Outokumpu – The composition of the Shareholders’ Nomination Board

Outokumpu – The composition of the Shareholders’ Nomination Board

Outokumpu Corporation’s Shareholders’ Nomination Board has been established to annually prepare proposals to the General Meeting for the election and remuneration of the members of the Board of Directors. The Nomination Board consists of five members – four represent the company’s largest shareholders and the Chairman of the Board of Directors acts as the fifth member of the Nomination Board. The largest shareholders are determined on the basis of the shareholder register of the company according to the ownership situation on the first business day of August each year.

On August 1, 2025, the four largest shareholders of Outokumpu were Solidium Oy, Varma Mutual Pension Insurance Company, Ilmarinen Mutual Pension Insurance Company, and the State Pension Fund of Finland. As the State Pension Fund of Finland has informed Outokumpu that it will not use its nomination right, the right transfers to the Social Insurance Institution of Finland. The shareholders have appointed the following representatives to the Nomination Board:

• Matts Rosenberg, incoming CEO of Solidium Oy
• Pekka Pajamo, Senior Vice-President, CFO, Finance and Internal Services of Varma Mutual Pension Insurance Company
• Esko Torsti, Head of Alternative Investments of Ilmarinen Mutual Pension Insurance Company
• Lasse Lehtonen, Director General of the Social Insurance Institution of Finland 

Kari Jordan, Chairman of the Board of Directors of Outokumpu, acts as a fifth member of the Nomination Board. The Nomination Board will submit its proposals to Outokumpu’s Board of Directors on January 31, 2026, at the latest. Outokumpu will publish the proposals of the Nomination Board in a release and include them in the notice to the Annual General Meeting.

More information on the Nomination Board is available on our website.

For more information:

Investors: Ulla Paajanen, SVP, IR and Strategic Advisory, tel. +358 40 763 8767 
Media desk, tel. +358 40 351 9840, e-mail: media(at)outokumpu.com 

Outokumpu Corporation