Proposals by the Uponor Nomination Board to the Annual General Meeting 2013

Uponor Corporation             Stock Exchange Release                 6 February 2013  9.00 EET

Proposals by the Uponor Nomination Board to the Annual General Meeting 2013

The Uponor Nomination Board proposals to the annual general meeting, to be held in Helsinki, Finland on 18 March 2013, are the following:

REMUNERATION OF THE MEMBERS OF THE BOARD OF DIRECTORS
The Nomination Board proposes to the general meeting that the yearly remuneration to the members of the Board of Directors shall remain unchanged.

Presently, the yearly remuneration received by the Chairman of the Board equals €71,000, €49,000 by the Deputy Chairman of the Board and €44,000 by other members of the Board. Approximately 40% of the remuneration is to be paid by acquiring Uponor Corporation’s shares in public trading and the rest in cash. The travel expenses related to Board meetings are paid according to the company’s travel policy.

In addition to the above, a remuneration per each actual board and committee meeting (excluding decisions without a meeting) is paid, amounting to €600 for meetings held in the home country of the member, €1,200 for meetings held elsewhere in Europe, and €2,400 for meetings held outside of Europe. The remuneration for telephone meetings equals the remuneration for meetings held in the home country of the member.

NUMBER OF BOARD MEMBERS
The Nomination Board proposes that the number of Board members remains at six.

ELECTION OF THE MEMBERS OF THE BOARD OF DIRECTORS
The Nomination Board proposes to the general meeting that Mr Jorma Eloranta, Ms Eva Nygren, Mr Jari Paasikivi, Mr Jari Rosendal and Mr Rainer S. Simon, currently members of the Board of Directors, be re-elected as members of the Board of Directors and that Mr Timo Ihamuotila be elected as a new member of the Board of Directors for the following term of office.

Mr Timo Ihamuotila (b. 1966), Master of Science (Economics) and Licentiate of Science (Finance), is Finnish citizen and acts as Executive Vice President, Chief Financial Officer at Nokia Corporation.

Uponor’s Nomination Board consists of the following persons: Pekka Paasikivi, chairman (representing Oras Invest), Risto Murto (Varma), Timo Ritakallio (Ilmarinen) and Jari Paasikivi (expert member).
 

For more information, please contact:

Pekka Paasikivi, Chairman of the Nomination Board
Tel: +358 (0)50 501 0666

Reetta Härkki, General Counsel, Uponor Corporation
Tel: +358 (0)20 129 2835

Uponor Corporation

Tarmo Anttila
Vice President, Communications
Tel. +358 (0)20 129 2852

 

DISTRIBUTION:

NASDAQ OMX Helsinki
Media
www.uponor.com

 

Uponor is a leading international provider of plumbing and indoor climate solutions for residential and commercial building markets across Europe and North America. In Northern Europe, Uponor is also a prominent supplier of infrastructure pipe systems. Uponor offers its customers solutions that are sustainable and safe and reliable to own and operate. The Group employs approx. 3,100 persons, in 30 countries. In 2011, Uponor's net sales totalled ca €800 million. Uponor Corporation is listed on NASDAQ OMX Helsinki in Finland. http://www.uponor.com.