CENCORP CORPORATION STOCK EXCHANGE RELEASE April 23, 2014 at 17.25 Finnish time
SAVCOR GROUP´S PROPOSALS TO THE ANNUAL GENERAL MEETING OF CENCORP
Cencorp´s shareholder Savcor Group Oy, which represents approx. 40,6 percent of the share capital of Cencorp has informed it will propose to the annual general meeting, to be held on April 25, 2014 that 4 members will be elected to the board of directors of Cencorp. MSc (economics) Sauli Kiuru will be elected as new board member. Ma (education) Marjukka Karttunen, Industrial Counsellor Hannu Savisalo and CEO Iikka Savisalo will continue as board members.
MSc (economics) Sauli Kiuru (b. 1972) who is proposed as new board member, works as Chairman of the Board of Gaselli Capital Oy and CEO of Siesta Group Oy. Previously Mr. Kiuru has been working as CFO and board member of Barona Group Oy, as auditor in KPMG and as secretary of the Auditor´s Committee of Finnish Central Chamber of Commerce. Mr. Kiuru has wide experience concerning board work in growth companies. Sauli Kiuru is the chairman of the board of Siesta Group Oy, BiiSafe Oy and Stata Oy. He has been board member of Cencorp previously in years 2006 – 2008. Gaselli Capital Oy which is controlled by Mr. Kiuru owns 95,000,000 Cencorp shares, which represents approx. 11.1 percent of the share capital of Cencorp.
Savcor Group Oy has informed it will propose to the annual general meeting that payments to the board members will stay in same level as previous year. 40.000 euros per year will be paid to the chairman and vice chairman of the board and 30.000 euros per year to the board members. Travel expenses will be paid in accordance of Cencorp´s travelling policy.
Annual general meeting of Cencorp will be held in Mikkeli at April 25, 2014.
In Mikkeli, April 23, 2014
CENCORP CORPORATION
For more information: Iikka Savisalo, President and CEO, Cencorp Oyj
Tel. +358 40 521 6082, Email: iikka.savisalo@cencorp.com
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www.cencorp.com
Cencorp Corporation is a leading provider of industrial automation solutions. The equipment in the product portfolio include, automated applications of odd-form assembly and depaneling for the electronic boards, testing equipment and advanced materials processing by laser. All Cencorp's offering improves the efficiency of the customers' production. Cencorp has clean technology, especially photovoltaic (PV) solutions as its other business segment. Cencorp now offers its automated manufacturing technology of the PV modules, manufactures and sells photovoltaic modules, based on Cencorp´s own technology as well as key components of photovoltaic modules. The product range also includes EMI shielding solutions, RFID antennas, other flexible circuits including for example conductive back sheets used in photovoltaic modules and mobile phone antennas. Cencorp's head office is located in Mikkeli, Finland. The company is part of the Finnish Savcor Group.