Oyj

Independence
Independent of the Company and its major shareholders

 

 

Helena Nordman-Knutson, b. 1964, M.Sc (Pol. Sciences), M.Sc (Econ.)

Senior Director, Hallvarsson & Halvarsson
No Exel Composites holdings
Finnish citizen

Previous main positions
Sales Director and Senior Consultant, Springtime
Head of Telecom Research, Pareto Öhman
Head of Telecom Research and partner, Öhman Fondkommission
Head of Telecom Research, SEB

Key positions of trust (current)
Member of the Board, Chairman of the Audit Committee, Alimak Group
Member of the Board, CLX NetworksMemberof the Board, Member of the Audit Committee, Rejlers´

Independence
Independent of the Company and its major shareholders

 

 

Jouko Peussa, b. 1957, Licenciate of Technology
Director, Innovation & Technology, Ingersoll Rand Compression Technologies
Member of the Board since 2016
Holdings: 1,142 Exel Composites shares (on 31 December 2016)
Finnish citizen   

Previous main positions
Technology Director, Ingersoll Rand Compressed Air Systems and Services
Engineering Director EMEA, Ingersoll Rand Industrial Technologies
Engineering Director ESA, Ingersoll Rand Industrial Technologies

Independence
Independent of the Company and its major shareholders

 

 

Exel Oyj, Vantaa head office, Mäkituvantie 5, FI-01510 Vantaa, Finland, Tel +358 20 7541 200, Fax +358 20 7541 201