Shareholders’ Nomination Board

Last updated: June 24, 2024

Huhtamäki Oyj’s Annual General Meeting of Shareholders resolved on April 29, 2020 to establish a Shareholders’ Nomination Board and to adopt the Charter of the Shareholders’ Nomination Board. The Nomination Board was established until further notice. The Nomination Board is responsible for preparing proposals to the General Meeting, for the election and remuneration of the members of the Board of Directors.

Each of the four largest shareholders of the Company determined annually on the basis of the shareholders’ register on May 31 have a right to appoint one member to the Nomination Board. In addition, the Chair of the Board of Directors of the Company shall serve as an expert member of the Nomination Board. The representative of the largest shareholder will be the Chair of the Nomination Board, unless the Nomination Board decides otherwise. The term of office of the members of the Nomination Board ends annually after the new Nomination Board has been nominated.

The members of the Nomination Board are not entitled to any remuneration on the basis of their membership in the Nomination Board. The members’ travel expenses are reimbursed in accordance with the Company’s travel policy.

Tasks and duties of the Shareholders’ Nomination Board 

The tasks and duties of the Nomination Board are defined in the Charter of the Shareholders’ Nomination Board.

The tasks and duties of the Nomination Board include, among other things,

  • preparing and presenting to the General Meeting proposals for:
    • the remuneration and coverage of expenses of the members of the Board of Directors and the Board Committees
    • the number of the members of the Board of Directors
    • the election of the members of the Board of Directors, Chair and Vice-Chair
  • seeking prospective successor candidates for the members of the Board of Directors
  • participating in the development of the principles on diversity of the Board of Directors

The members of the Shareholders’ Nomination Board 

The following persons have been appointed to the Nomination Board on the basis of the shareholders’ register dated May 31, 2024:

Dr. Susanna Pettersson (Chair), appointed by the Finnish Cultural Foundation

Born 1966

Main occupation: CEO, The Finnish Cultural Foundation

Education: Ph.D.

Mr. Markus Aho, appointed by Varma Mutual Pension Insurance Company

Born 1980

Main occupation: Chief Investment Officer, Varma Mutual Pension Insurance Company

Education: M.Sc. (Tech.)

Mr. Mikko Mursula, appointed by Ilmarinen Mutual Pension Insurance Company

Born 1966

Main occupation: Deputy CEO, Investments, Ilmarinen Mutual Pension Insurance Company

Education: M. Sc. (Econ.)

Mr. Jukka Ala-Mello, appointed by Holding Manutas Oy and Security Trading Oy

Born 1963

Main occupation: Managing Director, Holding Manutas Oy and Security Trading Oy

Education: M. Sc. (Econ.)

In addition, the Chair of the Board of Directors of the Company serves as an expert member of the Nomination Board:

Mr. Pekka Vauramo (Expert member)

Chair of the Board of Directors of Huhtamäki Oyj

Curriculum vitae of Pekka Vauramo is available here.

The meetings of the Shareholders’ Nomination Board 2023

In 2023, the Nomination Board held seven meetings. The average attendance of the members at the Nomination Board meetings was 100%.