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Proposals by Uponor Nomination Board to the Annual General Meeting 2016

Uponor Corporation         Stock Exchange Release     26 January 2016  14.45 EET

 

Proposals by Uponor Nomination Board to the Annual General Meeting 2016

The Uponor Nomination Board proposals to the annual general meeting, to be held in Helsinki, Finland on 10 March 2016, 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 is as follows:

  • Chair of the Board - €88,000
  • Deputy Chair of the Board - €49,000
  • Chair of the Audit Committee - €49,000
  • Other members of the Board - €44,000

Approximately 40% of the remuneration is paid by acquiring Uponor Corporation 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 at the country of residence of the member, €1,200 for meetings held elsewhere on the same continent, and €2,400 for meetings held on another continent. The remuneration paid for telephone meetings shall be the remuneration for meetings held at the country of residence 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, Mr Timo Ihamuotila, Mr Markus Lengauer, Ms Eva Nygren, Ms Annika Paasikivi and Mr Jari Rosendal, currently members of the Board of Directors, be re-elected as members of the Board of Directors. 
 

Uponor’s Nomination Board consists of the following persons: Pekka Paasikivi, chairman (representing Oras Invest), Reima Rytsölä (Varma), Antti Kasi (Nordea Funds) and Jorma Eloranta (expert member). 

For more information, please contact:

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

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

   

Uponor Corporation

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

DISTRIBUTION:

Nasdaq Helsinki
Media
www.uponor.com

 

Uponor is a leading international systems and solutions provider for safe drinking water delivery, energy-efficient radiant heating and cooling and reliable infrastructure. The company serves a variety of building markets including residential, commercial, industrial and civil engineering. Uponor employs about 3,800 employees in 30 countries, mainly in Europe and North America. In 2014, Uponor's net sales exceeded €1 billion. Uponor is based in Finland and listed on Nasdaq Helsinki. www.uponor.com