Resolutions of Huhtamäki Oyj's Annual General Meeting of Shareholders
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 20.4.2011 AT 15:15
Huhtamäki Oyj's Annual General Meeting of Shareholders was held in Helsinki on April 20, 2011. The meeting adopted the Company's Annual Accounts and the Consolidated Annual Accounts for 2010 and discharged the members of the Company's Board of Directors and the CEO from liability.
Dividend for 2010 was set at EUR 0.44 per share, as proposed by the Board of Directors. The dividend will be paid on May 4, 2011 to a shareholder who on the record date April 27, 2011 is registered as a shareholder in the Company's shareholders' register maintained by Euroclear Finland Ltd.
Composition of the Board of Directors
Eight (8) members of the Board of Directors were elected for a term which lasts until the end of the Annual General Meeting following the election. To the Board of Directors were re-elected Ms. Eija Ailasmaa, Mr. William R. Barker, Mr. George V. Bayly, Mr. Rolf Börjesson, Ms. Siaou-Sze Lien, Mr. Mikael Lilius and Mr. Jukka Suominen. Ms. Sandra Turner was elected as a new member of the Board of Directors.
The Board of Directors convened immediately after the Annual General Meeting and elected Mr. Mikael Lilius as Chairman of the Board and Mr. Jukka Suominen as Vice-Chairman of the Board.
Remuneration of the members of the Board of Directors
The Annual General Meeting confirmed the following annual remuneration for the members of the Board of Directors: for the Chairman EUR 100,000, for the Vice-Chairman EUR 60,000 and for the other members EUR 50,000. In addition, a meeting fee of EUR 600 per meeting shall be paid to all members for the Board and Board Committee meetings they attend. Traveling expenses shall be compensated in accordance with the Company policy. In addition, the Chairman of the Board of Directors was granted a mobile phone benefit.
The Authorized Public Accountant firm Ernst & Young Oy was elected as Auditor of the Company. Mr. Harri Pärssinen, APA, shall be the Auditor with principal responsibility.
Mr. Pekka Merilampi, lagman, chaired the meeting.
The minutes of the Annual General Meeting will be available on the Company's website at www.huhtamaki.com as from May 4, 2011.
For further information, please contact:
Mr. Juha Salonen, Senior Vice President, Administration and General Counsel, Tel. +358 (0)10 686 7851
Huhtamaki Group is a leading manufacturer of consumer and specialty packaging with 2010 net sales totaling EUR 2 billion. Foodservice and consumer goods markets are served by approximately 12,000 people in 53 manufacturing units and several sales offices in 31 countries. The parent company, Huhtamäki Oyj, has its head office in Espoo, Finland and its share is quoted on the NASDAQ OMX Helsinki Ltd. Additional information is available at www.huhtamaki.com.