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

The Nomination Board elected by the Annual General Meeting of Exel Composites Plc proposes to the Annual General Meeting to be held on 26 March 2015 that the current members of the Board of Directors, Heikki Hiltunen, Peter Hofvenstam, Kerstin Lindell and Reima Kerttula be re-elected as members of the Board for the term ending at the closure of the Annual General Meeting of 2016. The Nomination Board also proposes that Matti Hyytiäinen be elected as new member of the Board of Directors.

Matti Hyytiäinen (54) is currently the President and CEO of PKC Group, a global group with a turnover of some MEUR 880, designing, manufacturing and integrating electrical distribution systems, electronics and related architecture components for the commercial vehicle industry and other selected segments. Previously Matti Hyytiäinen has served KONE Plc in various senior management positions. He holds an M.Sc. in Economics.

Göran Jönsson (Board member since 2008) has informed that he is no longer available for re-election.

The Nomination Board further proposes that the Annual General Meeting resolves to re-elect Peter Hofvenstam as Chairman of the Board of Directors for the term ending at the closure of the Annual General Meeting of 2016.

All nominees have given their consent for the election.

 

 

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: 6,208 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, Rosti Group AB
Member of the Board, Active Biotech AB

Independence
Independent of the Company, but non-independent of a major shareholder until 10 June 2014, since he was the 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: 2,912 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

 
 

Reima Kerttula, b. 1955, M.Sc. (Eng.)
COO, Amerplast Ltd.
Member of the Board since 2009
Holdings: 2,912 Exel Composites shares
Finnish citizen

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

Independence
Independent of the Company and its major shareholders
 

 

 

Kerstin Lindell, b. 1967, Ph. D., MBA
CEO and President, Bona AB
Member of the Board since 2014
Holdings: 1,066 Exel Composites shares
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, HMS Industrial Networks AB
Member of the Board, Peab AB
Vice Chairman of the Board, Chamber of Commerce and Industry of Southern Sweden

Independence
Independent of the Company and its major shareholders

 

 

Matti Hyytiäinen, b. 1960, M.Sc. (Econ.)
President and CEO, PKC Group Plc
No Exel Composites holdings
Finnish Citizen

Previous main positions
President and CEO, Etteplan Plc
Senior Vice President, KONE Plc, escalator business unit
President, KONE Elevators Co. Ltd

Key positions of trust
Vice Chairman of the Board, Kemppi Plc

 

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