KESKO CORPORATION STOCK EXCHANGE RELEASE 03.04.2017 AT 16.20 1(1)
Compositions of Kesko Corporation Board's Committees
The organisational meeting of Kesko Corporation's Board of Directors, held after the Annual General Meeting, kept the compositions of the Audit Committee and the Remuneration Committee unchanged.
After the Annual General Meeting, Kesko Corporation's Board of Directors held an organisational meeting in which it elected M.Sc. (Econ.) Jannica Fagerholm as the Chair of the Audit Committee, eMBA Mikael Aro as its Deputy Chair, and M.Sc. (Econ.) Matti Kyytsönen as its member. Business College Graduate Esa Kiiskinen (Ch.), eMBA Mikael Aro (Dep. Ch.) and M.Sc. (Econ.) Anu Nissinen were elected to the Board's Remuneration Committee.
Based on the Board's independence evaluation, all Board members, except for Toni Pokela, are independent of the Company's significant shareholders. Pokela is the Chair of the Board of the Company's significant shareholder, the K-Retailers' Association. All Board members, except for Esa Kiiskinen, Matti Naumanen and Toni Pokela, are also independent of the Company. Each of the companies controlled by Kiiskinen, Naumanen and Pokela has a chain agreement with Kesko.
The Committees' compositions fulfil the independence requirements of the Finnish Corporate Governance Code for listed companies.
The Board elects the Board Chair and the Deputy Chair for the whole three-year term of office of the Board members, and the Committee Chairs, Deputy Chairs and members for one year at a time.
Further information is available from the Company Secretary, Director Mika Majoinen, tel. +358 105 322 206.
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