Raute Corporation, Stock Exchange Release, 27 January 2026 at 2:00 p.m. EET
Proposals of the Shareholders' Nomination Board to Raute Corporation's Annual
General Meeting 2026
The Shareholders' Nomination Board of Raute Corporation (the "Nomination Board")
proposes to the Annual General Meeting planned to be convening on April 14,
2026, that Raute's Board of Directors would consist of seven members.
The Nomination Board proposes that Laura Raitio, Licentiate of Science
(Technology), would continue to be elected as the Chair of the Board of
Directors and Joni Bask, M.Sc. (Eng.), would continue to be elected as the Vice
Chair of the Board of Directors. It is proposed that Mikko Kettunen, M.Sc.
(Econ.), Julius Manni, M.Sc. (Econ.), Ari Piik, M.Sc. (Econ.), and Jenni Virnes,
M.Sc. (Eng.), be re-elected as members of the Board of Directors.
In addition, the Nomination Board proposes that Anna Hyvönen, Licentiate of
Science (Technology), be elected as a new member of the Board of Directors.
Anna Hyvönen (b. 1968, Licentiate of Science (Technology)) is the Chair of the
Board of Directors of Duell Corporation and a member of the Board of Directors
of Neste Corporation, SRV Group Plc and FLSmidth & Co. A/S. She has previously
held several international management positions in industry and services
companies, most recently at Nokian Tyres Plc in 2016-2025 in several roles, and
before that at KONE Corporation as VP of Maintenance business and at Ramirent
Oyj as EVP Northern and Central Europe. Earlier in her career, she worked at
Nokia Networks in several executive positions. Her previous positions of trust
include being a member of the Board of Directors of Caverion and Normet and
Chair of the Board of Directors of Leasegreen Group.
All candidates have given their consent to the positions.
Of the current Board members, Ari Harmaala will leave the Board at the end of
the Annual General Meeting.
"Ari Harmaala has brought his extensive experience to Raute Corporation's Board
of Directors. The Nomination Board thanks Ari Harmaala for his valuable
contribution and work for the company," says Pekka Suominen, Chair of the
Nomination Board.
The Nomination Board proposes that the remuneration of the members of the Board
of Directors would be EUR 55,000 for the Chair of the Board of Directors and EUR
27,000 for the members of the Board of Directors for the term of office as
before. The following remuneration is proposed for committee work:
· Meeting fee for committee work to the Chair of the Audit Committee EUR 1000
per meeting,
· The meeting fee for the chair of other possible committees and committee
members is EUR 500 per meeting.
Reimbursement of expenses shall be paid in accordance with the company's current
travel policy.
Regarding the election procedure for the members of the Board of Directors, the
Nomination Board recommends that the shareholders take a position on the
proposal as a whole at the Annual General Meeting. When making the proposal and
assessing the qualifications of the individual nominees, the Nomination Board
has assessed that the proposed entity of the Board of Directors has the best
possible expertise for the company and that the composition of the Board of
Directors also meets the other requirements of the Corporate Governance Code for
listed companies.
In addition, the Nomination Board proposes to the Annual General Meeting an
amendment to the Charter of the Nomination Board so that the appointment of the
members of the Nomination Board would be brought forward by one month from the
current date and would in future be based on the ownership situation on the last
business day of July instead of the current August.
The composition of Raute's Shareholders' Nomination Board was announced on
September 26, 2025, and its Chair is Pekka Suominen, and its members are Göran
Sundholm and Mikko Laakkonen. Laura Raitio, Chair of the Board of Directors, has
acted as an expert on the Nomination Board without being a member of the
Nomination Board. The Nomination Board has convened four times during the term.
The Nomination Board made its proposal for a decision unanimously.
The above-mentioned proposals will also be included in the notice to the Annual
General Meeting to be published later.
RAUTE CORPORATION
FURTHER INFORMATION:
Pekka Suominen, Chair of the Nomination Board. Contact requests: Elina
Suomalainen, Executive Assistant, tel. +358 44 289 9330.
DISTRIBUTION:
Nasdaq Helsinki Ltd, main media, www.raute.com
RAUTE IN BRIEF - Making Wood Matter
Raute is the partner to future-proof the wood industry. Our technologies cover
different production processes with supporting digital and analytics solutions
for engineered wood products. Additionally, we offer a full-scale service
concept ranging from spare parts to regular maintenance and modernizations. Our
innovative hardware and software solutions are designed to support our
customers' efficient consumption of natural resources. In mill-scale projects,
Raute is a global market leader both in the plywood and LVL industries. Raute's
head office and main production plant are located in Lahti, Finland. The
company's other production plants are located in Kajaani, Finland, the Vancouver
area of Canada, and in Pullman, WA, USA. Raute's net sales in 2024 were EUR
204.6 million. The Group's headcount at the end of 2024 was 783. More
information about the company can be found at www.raute.com