Proposals of Fingrid’s Shareholders’ Nomination Board to the Annual General Meeting 2022
The Shareholders’ Nomination Board of Fingrid Oyj proposes to the Annual General Meeting 2022 that the meeting would decide as follows:
1. Number 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 the current members of the Board of Directors Päivi Nerg, Hannu Linna and Sanna Syri would be re-elected for the term of office ending at the end of the next Annual General Meeting. The current Board members Juhani Järvi and Esko Torsti have informed that they will not be available for re-election to the Board of Directors in the next Annual General Meeting.
In addition, Shareholders’ Nomination Board proposes that Jukka Reijonen and Sami Kurunsaari will be elected as new Board members for the same term of office.
Jukka Reijonen, M. Sc. (Tech.), eMBA, Finnish citizen. Reijonen has acted as a Head of Alternative Investments for Ilmarinen Mutual Pension Insurance Company from the year 2018. Earlier Reijonen has acted as a Director in different management positions at Mutual Pension Insurance Company Etera during the years 2014-2018, acted as a Director for Danske Bank during the years 2011-2013, has acted as a Director in different management positions at The Royal Bank of Scotland Plc, Helsinki Branch during the years 2007-2010, acted as a Director for Kauphting Bank Oy in the year 2007, has held different positions at Municipality Finance Plc during the years 1994-2007 and at Postipankki Oy during the years 1991-1994. In addition, Reijonen acts as a chairman of the board for Metsämassi Oy and as a board member for The Forest Company, Finsilva Oy, Tieyhtiö Valtatie 7, VT 7 Holding Oy and as a deputy board member for Navidom Oy.
Sami Kurunsaari, M. Sc (Energy Tech.), Finnish citizen. Kurunsaari has acted as a CEO Nordics for Landis+Gyr Group from the year 2018 being responsible for business in Nordic and Baltic Countries. Earlier, Kurunsaari has acted in different group management positions at Relacom Group during the years 2016-2018 and 2012-2014, as a Vice President at Schneider Electric Finland, Energy business unit during the years 2014-2016, as a Head of Local Network Finland for Fortum Distribution during the years 2011-2012, as a Director at ICECAPITAL Pankkiiriliike during the years 2010-2011 and as a Director in different management positions at Eltel Networks Group both in Finland and abroad during the years 2001-2010. In addition, Kurunsaari is a member at Board of Directors at Turun Tunnin Juna Oy and Landis+Gyr Oy.
In addition, Shareholders’ Nomination Board proposes that from the current Board members Hannu Linna would be elected as the Chair and Päivi Nerg re-elected as the Deputy Chair of the Board of Directors.
Of the proposed Board members, Hannu Linna, Sanna Syri and Sami Kurunsaari are independent from the company and its significant shareholders. Päivi Nerg and Jukka Reijonen are independent of the company, but not of the signifigant shareholders, since they are currently employed by a significant shareholder.
All of the proposed Board members have given their consents to their appointments.
2. Remuneration for the Board of Directors
The Shareholders’ Nomination Board proposes that the remuneration paid to the members of the Board of Directors remain unchanged. According to the proposal, the Chair shall be paid EUR 2,400/month, the Vice Chair EUR 1,300/month, and the Board members EUR 1,000/month, in addition to which, members shall be paid a meeting fee of EUR 600 for attending Board meetings and meetings of the Board’s committees and meetings of the Shareholders’ nomination board.
The Chair of Fingrid’s Shareholders’ Nomination Board is Karri Safo (nominated by the State of Finland), and its members are Mikko Räsänen (llmarinen Mutual Pension Insurance Company) and Erkko Ryynänen (nominated by Aino Holdingyhtiö Ky).