Proposals by the Shareholders' Nomination Board
The Nomination Board has given its propals to the Annual General Meeting, and Outokumpu has published them as a stock exchange release on January 19, 2026. The Nomination Board proposes that the current members of the Board of Directors Hilde Merete Aasheim, Heinz Jörg Fuhrmann, Olavi Huhtala, Kari Jordan, Päivi Luostarinen, Jyrki Mäki-Kala, Petter Söderström and Julia Woodhouse would be re-elected, and that Timo Ritakallio and Jenni Lukander would be elected as new members, all for the term of office ending at the end of the next Annual General Meeting. The Nomination Board also proposes that Kari Jordan would be re-elected as the Chairman and Timo Ritakallio elected as the Vice Chairman of the Board of Directors. The Nomination Board has considered the composition of the Board of Directors as to its overall structure as well as the individual members’ versatile and mutually complementary professional expertise and experience as well as succession planning needs of the Board. The Nomination Board therefore proposes that the Board of Directors is elected as a whole, not each Board member individually.
The Shareholders’ Nomination Board proposes that the annual remuneration of the Board of Directors would be kept at the same level as during the previous term, and also that the meeting fees, which would be paid also for the Board Committee meetings, will remain unchanged.
The charter of the Shareholders’ Nomination Board, adopted by the Annual General Meeting, regulates the nomination and composition, and defines the tasks and duties of the Nomination Board. The Nomination Board proposes that the largest shareholders of the Company would be determined on the basis of the ownership situation in the shareholders’ register on the “first business day of June” instead of the “first business day of August” of each year.
Further information on the proposals can be found in the Annual General Meeting materials below.
Shareholders’ proposals for matters to the agenda of the annual general meeting
Outokumpu’s Annual General Meeting is planned to be held on Thursday, March 26, 2026.
A shareholder has the right to request on the agenda of the annual general meeting an item that falls within the competence of the general meeting by virtue of the Finnish Companies Act, provided that the shareholder demands so in writing from the Board of Directors, well in advance of the meeting, so that the item can be added in the notice of the annual general meeting. Such requests must be submitted to Outokumpu Board of Directors by January 16, 2026, either by mail to AGM / Outokumpu Corporation, P.O. Box 245, 00181 Helsinki, Finland or by email to agm@outokumpu.com.