The Shareholders’ Nomination Board (“Nomination Board”) is a permanent corporate body. The Nomination Board is responsible for succession planning and realization of diversity principles of the Board. It prepares proposals to the Annual General Meeting regarding the composition and remuneration of the Board.

Nomination Board in general

The Nomination Board consists of the representatives appointed yearly by Neles’ four largest registered shareholders as of September 1. The Chair of the Board convenes the Nomination Board and serves as its expert member. The Nomination Board was appointed on September 2, 2019 by the four largest registered Metso shareholders as of August 30, 2019.

 

 

Nomination Board composition and competence

The Nomination Board consists of Niko Pakalén of Cevian Capital, Mikko Mursula of Ilmarinen and Risto Murto of Varma. Their professional backgrounds are as follows:

Niko Pakalén
Partner at Cevian Capital AB
Education: M.Sc. (Econ)
Partner at Cevian since 2011. Member of 
Nomination Board since 2016 and Chair from
September 2017–March 2018.


Mikko Mursula
Deputy CEO of Ilmarinen Mutual Pension
Insurance Company
Education: MA (Econ)
Deputy CEO of Ilmarinen since 2019. Chief
Investment Officer at Ilmarinen 2014–2019. Member
of Nomination Board since 2018.


Risto Murto
President and CEO of Varma Mutual Pension
Insurance Company
Education: Ph.D. (Econ)
President and CEO of Varma since 2014. Member of
Nomination Board since 2014.
Chairman of the Board of University of Oulu
Member of the Board of Sampo Plc and Wärtsilä
Corporation.

 

Neles Nomination Board Charter