Neles Board’s organizational meeting on July 1, 2020
Neles Corporation’s Board of Directors made the following decisions at its organization
meeting:
Appointments of the Board’s commiees and deputy CEO
– Audit Commiee: Anu Hämäläinen (Chair), Bria Giesen, Niko Pakalén, and Peer
Söderström
– Remuneration Commiee: Jukka Moisio (Chair), Mark Vernon, and Teija Sarajärvi
– Chief Financial Ocer Simo Sääskilahti appointed as Deputy CEO
Confirmation and approval of the company’s profitable growth strategy
Confirmation and approval of the company’s mid-term financial targets
Update to the company’s Disclosure Policy
Personnel representation from July 1, 2020
The personnel are represented through regular reviews with the President and CEO, as well
as employee representative’s participation in Neles Finland management team meetings.
Extraordinary Annual General Meeting on October 29, 2020
Neles’ Extraordinary General Meeting (EGM) was held on October 29, 2020. The EGM
resolved, in accordance with the proposals made on July 2, 2020 by its largest shareholder,
Valmet Corporation, that the number of members of the Board be eight, and that for a
term of oce expiring at the end of the next Annual General Meeting, Mr. Jukka Tiitinen be
elected as a new member of the Board in addition to the previous members of the Board.
Annual General Meeting, June 16, 2020
Metso Corporation’s Annual General Meeting (AGM) was held on June 16, 2020. Decisions
taken at the AGM and information about the Board’s authorization can be found on Neles’
website hps://www.neles.com/investors/governance/agm/.
Neles Executive Team, July 1–December 31, 2020
The composition of the Neles Executive Team from July 1, 2020 onwards: Olli Isotalo,
President and CEO; Timo Hänninen, Head of Equipment; Sami Nousiainen, Head of Services;
Kalle Suurpää, Head of Valve Controls & Actuators; Patrick Dunn, Head of North America;
Fabio Maia, Head of South America; Jon Jested-Rask, Head of EMEIA; Tan HangPheng,
Head of Asia-Pacific; Kevin Tinsley, Head of Global Operations; Simo Sääskilahti, Finance
(CFO and deputy CEO); Hanne Peltola, Head of Human Resources and Kaisa Voutilainen,
Communications and Marketing.
Ms. Elisa Erkkilä, LL.M, was appointed on December 15, 2020, as a member of the Neles
Executive Team as of January 1, 2021. Elisa Erkkilä has been with Neles as General Counsel
and Chief Compliance Ocer since the launch of Neles Corporation in July 2020.
Up-to-date information regarding the Neles executive team at
hps://www.neles.com/investors/governance/.
Metso Executive Team, January 1–June 30, 2020
The composition of the Metso Executive Team from January 1 to June 30, 2020: Pekka
Vauramo, President and CEO; Eeva Sipilä, Chief Financial Ocer, Deputy to CEO; Ue
Hansen, President, Recycling; Olli Isotalo, President, Valves; Hannele Järvistö, Interim Senior
Vice President, Human Resources; Mikko Keto, President, Minerals Services and Pumps (until
1. 1. 2020); Giuseppe Campagnelli, President, Minerals Services and Pumps (from 2. 1. 2020),
Stephan W. Kirsch, President, Mining Equipment; Jani Puroranta, Chief Digital Ocer;
Markku Simula, President, Aggregates Equipment; Sami Takaluoma, President, Minerals
Consumables.
Shareholders’ Nomination Board’s proposals regarding the composition
and remuneration of the Board of Directors of Metso and Neles
Composition of the Neles’ Shareholders Nomination Board
The composition of the Shareholders’ Nomination Board on December 31, 2020 was as
follows: Mr. Pasi Laine, President and CEO, Valmet Corporation; Mr. Philip Ahlgren, Vice
President, Cevian Capital AB; Mr. Mikko Mursula, Chief Investment Ocer, Ilmarinen Mutual
Pension Insurance Company and Mr. Jukka Moisio, Chair of Neles Board. Mr. Risto Murto,
President and CEO, Varma Mutual Pension Insurance Company resigned on October 23,
2020 due to changes in Varma’s shareholding.
Neles Shareholders’ Nomination Board announced on December 22, 2020 its proposal
to the AGM 2021. The proposal regarding composition and remuneration of the Board of
Directors were as follows:
the number of Board members be seven
fixed annual remuneration be kept unchanged
Jaakko Eskola be elected as the Chair
Peru Louhiluoto be elected as Vice-Chair, and
Anu Hämäläinen, Niko Pakalén, Teija Sarajärvi, Jukka Tiitinen and Mark Vernon be
re-elected as Board members.
Composition of the Metso’s Shareholders Nomination Board
The Shareholders’ Nomination Board published its proposals regarding the composition and
remuneration of the Board of Directors of both Metso and the future Neles Corporation on
January 16, 2020. The Nomination Board would provide these proposals to Metso’s Board of
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Board of Directors’ Report
ANNUAL REPORT 2020