Metso Corporation Company release on November 6, 2008 at 5.15 p.m.
Metso's four biggest registered shareholders on November 3, 2008 i.e State of Finland, Cevian Capital II Master Fund L.P., Varma Mutual Pension Insurance Company and Ilmarinen Mutual Pension Insurance Company have named the following persons as their representatives for Metso's Nomination Committee:
Pekka Timonen, Director General, Ownership Steering Department, Prime Minister's Office (State of Finland);
Lars Förberg, Managing Partner (Cevian Capital);
Mikko Koivusalo, Head of Capital Market Investments (Varma Mutual Pension Insurance Company), and
Harri Sailas, CEO (Ilmarinen Mutual Pension Insurance Company).
Matti Kavetvuo, Chairman of Metso's Board of Directors, serves as the Committee's expert member. The Committee will elect a chairman from among its members in its organizing meeting.
Metso's Nomination Committee, established by the Annual General Meeting, prepares proposals on the composition of the Board of Directors along with the director remuneration for the next Annual General Meeting, which is tentatively scheduled for March 31, 2009. The Nomination Committee consists of the representatives named by the four biggest registered shareholders as of November 3, 2008 along with the Chairman of Metso's Board of Directors as an expert member. The Nomination Committee will present its proposal to the company's Board of Directors no later than February 2, 2009.
Metso is a global engineering and technology corporation with 2007 net sales of over EUR 6 billion. Its over 27,000 employees in approximately 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.
Further information for the press, please contact:
Aleksanteri Lebedeff, Senior Vice President, General Counsel, Metso Corporation, tel. +358 20 484 3240
Further information for investors, please contact:
Johanna Sintonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253