Outokumpu’s Shareholders’ Nomination Board has been established to annually prepare proposals on the composition of the Board of Directors and director remuneration for the Annual General Meeting. The Nomination Board consists of five members – four represent the company’s largest shareholders and the Chairman of the Board of Directors acts as the fifth member of the Nomination Board. The largest shareholders are determined on the basis of the shareholder register of the company according to the ownership situation on the first business day of August each year.
On August 1, 2024, the four largest shareholders of Outokumpu were Solidium Oy, Varma Mutual Pension Insurance Company, Ilmarinen Mutual Pension Insurance Company, and The Social Insurance Institution of Finland. The shareholders have appointed the following representatives to the Nomination Board:
Reima Rytsölä, CEO of Solidium Oy
Pekka Pajamo, CFO of Varma Mutual Pension Insurance Company
Jouko Pölönen, President and CEO of Ilmarinen Mutual Pension Insurance Company
Outi Antila, Director General of The Social Insurance Institution of Finland
Kari Jordan, Chairman of the Board of Directors of Outokumpu, acts as a fifth member of the Nomination Board. The Nomination Board will submit its proposals to Outokumpu’s Board of Directors on January 31, 2025, at the latest. Outokumpu will publish the proposals of the Nomination Board in a release and include them in the notice to the General Meeting.
