Composition of Konecranes Plc’s Shareholders’ Nomination Board

KONECRANES PLC STOCK EXCHANGE RELEASE September 7, 2023 at 1:30 PM EEST

 

Composition of Konecranes Plc’s Shareholders’ Nomination Board

 

Konecranes has a Shareholders' Nomination Board which prepares proposals to the Annual General Meeting, and, if necessary, to an Extraordinary General Meeting, for the election and remuneration of the members of the Board of Directors and to identify potential Board member candidates.

 

The Shareholders' Nomination Board is comprised of one member appointed by each of the four largest shareholders of Konecranes Plc. The shareholders entitled to appoint a member are determined on the basis of the shareholders' register of the Company maintained by Euroclear Finland Ltd. on August 31 each year.

 

The following members have been appointed to Konecranes’ Shareholders Nomination Board:

 

• Reima Rytsölä, CEO of Solidium, appointed by Solidium Oy with 8,793,123 shares,
• Stig Gustavson, appointed by Stig Gustavson and family with 2,366,157 shares,
• Markus Aho, Chief Investment Officer of Varma, appointed by Varma Mutual Pension Insurance Company with 2,085,293 shares, and
• Mikko Mursula, Deputy CEO, Investments of Ilmarinen, appointed by Ilmarinen Mutual Pension Insurance Company with 1,970,000 shares.

 

Christoph Vitzthum, the Chairman of the Board of Directors of Konecranes, serves as an expert in the Nomination Board without being a member.

 

The now appointed Nomination Board will forward its proposals for the 2024 Annual General Meeting to the Board of Directors by January 31, 2024.

 

 

KONECRANES PLC

Kiira Fröberg

Vice President, Investor Relations

 

FURTHER INFORMATION

Kiira Fröberg,

Vice President, Investor Relations,

tel. +358 (0) 20 427 2050

 

Konecranes is a global leader in material handling solutions, serving a broad range of customers across multiple industries. We consistently set the industry benchmark, from everyday improvements to the breakthroughs at moments that matter most, because we know we can always find a safer, more productive and sustainable way. That's why, with around 16,300 professionals in over 50 countries, Konecranes is trusted every day to lift, handle and move what the world needs. In 2022, Group sales totalled EUR 3.4 billion. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR).

 

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