Itella Corporation's Annual General Meeting (AGM) was held in Helsinki on March 26th, 2013. The AGM adopted the financial statements for 2012, as well as discharged the members of the Supervisory Board and the Board of Directors and the President and CEO.
Board of Directors
Itella's Board of Directors consists of eight members. Arto Hiltunen, M.Sc. (Econ.), will continue as the Chairman of Itella's Board of Directors and Päivi Pesola, CFO, as the Vice Chairperson.
The AGM re-elected the following Board members: Country Director Jussi Kuutsa, Managing Director Timo Löyttyniemi, Ilpo Nuutinen from the Ownership Steering, Executive Vice President Riitta Savonlahti and General Manager Maarit Toivanen-Koivisto.The AGM elected Managing Director Suvi-Anne Siimes as a new member of the Board of Directors.
Itella's Supervisory Board consists of twelve members. Mauri Pekkarinen will continue as the Chairman of Supervisory Board and Johanna Karimäki as the Vice Chairperson.
The AGM re-elected MP Ritva Elomaa (True Finns), MP Lars-Erik Gästgivars (The Swedish People´s Party), MP Susanna Huovinen (Social Democratic Party), student Sari Moisanen (the Left Alliance), MP Outi Mäkelä (National Coalition Party), entrepreneur Reijo Ojennus (True Finns), MP Raimo Piirainen (Social Democratic Party), MP Tuomo Puumala (Centre Party), Executive Manager Teuvo V. Riikonen and MP Kimmo Sasi (National Coalition Party) as members of Supervisory Board.
The AGM approved the Board of Directors' proposal regarding the payment of dividends. The distributable funds be allocated as follows:
- a dividend of EUR 0.17 to be paid per share, or a total of EUR 6,800,000.00,
- retaining EUR 616,660,452.09 under shareholders' equity.
PricewaterhouseCoopers Oy, a firm of authorized public accountants, was elected as Itella's new auditor, with Merja Lindh, Authorized Public Accountant, as the principal auditor.
Board of Directors will receive a monthly compensation and a meeting compensation. Supervisory Board will receive a meeting compensation.
President and CEO Heikki Malinen, tel. +358 20 452 3366 (MediaDesk)
Secretary of the Board of Directors Pekka Leskinen, tel. +358 20 451 5007