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

The Nomination Board proposes to the Annual General Meeting that the present members Peter Hofvenstam, Heikki Hiltunen, Göran Jönsson and Reima Kerttula be re-elected as members of the Board of Directors and Kerstin Lindell, Ph. D. and MBA, born 1967, be elected as new member of the Board of Directors for the term of office continuing until the end of next Annual General Meeting. All nominees have given their consent for the position.  

Kerstin Lindell is Swedish citizen and currently CEO of Bona, an international group with a turnover of some EUR 170 million providing products for the installation, maintenance and renovation of wooden floors. 

Heikki Mairinoja, current member of the Board of Directors, has informed that he is no longer available for re-election.

The Nomination Board further proposes that Peter Hofvenstam be re-elected as the Chairman of the Board. 

 

 

Peter Hofvenstam, b. 1965, M.Sc. (Econ.)
Chairman of the Board
Senior Vice President, Nordstjernan AB
Member of the Board since 2001
Chairman of the Board since 2008
Holdings: 3,933 Exel Composites shares
Swedish citizen

Previous main positions
Financial Analyst, Proventus AB
Financial Manager, AB Aritmos
Partner, E. Öhman J:or Fondkommission AB

Key positions of trust
Chairman of the Board, Ramirent Plc
Member of the Board, Rostistella AB and Rosti A/S
Member of the Board, Active Biotech AB

Independence
Independent of the Company but dependent of major shareholders as Senior Vice President of Nordstjernan AB

 

 

Heikki Hiltunen, b. 1962, B.Sc. (Eng.)
Executive Vice President and Deputy to CEO of Vacon Plc
Member of the Board since 2011
Holdings: 1,846 Exel Composites shares
Finnish citizen

Previous main positions
Vice President Sales, Marketing & Service, Vacon Plc
Managing Director of Tellabs Oy and Vice President & General Manager for Europe, Middle East and Africa of Tellabs International

Key positions of trust
Chairman of the Board, Hockey-Team Vaasan Sport Oy

Independence
Independent of the Company and its major shareholders

 
 

Göran Jönsson, b. 1947, M.Sc. (Econ.)
Member of the Board since 2008
Holdings: 4,846 Exel Composites shares
Swedish citizen

Previous main positions
President and CEO, Exel Plc
Partner, Senior Partners
General Manager of Industrial Coatings, Akzo Nobel

Independence
Independent of major shareholders but dependent of the Company as the former President and CEO of Exel Plc

 
 

Reima Kerttula, b. 1955, M.Sc. (Eng.)
Senior Vice President, Flexibles, Suominen Corporation
Member of the Board since 2009
Holdings: 1,846 Exel Composites shares
Finnish citizen

Previous main positions
President, Metso Fabrics Inc.
President & CEO, Tamfelt Corporation
Senior Vice President, Metso Paper Inc, Paper and Board Business Line, Paper and Board Machines
Managing Director, Metso Paper Inc, Rautpohja Paper and Board Machinery

Independence
Independent of the Company and its major shareholders
 

 

 

Kerstin Lindell, b. 1967, Ph. D., MBA
CEO and President, Bona AB 
Swedish citizen

Previous main positions
Executive Vice President, Bona Kemi AB
Research & Development Manager, Akzo Nobel Industrial Wood Coatings

Key positions of trust
Member of the Board, Rostistella AB and Rosti A/S
Member of the Board, Ernströmgruppen
Vice Chairman of the Board, Chamber of Commerce and Industry of Southern Sweden

 

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