The Board of Directors of Valmet Oyj, Finland, has held its organizing meeting after the Annual General Meeting 2017. The board noted that all board members are independent of the company. With the exception of Aaro Cantell, all other board members are independent of the company's significant shareholders. 

Valmet's definition of board members' independence complies with the Finnish Corporate Governance Code.

 

In its organizing meeting, the Board of Directors of Valmet Oyj has elected the members of the Audit Committee and the Remuneration and HR Committee from among its members.

The members of the Audit Committee are Lone Fønss Schrøder (chairman), Eriikka Söderström, and Tarja Tyni. Members of the Remuneration and HR Committee are Bo Risberg (chairman), Aaro Cantell, and Jouko Karvinen.

Eija Lahti-Jäntti will participate in the meetings of Valmet's Board of Directors as the personnel representative elected by Valmet's personnel groups in Finland. She will participate in the meetings of Valmet's Board of Directors as an invited expert, and her term of office is the same as the board members' term.