Kemira's Annual General Meeting of April 11, 2006 decided to establish a Nomination Committee to prepare proposals on the composition of the Board of Directors along with director remuneration for the following Annual General Meeting. The Annual General Meeting also decided that the Nomination Committee consists of the representatives of Kemira's three largest shareholders, registered in the Finnish book-entry securities system as of November 1, 2006, which accept the assignment.
The Nomination Committee of Kemira consists of the following three shareholders: The Finnish State, Varma Mutual Pension Insurance Company and Ilmarinen Mutual Pension Insurance Company. These shareholders have chosen the following persons as their representatives on the Nomination Committee: Pekka Timonen, Ministry of Trade and Industry (The Finnish State), Risto Murto (Varma Mutual Pension Insurance Company) and Jussi Laitinen (Ilmarinen Mutual Pension Insurance Company). Anssi Soila, the Chairman of the Board of Kemira Oyj will act as an expert member of the Nomination Committee.
The committee has today in its first meeting elected Pekka Timonen as Chairman among its members.
The Nomination Committee is required to submit its proposals to the Board of Directors of the company by February 1, 2007.
For further information please contact:
Jukka Hakkila, Group General Counsel, tel. +358 10 86 21690