Outokumpu’s Shareholders’ Nomination Board composition

Outokumpu’s Shareholders’ Nomination Board composition

Outokumpu’s Shareholders’ Nomination Board consists of the representatives of the four largest shareholders registered in the shareholder register of the company following Nasdaq Helsinki’s last trading day in August. In addition, Kari Jordan, Outokumpu’s Chairman of the Board of Directors, acts as an expert member in the Nomination Board. The Nomination Board has been established to annually prepare proposals on the composition of the Board of Directors and director remuneration for the Annual General Meeting.

On August 31, 2020 the four largest shareholders of Outokumpu were Solidium Oy, The Social Insurance Institution of Finland, Ilmarinen Mutual Pension Insurance Company and the State Pension Fund of Finland. As the State Pension Fund of Finland has informed Outokumpu that it will not use its nomination right, the right transfers to Elo Mutual Pension Insurance Company as the next largest shareholder registered in the shareholder register. The shareholders have appointed the following representatives to the Nomination Board:

• Antti Mäkinen, Managing Director at Solidium Oy
• Outi Antila, Director General at The Social Insurance Institution of Finland 
• Jouko Pölönen, President and CEO at Ilmarinen Mutual Pension Insurance Company
• Satu Huber, Chief Executive Officer at Elo Mutual Pension Insurance Company

The Nomination Board will submit its proposals to Outokumpu’s Board of Directors on January 31, 2021 at the latest.

For more information:

Reeta Kaukiainen, EVP – Communications and IR, tel. +358 50 522 0924

Outokumpu Oyj



Outokumpu is the global leader in stainless steel. We aim to be the best value creator in stainless steel by 2020, through our competitive edge of customer orientation and efficiency. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com