Appointments Committee's proposal regarding composition of Raute Corporation's Board of Directors

RAUTE CORPORATION STOCK EXCHANGE RELEASE 5 FEBRUARY 2018 at 2:45 p.m.


APPOINTMENTS COMMITTEE'S PROPOSAL REGARDING COMPOSITION OF RAUTE CORPORATION'S BOARD OF DIRECTORS

Raute Corporation's Appointments Committee has informed that it will propose to the Annual General Meeting convening on 22 March 2018 that the number of the Board members is six. The Appointments Committee proposes that Mr. Erkki Pehu-Lehtonen, M.Sc. (Eng.), be re-elected as Chairman of the Board of Directors, Mr. Mika Mustakallio, M.Sc. (Econ.), be re-elected as Vice Chairman of the Board of Directors and Mr. Joni Bask, M.Sc. (Eng.), Mr. Patrick von Essen, M.Sc. (Eng.), Ms. Laura Raitio, Lic.Tech. (Forest products technology), and Mr. Pekka Suominen, M.Sc. (Econ.), be re-elected as members of the Board of Directors.

The Appointments Committee further proposes that the remunerations to the Board members shall continue to be 40,000 euros to the Chairman of the Board and 20,000 euros to the Board members for the term of office.

Raute Corporation’s Appointments Committee consists of Chairman of the Board Mr. Erkki Pehu-Lehtonen, Vice-Chairman Mr. Mika Mustakallio and Board member Mr. Pekka Suominen.

The proposals above will be included in the notice to the Annual General Meeting which will be published later.

RAUTE CORPORATION

Arja Hakala
Chief Financial Officer

FURTHER INFORMATION: 
Mr. Erkki Pehu-Lehtonen, Chairman of the Board, mobile +358 400 468 084

DISTRIBUTION:
Nasdaq Helsinki Ltd, main media, www.raute.com

RAUTE IN BRIEF:
Rauute is a technology and service company that operates worldwide. Raute’s customers are companies operating in the wood products industry that manufacture veneer, plywood and LVL (Laminated Veneer Lumber). The technology offering covers machinery and equipment for the customer’s entire production process. As a supplier of mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Additionally, Raute’s full-service concept includes technology services ranging from spare parts deliveries to regular maintenance and equipment modernizations. Raute’s head office is located in the Nastola area of Lahti, Finland. Its other production plants are in Kajaani, Finland, the Vancouver area of Canada and in the Shanghai area of China. More information on the company can be found at www.raute.com.