Composition of Metso Outotec’s Shareholders' Nomination Board

The largest shareholders of Metso Outotec, who will nominate the members of the Shareholders’ Nomination Board in 2020, will be determined as at the registration date of the completion of Metso’s partial demerger based on the shareholders register of July 1, 2020.

Metso Outotec’s four largest registered shareholders were Solidium (14.9% of shares and votes), Cevian Capital Partners (8.5% of shares and votes), Ilmarinen Mutual Pension Insurance Company (2.7% of shares and votes) and Varma Mutual Pension Insurance Company (2.6% of shares and votes). These shareholders have nominated the following members to the Shareholders' Nomination Board:

• Annareetta Lumme-Timonen, Investment Director, Solidium
• Niko Pakalén, Partner, Cevian Capital Partners Ltd
• Mikko Mursula, Deputy CEO, Ilmarinen
• Risto Murto, President & CEO, Varma

Mikael Lilius, Chair of Metso Outotec's Board of Directors, will serve as the Shareholders’ Nomination Board's expert member. The Shareholders’ Nomination Board should provide its proposals relating to the composition of the Board and Board remuneration to the Metso Outotec Board of Directors on January 31, 2021, at the latest.

Further information, please contact:

Nina Kiviranta, General Counsel, tel. +358 20 529 2017

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing, metals refining and recycling industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. 

Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its illustrative combined sales for 2019 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, www.metso.com/twitter/