Nomination Committee's proposal regarding the composition and fees of Rautaruukki's Board of Directo
(Thomson Reuters ONE) - Rautaruukki Corporation Stock exchange release 19 January 2010 at 15.00Nomination Committee's proposal regarding the composition and fees ofRautaruukki's Board of DirectorsRautaruukki's shareholders' Nomination Committee is to propose to the AnnualGeneral Meeting convening on 23 March 2010 that the number of Board membersremains unchanged at seven.The Nomination Committee proposes that the current members of the Board ofDirectors Maarit Aarni-Sirvi?eino Hanhinen, Liisa Leino and Hannu Ry?nenbe re-elected for a further term of office lasting one year from the 2010 AnnualGeneral Meeting to the close of the 2011 Annual General Meeting.The Nomination Committee proposes that Pertti Korhonen MSc (ElectronicsEngineering), President & CEO, Outotec Oyj; Matti Lievonen, BSc (Eng) President& CEO, Neste Oil Corporation and Jaana Tuominen, MSc (Eng), CEO and ManagingDirector, Paulig Ltd be elected to the Board as new members. Visit our websiteat www.ruukki.com for more information about these candidates.Furthermore, the Nomination Committee proposes that Reino Hanhinen be re-electedas chairman of the Board of Directors and that Hannu Ry?nen be elected asdeputy chairman. All candidates have consented to stand for election.Moreover, the Nomination Committee proposes that the annual fees of the Board ofDirectors remain unchanged:Chairman EUR 67,200Deputy chairman EUR 42,000Members EUR 32,400In addition to the above, it is proposed that Board members are paid anattendance fee of EUR 600 per meeting for Board of Directors' meetings and Boardof Directors' committee meetings. The Nomination Committee proposes that 40 percent of the annual fee be paid in the form of Rautaruukki Oyj shares purchasedfrom the market. The shares will be purchased within two weeks of thepublication of the company's interim report for the first quarter of 2010.According to the proposal, the Annual General Meeting will resolve to acquirethe shares directly on behalf of Board members. This is an acceptable way toacquire Rautaruukki Oyj shares for Board members under applicable insider rules.The Nomination Committee also considers that increasing the long-termshareholding of Board members will benefit all shareholders.The proposals above are included in the notice of the Annual General Meeting.Kari J?inen, Managing Director, served as chairman of the Nomination Committeewith Timo Ritakallio, Deputy Chief Executive Officer and Matti Vuoria, President& CEO as members. Reino Hanhinen, Chairman of Rautaruukki's Board of Directors,and Hannu Ry?nen, who was appointed by the Board of Directors, served as theNomination Committee's' expert members.For further information, please contact:Kari J?inen, Managing Director, Solidium Oy, tel. +358 10 830 8905Reino Hanhinen, Chairman of the Board of Directors, tel. +358 20 592 9068Rautaruukki CorporationAnne Piril?VP, Corporate Communications and Investor RelationsRautaruukki supplies metal-based components, systems and integrated systems tothe construction and engineering industries. The company has a wide selection ofmetal products and services. Rautaruukki has operations in 27 countries andemploys 12,200 people. Net sales in 2008 totalled EUR 3.9 billion. The company'sshare is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporationuses the marketing name Ruukki.DISTRIBUTION:NASDAQ OMX HelsinkiMain mediawww.ruukki.com [HUG#1374849]
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Datum: 19.01.2010 - 08:01 Uhr
Sprache: Deutsch
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