Thomas Ahlström appointed Chairman of Suominen's Nomination Board
Helsinki, Finland, 2014-10-13 11:00 CEST (GLOBE NEWSWIRE) --
Suominen Corporation Stock Exchange Release 13 October 2014 at 12:00 noon (EEST)
THOMAS AHLSTRÖM APPOINTED CHAIRMAN OF SUOMINEN'S NOMINATION BOARD
As announced by Suominen Corporation on 7 October 2014, Ahlstrom Corporation has sold in total 66,666,666 Suominen Corporation shares to AC Invest Two B.V, which is a group company of Ahlström Capital Oy. After the transaction, AC Invest Two B.V. is the largest shareholder of Suominen.
Due to the transaction, AC Invest Two B.V. is entitled to nominate a representative to Suominen’s Nomination Board, and consequently, the composition of the Nomination Board changes. Marco Levi, CEO of Ahlstrom Corporation and Chairman of the Nomination Board of Suominen, has resigned from his position. Mr Thomas Ahlström, Managing Director of Antti Ahlström Perilliset Oy and a member of the Board of Directors at Ahlström Capital Oy, has been nominated to represent AC Invest Two B.V. in the Nomination Board. Further, the Nomination Board elected him as the Chairman of the Nomination Board.
The other members of the Nomination Board of Suominen Corporation are, as announced on 2 September 2014: Timo Ritakallio, Deputy CEO of Ilmarinen Mutual Pension Insurance Company; Reima Rytsölä, Chief Investment Officer of Varma Mutual Pension Insurance Company; and Jorma Eloranta, Chair of Suominen’s Board of Directors.
The Nomination Board shall submit its proposals to the Board of Directors no later than 1 February prior to the Annual General Meeting.
Nina Kopola, President & CEO
For additional information, please contact Nina Kopola, President & CEO, tel. +358 (0)10 214 300
Suominen in brief
Suominen manufactures nonwovens as roll goods for wipes as well as for medical and hygiene products. The end products made of Suominen’s nonwovens - wet wipes, feminine care products and swabs, for instance - bring added value to the daily life of consumers worldwide. Suominen is the global market leader in nonwovens for wipes and employs approximately 600 people in Europe and in the Americas. Suominen’s net sales in 2013 amounted to MEUR 373.7 and operating profit excluding non-recurring items to MEUR 19.4 (continuing operations). The Suominen share (SUY1V) is listed in NASDAQ OMX Helsinki Stock Exchange. Read more at www.suominen.fi.
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