Metso Corporation

October 03, 2011 03:40 ET

Composition of Metso's Nomination Board

HELSINKI, FINLAND--(Marketwire - Oct 3, 2011) -

Metso Corporation's stock exchange release on October 3, 2011 at 10:30 a.m. local time

Metso's Annual General Meeting decided on March 30, 2011 to establish a Nomination Board to prepare proposals on members of the Board of Directors and their remuneration for the next Annual General Meeting which is planned to be held on March 29, 2012. The representatives of the four largest shareholders registered in Metso's shareholder register as of October 1, 2011 are elected to the Nomination Board along with the Chairman of the Board of Directors Jukka Viinanen as an expert member.

According to the shareholders register, Metso Corporation's four largest shareholders on October 1, 2011 were:

  * Solidium Oy (16,226,928 shares and votes or 10.79% of share capital and
  * Cevian Capital II Master Fund L.P. (7,440,060 shares and votes or 4.94%
    of share capital and votes),
  * Ilmarinen Mutual Pension Insurance Company (6,031,943 shares and votes
    or 4,01% of share capital and votes),
  * Varma Mutual Pension Insurance Company (5,148,682 shares and votes or
    3,42% of share capital and votes).

These shareholders have named the following persons as their representatives for Metso's Nomination Board:

  *    Kari Järvinen, Managing Director (Solidium Oy);
  *    Lars Förberg, Managing Partner (Cevian Capital);
  *    Harri Sailas, President and CEO (Ilmarinen Mutual Pension Insurance
       Company), and
  *    Matti Vuoria, Managing Director, President and CEO (Varma Mutual
       Pension Insurance Company).

Kari Järvinen has been elected the Chairman of the Nomination Board.

Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 29,000 employees in more than 50 countries.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Metso Corporation via Thomson Reuters ONE


Contact Information

  • Further information please contact:
    Aleksanteri Lebedeff
    Senior Vice President, General Counsel
    tel. +358 20 484 3240

    Marja Makinen
    Investor Relations Manager, Metso Corporation
    tel. +358 20 484 3211

    Metso Corporation

    Harri Nikunen

    Marja Makinen
    Investor Relations Manager

    NASDAQ OMX Helsinki Ltd