Proposals of the Shareholders’ Nomination Board to Puuilo’s 2026 Annual General Meeting
PUUILO PLC, STOCK EXCHANGE RELEASE, 20 March 2026 at 12.00 EET
The Shareholders’ Nomination Board of Puuilo submits the following proposals to Puuilo’s 2026 Annual General Meeting, planned to be held on 12 May 2026. The proposals will also be included in the Notice of Annual General Meeting, to be published at a later date.
The number of Board members and Board composition
The Shareholders’ Nomination Board of Puuilo Plc proposes to the Annual General Meeting that the Board of Directors consist of five members. The Shareholders’ Nomination Board proposes that all current members of the Board of Directors, Susanne Hounsgaard, Jens Joller, Mammu Kaario, Tuomas Piirtola, and Markku Tuomaala, be re-elected. All the proposed candidates have given their consent to being elected.
All proposed members are independent of the company and its major shareholders, except Jens Joller, who is independent of the company but dependent on a major shareholder.
The Shareholders’ Nomination Board proposes to the Annual General Meeting that Mammu Kaario be re-elected as the Chair of the Board of Directors.
The Shareholders’ Nomination Board has considered the composition of the Board of Directors in terms of its overall structure, as well as the individual members’ versatile and mutually complementary professional expertise and experience.
In accordance with the Company’s Articles of Association, the term of office of the members of the Board of Directors is one year and will begin at the close of the 2026 Annual General Meeting and end at the close of the 2027 Annual General Meeting.
Remunerations of the members of the Board of Directors
The Shareholders’ Nomination Board proposes that the remunerations of the members of the Board of Directors are as follows:
- EUR 70,000 (2025: EUR 65,000) to the Chair of the Board of Directors as annual remuneration
- EUR 37,000 (2025: EUR 33,000) to the other members of the Board of Directors as annual remuneration
In addition, the Shareholders’ Nomination Board proposes that the Chair of the Audit Committee be paid a fixed annual remuneration of EUR 7,000 (2025: EUR 6,000) and that a member of the Audit Committee be paid a fixed annual remuneration of EUR 4,000 (2025: EUR 3,000). Corresponding remuneration shall also be paid to the Chair and a member of any other permanent committee that may be established by the Board of Directors.
All remunerations will be paid in cash. Reimbursements of travel expenses are to be paid to the Board members in accordance with the general travel rules of Puuilo.
Members of the Shareholders’ Nomination Board
The representatives of the three largest shareholders were appointed to the Shareholders’ Nomination Board. The Shareholders’ Nomination Board consists of Emerson Moore, appointed by Ampfield Management L.P., Janne Koikkalainen appointed by Markku Tuomaala, and Ville Tiainen appointed by Evli-Rahastoyhtiö Oy along with the Chair of the Board of Directors, Mammu Kaario, as an expert member. Puuilo’s Shareholders’ Nomination Board is chaired by Emerson Moore.
PUUILO PLC
For further information, please contact:
Annu von Weymarn, interim CFO, tel. +358 40 749 0271
Email: ir (@) puuilo.fi
Pictures for media: https://www.puuilo.fi/medialle