Pohjola Pankki Oyj : Proposals for Members of Pohjola Bank plc's Board of
Directors and Auditors and Their Remuneration
Pohjola Bank plc
STOCK EXCHANGE RELEASE
6 February 2013, 8.45 am
Proposals for Members of Pohjola Bank plc's Board of Directors and Auditors
and Their Remuneration
With around 61% of the votes conferred by Pohjola Bank plc shares, OP-Pohjola
Group Central Cooperative has announced that it will propose to Pohjola Bank
plc's Annual General Meeting (AGM) of 22 March 2013 that eight members be
elected to the Company's Board of Directors. It proposes that the following
existing members be re-elected: Mr Jukka Hienonen, President and CEO; Mr Jukka
Hulkkonen, Managing Director; Ms Mirkku Kullberg, Managing Director; Mr Harri
Sailas, President and CEO; and Mr Tom von Weymarn. Ms Merja Auvinen, Deputy
Managing Director, has announced that she will not stand for re-election to
the Board of Directors. Accordingly, OP-Pohjola Group Central Cooperative
proposes that Ms Marjo Partio (56), Managing Director of Kymenlaakson
Osuuspankki, be elected to replace Ms Auvinen.
On the basis of their duties as per the Articles of Association, the following
persons are members of Pohjola Bank plc's Board of Directors: Mr Reijo
Karhinen, Chairman of the Executive Board of OP-Pohjola Group Central
Cooperative and Executive Chairman and CEO of OP-Pohjola Group, as Chairman of
the Board of Directors; and Mr Tony Vepsäläinen, Vice Chairman of the
Executive Board of OP-Pohjola Group Central Cooperative, Chief Business
Development Officer, as Vice Chairman of the Board of Directors.
OP-Pohjola Group Central Cooperative has also announced that it will propose
to the AGM that monthly Board emoluments be as follows: EUR 8,000 payable to
the Chairman, EUR 5,500 payable to the Vice Chairman and EUR 4,500 payable to
other Board members. An additional monthly emolument of EUR 1,000 will be paid
to such Board committee chairs who are not the Chairman or Vice Chairman of
the Board. In addition, the proposed attendance allowance per meeting is EUR
550. An attendance allowance also applies to the meetings of Board Committees.
These monthly Board emoluments are treated as pensionable salary, in
accordance with the proposal. The proposed emoluments equal those paid in
OP-Pohjola Group Central Cooperative has announced that it will propose that
KPMG Oy Ab, a firm of authorised public accountants, be re-elected the
Company's auditor. OP-Pohjola Group Central Cooperative proposes that
auditor's remuneration be based on a reasonable invoiced amount.
The proposed new Board member, Marjo Partio, M.Sc. (Econ. & Bus. Adm.) and
DBA, has acted as Managing Director of Kymenlaakson Osuuspankki and its
predecessor since 1996. Before that, she acted as Investment Manager and Bank
Manager of Kouvolan Seudun Osuuspankki, among other things. Ms Partio joined
the payroll of the then OP Bank Group in 1981. She also sat on OP-Pohjola
Group Central Cooperative's Supervisory Board from 2007 until 2012, acting as
member of the Working Committee from 2006-12 and Vice Chairman of
Kaakkois-Suomen OP-liitto from 2003-09. She has been a member of the
South-East Finland Regional Advisory Committee of the Federation of Finnish
Industries since 2005.
Pohjola Bank plc
Chief Communications Officer
NASDAQ OMX Helsinki
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FOR MORE INFORMATION, PLEASE CONTACT:
Niina Pullinen, Senior Vice President, Investor Relations, tel. +358 (0)10 252
Carina Geber-Teir, Chief Communications Officer, tel. +358 (0)10 252 8394
Pohjola Bank plc is a Finnish financial services group which provides its
customers with banking, non-life insurance and asset management services. Our
mission is to promote the prosperity, security and wellbeing of our customers.
Profitable growth and an increase in company value form our key objectives.
Pohjola Group serves corporate customers in Finland and abroad by providing an
extensive range of financial, investment, cash-management and non-life
insurance services. We offer non-life insurance and private banking services
to private customers. Pohjola Series A shares have been listed on the Large
Cap List of the NASDAQ OMX Helsinki since 1989. The number of shareholders
totals around 32,000. Pohjola's consolidated earnings before tax came to 374
million euros in 2012 and the balance sheet total amounted to 45 billion euros
on 31 December 2012. Pohjola is part of OP-Pohjola Group, the leading
financial services group in Finland with over four million customers.
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Source: Pohjola Pankki Oyj via Thomson Reuters ONE
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