Proposals of Fingrid’s Shareholders’ Nomination Board to the Annual General Meeting 2024
Published 15.2.2024:
Supplement to the proposals of Fingrid Oyj’s Shareholders’ Nomination Board to the Annual General Meeting 2024
On 31 January 2024, Fingrid Oyj published the proposals of the Shareholders’ Nomination Board to the Annual General Meeting 2024. Fingrid supplements the published release as follows:
In addition to the already published proposals, the Shareholders’ Nomination Board proposes that Mikko Mursula will be elected as Fingrid’s new Board member for the term of office ending at the end of the next Annual General Meeting.
Mikko Mursula, M.Sc. (econ.), Finnish citizen. Mursula has acted as a Deputy CEO, investments, from the year 2018 and as an EVP, Investments during the years 2015-2018 for Mutual Pension Insurance Company Ilmarinen. Earlier Mursula has acted as a Managing Director for FIM Oyj during the years 2013-2015, as a Director, asset management and brokerage operations for S-Pankki Oyj during the years 2013-2015, as a Managing Director for FIM Varainhoito Oy during the years 2010-2015 and in different executive positions in the field of investments during the years 2000-2010 for Mutual Pension Insurance Company Ilmarinen. In addition, Mursula acts as a deputy chair of the board for Tornator Oyj, as a deputy chair of the board for Kojamo Oyj, as a Board member for Jane and Aatos Erkko Foundation and as a chair at the investment committee for Aalto University foundation.
Mikko Mursula is independent of the company, but not of the significant shareholders since he is currently employed by a significant shareholder. Mursula has given his consent to his appointment.
The Nomination Board’s proposals will be included in the invitation to the Annual General Meeting.
Published 31.1.2024:
The Shareholders’ Nomination Board of Fingrid Oyj proposes to the Annual General Meeting 2024 that the meeting would decide as follows:
1. Number and composition of the Board of Directors
The Shareholders’ Nomination Board proposes that Fingrid’s Board of Directors would consist of five (5) members and that the current members of the Board of Directors Hannu Linna, Leena Mörttinen, Jero Ahola and Anne Jalkala would be re-elected for the term of office ending at the end of the next Annual General Meeting. The current Board member Jukka Reijonen has informed that he will not be available for re-election to the Board of Directors in the next Annual General Meeting.
The Shareholders’ Nomination Board will complement its proposal concerning the Board members to be elected after the approval processes affecting the election have been completed, based on current estimations, at the latest by 16 February 2024.
In addition, Shareholders’ Nomination Board proposes that from the current Board members Hannu Linna would be re-elected as the Chair and Leena Mörttinen re-elected as the Deputy Chair of the Board of Directors.
Of the proposed Board members, Hannu Linna, Jero Ahola and Anne Jalkala are independent from the company and its significant shareholders. Leena Mörttinen is independent of the company, but not of the significant shareholders since she is currently employed by a significant shareholder.
All the proposed Board members have given their consents to their appointments.
2. Remuneration for the Board of Directors
The Shareholders’ Nomination Board proposes that the remuneration paid to the members of the Board of Directors remain unchanged. According to the proposal, the Chair shall be paid EUR 2,400/month, the Vice Chair EUR 1,300/month, and the Board members EUR 1,000/month, in addition to which, members shall be paid a meeting fee of EUR 600 for attending Board meetings and meetings of the Board’s committees and meetings of the Shareholders’ nomination board.
The Nomination Board’s proposals will be included in the invitation to the Annual General Meeting.
The Chair of Fingrid’s Shareholders’ Nomination Board is Karri Safo (nominated by the State of Finland), and its members are Mikko Räsänen (nominated by llmarinen Mutual Pension Insurance Company) and Erkko Ryynänen (nominated by Aino Holdingyhtiö Ky).
Contact information:
General Counsel, SVP Marina Louhija
tel. +358 40 519 0627