Amer Sports Nomination Committee's proposal for composition of board, and Audit Committee's proposal for auditors
2006-02-10, 14:42
Amer Sports Corporations Nomination Committee proposes to forthcoming Annual General Meeting, to be held on March 15, 2006, that six members to be elected to the Board of Directors
The Nomination Committee proposes that Mr Ilkka Brotherus, Mr Felix Björklund, Mr Tuomo Lähdesmäki, Mr Timo Maasilta, Mr Anssi Vanjoki and Mr Roger Talermo (President and CEO) be re-elected for another term of office. Of the six members for the term of office, one was the Amer Sports' President and the other five members were non-executive expert members who were not in the company's employ.
Mr Pekka Kainulainen, who has served on the Board from 1985, did not wish to be considered for re-election. Amer Sports extend its gratitude to Mr Kainulainen for his significant contribution in developing the company both as long-term Chairman of the Board and as member of the Board.
The Nomination Committee proposes that the yearly fees of the Board members, the Chairman and the Vice-Chairman remain unchanged so that the following fees be paid: EUR 50,000 for the Chairman of the Board, EUR 40,000 for the Vice Chairman, and EUR 30,000 for Board Members. 40% of the annual remuneration is being paid in the form of the Company's shares and 60% in cash.
The term of the Board ends at the next Annual General Meeting. Senior Vice President & CFO and Treasury, Mr Pekka Paalanne will continue as secretary to the Board.
The biographies of the Board of Directors are set out in detail on the Company's website at www.amersports.com.
AUDIT COMMITTEE'S PROPOSAL FOR AUDITORS
Amer Sports Corporations Audit Committee proposes to the Annual General Meeting on March 15, 2006 that the Authorised Public Accountants PricewaterhouseCoopers Oy to be elected to act as an auditor of the Company. The proposed auditor in charge of the audit is Mr Göran Lindell, Authorised Public Accountant.
Amer Sports' Board of Directors will include the proposal in the Company's notice of Annual General Meeting, which will be published shortly.
MEMBERS OF NOMINATIONS COMMITTEE AND AUDIT COMMITTEE
The Nomination Committee comprises Felix Björklund (Committee Chairman), Ilkka Brotherus and Timo Maasilta.
The Audit Committee comprises Tuomo Lähdesmäki (Committee Chairman), Ilkka Brotherus and Timo Maasilta.
The Nomination Committee proposes that Mr Ilkka Brotherus, Mr Felix Björklund, Mr Tuomo Lähdesmäki, Mr Timo Maasilta, Mr Anssi Vanjoki and Mr Roger Talermo (President and CEO) be re-elected for another term of office. Of the six members for the term of office, one was the Amer Sports' President and the other five members were non-executive expert members who were not in the company's employ.
Mr Pekka Kainulainen, who has served on the Board from 1985, did not wish to be considered for re-election. Amer Sports extend its gratitude to Mr Kainulainen for his significant contribution in developing the company both as long-term Chairman of the Board and as member of the Board.
The Nomination Committee proposes that the yearly fees of the Board members, the Chairman and the Vice-Chairman remain unchanged so that the following fees be paid: EUR 50,000 for the Chairman of the Board, EUR 40,000 for the Vice Chairman, and EUR 30,000 for Board Members. 40% of the annual remuneration is being paid in the form of the Company's shares and 60% in cash.
The term of the Board ends at the next Annual General Meeting. Senior Vice President & CFO and Treasury, Mr Pekka Paalanne will continue as secretary to the Board.
The biographies of the Board of Directors are set out in detail on the Company's website at www.amersports.com.
AUDIT COMMITTEE'S PROPOSAL FOR AUDITORS
Amer Sports Corporations Audit Committee proposes to the Annual General Meeting on March 15, 2006 that the Authorised Public Accountants PricewaterhouseCoopers Oy to be elected to act as an auditor of the Company. The proposed auditor in charge of the audit is Mr Göran Lindell, Authorised Public Accountant.
Amer Sports' Board of Directors will include the proposal in the Company's notice of Annual General Meeting, which will be published shortly.
MEMBERS OF NOMINATIONS COMMITTEE AND AUDIT COMMITTEE
The Nomination Committee comprises Felix Björklund (Committee Chairman), Ilkka Brotherus and Timo Maasilta.
The Audit Committee comprises Tuomo Lähdesmäki (Committee Chairman), Ilkka Brotherus and Timo Maasilta.