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Shareholders' Nomination Board

​​​​​​​Shareholders at the Annual General Meeting (AGM) have approved a proposal to appoint a Shareholders’ Nomination Board to exist until otherwise decided and to annually prepare proposals for the shareholders’ meeting regarding the number and election of the members of the Board of Directors, the remuneration of the Chairman, Vice Chairman and members of the Board of Directors as well as the remuneration of the Chairmen and members of the Board committees.
The Nomination Board comprises four members:
 
The Shareholders' Nomination Board shall consist of the Chairman of the Board of Directors, the Vice Chairman of the Board of Directors and two other members appointed by the two largest shareholders as of 31 August each year, appointing one each as set out in the Charter of the Shareholders' Nomination Board.

 

The Chairman of the Board of Directors shall convene the Shareholders' Nomination Board, which shall at the latest on 31 January each year present its proposals to the Board of Directors. The Shareholders' Nomination Board shall appoint a Chairman from among its members. The Chairman may not be a member of the Board of Directors. Members of the Shareholders' Nomination Board shall not receive separate compensation.
The Shareholders' Nomination Board members 2015
  • the Chairman of the Board Gunnar Brock, 
  • the Vice Chairman of the Board Juha rantanen and 
  • two other members appointed by the two largest shareholders, (one each) according to the share register of 30 September 2015.
Vice Chairman of the Board of Directors Jorma Eloranta replaced former member of the Board of Directors Juha Rantanen as member of the Shareholders' Nomination Board. The other members of the Shareholders' Nomination Board, Kari Järvinen (Chairman), Marcus Wallenberg and Gunnar Brock will continue in their positions.
 
The main tasks of the Nomination Board are to prepare the proposals for the AGM in 2016 concerning Board members and their remuneration. The Nomination Board presents its proposal for the Annual General Meeting to the Board before 31 January 2016.
 
Members of the Nomination Board shall not receive separate compensation.

 

The Nomination Board appointed by the AGM in 2015 comprised four members: the Chairman of the Board (Gunnar Brock), the Vice Chairman of the Board (Juha Rantanen) and two other members appointed by the two largest shareholders, namely Kari Järvinen (Solidium) and Marcus Wallenberg (FAM AB). 

 

Kari Järvinen was elected Chairman of the Nomination Board at its first meeting. The main tasks of the Nomination Board were to prepare the proposals for the AGM in 2016 concerning Board members and their remuneration. The Nomination Board appointed by the AGM in 2015 convened 5 times (6 November 2015–3 February 2016). Each member of the Nomination Board attended all the meetings. 

 
Nomination Board appointed by AGM 2015

 

COMPOSITION OF THE NOMINATION BOARD IN 2015 1)
 

 

Kari Järvinen

Marcus Wallenberg

Chairman of Stora Enso’s Nomination

Board. Born 1962. M.Sc. (Eng.), MBA.

Managing Director of Solidium Oy.

Joined Solidium in 2009.


Direct shareholding in the Company

3 000 R shares on 31 December 2015.

Solidium Oy owns 55 595 937 A and

41 483 501 R shares in the Company

on 31 December 2015.

Member of Stora Enso’s Nomination

Board. Born 1956. B.Sc. (Foreign

Service). Chairman of the Board of

Directors of FAM AB.

Holds 2 541 A shares and 4 715 R

shares on 31 December 2015 through

corporations over which he exercises

control (AB Eskla). FAM AB owns 63

123 386 A and 17 000 000 R shares in

the Company on 31 December 2015.

 

1) Curricula vitae of Gunnar Brock and Juha Rantanen, can be found here.