2013-01-31 09:33:35 -
Stock Exchange Release
January 31, 2013 at 10:30 a.m. (CET+1)
The Nomination Board of Tikkurila proposes to the Annual General Meeting, which
is planned to be held on April 10, 2013, that the number of Board members would
remain unchanged at seven and that all present members Eeva Ahdekivi, Harri
Kerminen, Riitta Mynttinen, Jari Paasikivi, Pia Rudengren, Aleksey Vlasov and
Petteri Walldén would be re-elected.
Furthermore, the Nomination Board proposes to the Annual General Meeting that
the remuneration of the members of the Board of Directors will stay at the
current level. The annual remuneration to the members of the Board of Directors
would be as follows: EUR 57,000 for the Chairman, EUR 37,000 for the Vice
Chairman and EUR 31,000 for other members of the Board of Directors.
percent of the annual remuneration would be paid in Tikkurila
Oyj's shares acquired from the market and the rest in cash. The shares would be
acquired directly on behalf of the Board members within two weeks from the
release of the interim report for January 1-March 31, 2013. Furthermore, a
meeting fee for each meeting of the Board and its Committees (excluding
decisions without a meeting) would be paid to the members of the Board of
Directors as follows: EUR 600 for meetings held in the home state of a member
and EUR 1,200 for meetings held outside the home state of a member. If a member
participates in a meeting via telephone or video connection the remuneration
would be EUR 600. Travel expenses would be paid according to the travel policy
of the company.
The members of the Tikkurila Nomination Board are Pekka Paasikivi, Chairman of
the Board of Directors of Oras Invest Oy; Timo Ritakallio, Deputy CEO of
Ilmarinen Mutual Pension Insurance Company; and Risto Murto, Executive Vice
President of Varma Mutual Pension Insurance Company. The fourth member of the
Nomination Board is Jari Paasikivi, the Chairman of the Board of Directors of
Tikkurila Oyj, who acts as an expert member.
Erkki Järvinen, President and CEO
For further information, please contact:
Antti Kiuru, Tikkurila Oyj, Group Vice President, Legal, mobile
+358 400 686 488, firstname.lastname@example.org
Pekka Paasikivi, Chairman of the Tikkurila Nomination Board, mobile
+358 50 501 0666
For 150 years already, Tikkurila has provided consumers and professionals with
user-friendly and sustainable solutions for surface protection and decoration.
Tikkurila wants to be the leading paint company in the Nordic area as well as in
Russia and other selected Eastern European countries. - Tikkurila inspires you
to color your life.
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Source: Tikkurila Oyj via Thomson Reuters ONE