Orthex Oyj: Orthex Corporation: Proposals of the Shareholders' Nomination Board to the Annual General Meeting 2024
Orthex Corporation, Stock exchange release, 30 January 2024 at 2.00 p.m. EET
The Shareholders' Nomination Board of Orthex Corporation proposes to the Annual General Meeting 2024 that the meeting would decide on the number, composition, and remuneration of the members of the Board of Directors as follows:
Number of members and composition of the Board of Directors
The Shareholders' Nomination Board proposes that the Board of Directors would consist of five (5) members and that Sanna Suvanto-Harsaae, Markus Hellström, Jyrki Mäki-Kala, Jens-Peter Poulsen and Anette Rosengren be re-elected to the Board for a term of office ending at the end of the next Annual General Meeting.
All director nominees have consented to their election and confirmed that they are independent of the company and its significant shareholders. Background information on the director nominees is available on the corporate website Board of Directors - Orthex Group (https://investors.orthexgroup.com/governance/board-of-directors/).
Remuneration of the members of the Board of Directors
The Shareholders' Nomination Board proposes that the remuneration of the members of the Board of Directors remains the same and that the Chair of the Board of Directors be paid a monthly fee of EUR 4,000 and other members of the Board of Directors a monthly fee of EUR 2,000. The Nomination Board further proposes that reasonable travel and other expenses related to the Board work be reimbursed in accordance with the company's travel rules.
The Shareholders' Nomination Board consists of the representatives of the company's four largest shareholders. The members of the Nomination Board are Maarit Toivanen, Chair of the Board of Directors of Conficap Oy, Alexander Rosenlew, Annika Ekman, Head of Direct Equity Investments of Ilmarinen Mutual Pension Insurance Company, Mats Söderström, CEO of Thominvest Oy and, as an expert member, Sanna Suvanto-Harsaae, Chair of Orthex's Board of Directors. Maarit Toivanen chairs the Nomination Board.
The Annual General Meeting of Orthex Corporation is planned to be held on Tuesday, 9 April 2024. Orthex's Board of Directors will convene the general meeting later.
Further enquiries:
Alexander Rosenlew, CEO, Orthex Corporation
Tel. +358 (0)40 500 3826
alexander.rosenlew@orthexgroup.com
Saara Mäkelä, CFO, Orthex Corporation
Tel. +358 (0)40 083 8782
saara.makela@orthexgroup.com
Distribution:
Nasdaq Helsinki Ltd
Main media
https:/investors.orthexgroup.com/
Orthex in brief
Orthex (ORTHEX, Nasdaq Helsinki, Finland) is a leading Nordic houseware company. Orthex offers a broad assortment of practical and durable household products with a mission to make consumers' everyday life easier. Orthex main consumer brands are SmartStore™ in storage products, GastroMax™ in kitchenware and Orthex™ in home and plant care categories. Orthex aims to be the industry forerunner in sustainability and to become carbon neutral in its production by 2030. Read more www.orthexgroup.com.
Orthex's net sales in 2022 were 84.0 million euros. The company has customers in more than 40 countries and local sales organisations in the Nordics, Germany, France, the UK, and the Benelux.
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