Wetteri Oyj: Proposals of the Shareholders' Nomination Committee to the Annual General Meeting of Wetteri Plc
Wetteri Plc
Stock Exchange Release
10 April 2026 at 3 p.m.
Proposals of the Shareholders' Nomination Committee to the Annual General Meeting of Wetteri Plc
Wetteri Plc's Shareholders' Nomination Committee has submitted its proposals to the Board of Directors of the Company for the Annual General Meeting to be held in 2026. The proposals will also be included in the notice of the 2026 Annual General Meeting.
Number of the Board of Directors
The Shareholders' Nomination Committee proposes to the Annual General Meeting that the Company's Board of Directors to have five (5) members.
Composition of the Board of Directors
The Shareholders' Nomination Committee proposes that Aarne Simula and Satu Mehtälä be re-elected as members of the Board of Directors, and that Mika Aho, Minna Kurunsaari and Jarmo Rankinen be elected as new members of the Board of Directors. The Board members would be elected for a term of office commencing at the Annual General Meeting 2026 and ending at the close of the Annual General Meeting 2027. All proposed Board members have given their consent to the position. Of the current Board members, Hannu Pärssinen, Mikael Malmsten and Martti Haapala are no longer available for re-election.
The Shareholders' Nomination Committee has assessed the independence of the proposed Board members regarding the Company and its significant shareholders. According to the assessment of the Nomination Committee, four of the five proposed Board members are independent of the Company and its significant shareholders. Aarne Simula is not independent of the Company or its significant shareholders.
Further information on the proposed Board members is available on the Company's website at
www.sijoittajat.wetteri.fi/en/governance/board-of-directors/.
The Shareholders' Nomination Committee considers that the proposed Board of Directors, as a collective body, has the required expertise and experience particularly with respect to the Company's business, industry, strategy, development stage and the management of a stock-listed company of a comparable size. In the recruitment process for Board candidates, the Nomination Committee emphasized predefined areas of competence and conducted a comprehensive candidate search, during which several candidates were interviewed. Following its overall assessment, the Nomination Committee concluded that the proposed members together form a Board that best meets the competence and expertise requirements necessary for implementing the Company's strategy, developing its business and increasing shareholder value.
Chair and Vice chairman of the Board of Directors
The Shareholders' Nomination Committee proposes that Aarne Simula be elected Chair of the Board of Directors and that Satu Mehtälä be elected Vice chairman of the Board of Directors.
Remuneration of the Members of the Board of Directors
The Shareholders' Nomination Committee proposes that each ordinary member of the Board of Directors be paid a fee of EUR 3,500 per month, and that the Chair of the Board be paid a fee of EUR 6,000 per month. No separate meeting fees would be paid. Travelling expenses of the Board members are proposed to be reimbursed in accordance with the Company's travel policy. The Chairs of the Board committees are proposed to be paid a meeting-specific fee of EUR 500 and committee members a meeting-specific fee of EUR 300.
Composition of the Shareholders' Nomination Committee
The Shareholders' Nomination Committee of Wetteri Plc comprises the Company's three largest shareholders: Simula Invest Oy, PM Ruukki Oy and Oy Haapalandia Invest Ltd. Simula Invest Oy has appointed Aarne Simula as its representative, PM Ruukki Oy has appointed Markku Kankaala, and Oy Haapalandia Invest Ltd has appointed Martti Haapala. Aarne Simula acts as Chair of the Nomination Committee.
WETTERI PLC
Maria Halttunen, CFO
Tel. +358 50 325 4370
maria.halttunen@wetteri.fi
For further information:
Aarne Simula
Chair of the Shareholders' Nomination Committee
Tel. +358 40 068 9613
aarne.simula@wetteri.fi
Wetteri Plc - A car dealership from the north, across Finland
Wetteri Plc is a full-service car dealership with more than 60 years of history in the Finnish car market. Its business consists of three segments: passenger cars, maintenance services and heavy equipment. The company has grown from a local car dealership in Oulu into a national operator with 19 locations in Finland. Wetteri employs approximately 800 automotive professionals. Our goal is to deliver unrivalled car trade services and to be an excellent partner for our customers throughout the entire car driving cycle. We are a key player in the Finnish car market on the journey towards zero-emission driving. More information: sijoittajat.wetteri.fi/en/.
Distribution:
Nasdaq Helsinki
Key media
www.sijoittajat.wetteri.fi/en/