HELSINKI, Finland, Feb. 18, 2016 (GLOBE NEWSWIRE) -- The members of the Nomination Board of Metso Corporation ("Metso") consider advisable to supplement the competence profile of Metso's Board of Directors with additional competence related to audit and risk management now that Eeva Sipilä is leaving the Board of Directors in order to assume the position of the Chief Financial Officer of Metso.
Therefore, shareholders Solidium Oy, Cevian Capital Partners Ltd, Varma Mutual Pension Insurance Company and Ilmarinen Mutual Pension Insurance Company being represented in Metso's Nomination Board and currently holding together approximately 35% of shares and votes in Metso have today notified Metso that they have decided to supplement the Nomination Board's proposal to the Annual General Meeting of March 21 2016 on the number of the members and composition of Board of Directors as follows:
- the number of the members of the Board of Directors would be eight (8) while the proposal of the Nomination Board was seven (7).
- Ms. Arja Talma would be elected as a new member of the Board of Directors in addition to Mikael Lilius, Christer Gardell, Wilson Brumer, Peter Carlsson, Lars Josefsson, Ozey K. Horton, Jr. and Nina Kopola as proposed by the Nomination Board.
Ms. Arja Talma is MSc (Finance), eMBA, b. 1962, Finnish citizen and currently acts as a professional Board member. She is a member of Board of Directors in Sponda Plc, Aktia Bank Plc and Norvestia Plc and Chairman of the Board of Serena Properties AB. Talma has been Senior Vice President, Store Sites and Investments in Kesko Corporation during 2013-2015, President of Rautakesko Ltd during 2011-2013, Senior Vice President, Chief Financial Officer (during 2005-2011) and Vice President, Corporate Controller (during 2004-2005) in Kesko Corporation, Executive Vice President in Oy Radiolinja Ab during 2001-2003 and in various audit and risk management positions in KPMG Wideri Oy AB during 1987-2001.
For more information on the proposed Board candidates and assessment of independence available on company's website (www.metso.com).
Metso is a world leading industrial company serving the mining, aggregates, recycling, oil, gas, pulp, paper and process industries. We help our customers improve their operational efficiency, reduce risks and increase profitability by using our unique knowledge, experienced people and innovative solutions to build new, sustainable ways of growing together.
Our products range from mining and aggregates processing equipment and systems to industrial valves and controls. Our customers are supported by a broad scope of services and a global network of over 80 service centers and about 6,400 services professionals. Metso has an uncompromising attitude towards safety.
Metso is listed on the NASDAQ OMX Helsinki, Finland, and had net sales of about EUR 2.9 billion in 2015. Metso employs over 12,000 persons in more than 50 countries. Expect results. www.metso.com, twitter.com/metsogroup
Further information, please contact:
Kari Järvinen, Managing Director, Solidium Oy, Chairman of Metso's Nomination Board, tel. +358 10 830 8905
VP, Investor Relations
NASDAQ OMX Helsinki Ltd