As announced in notice to the Extraordinary General Meeting of Konecranes Plc on July 15, 2016, the Nomination and Compensation Committee of the Board of Directors proposes to the General Meeting to be held on September 15, 2016, that two new members of the Board of Directors be elected for a term of office ending at the closing of the Annual General Meeting in 2017.
The Committee proposes that Ms. Janina Kugel and Mr. Ulf Liljedahl be elected as new members of the Board.
M.Sc. (Econ.) Janina Kugel, b. 1970, has been Chief Human Resources Officer and Member of the Managing Board of Siemens AG since 2015. Ms. Kugel joined Siemens in 2001 and has held various executive positions in human resource management and business development in Germany, Italy and China. In 2012-2013, she was Chief Human Resources Officer of OSRAM.
B.Sc. (Econ.) Ulf Lijedahl, b. 1965, has been the President and CEO of Volito AB since 2015. Mr. Liljedahl has extensive experience from executive positions in finance and general management from Husqvarna, Cardo and Alfa Laval.
Both candidates are independent of both the company and its major shareholders.
The Committee’s aim is to see to that the number of the directors and the composition of the board shall make it possible for the Board to discharge its duties in an efficient manner. The composition shall take into account the needs of the company’s operations and the development stage of the company.
CVs of the proposed Board members are available in the Appendix.
Both candidates have given their consent to the election.
KONECRANES PLC
Miikka Kinnunen
Director, Investor Relations
FURTHER INFORMATION
Miikka Kinnunen, Director, Investor Relations tel. +358 (0)20 427 2050
Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity-enhancing lifting solutions as well as services for lifting equipment and machine tools of all makes. In 2015, Group sales totaled EUR 2,126 million. The Group has 11,400 employees at 600 locations in 48 countries. Konecranes is listed on Nasdaq Helsinki (symbol: KCR1V).
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Nasdaq Helsinki
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www.konecranes.com
APPENDIX: CURRICULUM VITAES OF THE PROPOSED BOARD MEMBERS
Janina Kugel
b. 1970
M.Sc. (Econ.)
Principal occupation: Chief Human Resources Officer and Member of the Managing Board, Siemens AG, Germany, since 2015
Primary working experience: Siemens AG, Germany 2013–2015: Corporate Vice President, Human Resources; OSRAM, Germany 2012–2013: Chief Human Resources Officer; Siemens SpA, Italy 2009–2012: Director, Human Resources; Siemens AG, Germany 2005–2009: Director, Corporate Development Executive; Siemens AG, Germany 2001–2004: Director, Strategy and Business Transformation; Accenture, Germany 1997 – 2000: Management Consultant
Current key positions of trust: -
Shares: -
Janina Kugel is independent of both the company and its significant shareholders.
Ulf Liljedahl
b. 1965
B.Sc. (Econ. and Business Administration)
Principal occupation: President and CEO, Volito AB, Sweden, since 2015
Primary working experience: Husqvarna AB, Sweden 2011–2015: Senior Vice President and CFO; Cardo AB, Sweden 2007-2011: Executive Vice President and CFO; Alfa Laval 1992–2007: various financial and general management positions in Sweden, Denmark and South Africa
Current key positions of trust: Bulten AB, Sweden 2015-: Chairman of the Board; Peab AB, Sweden 2015-: Chairman of the External Nomination Committee
Shares: -
Ulf Liljedahl is independent of both the company and its significant shareholders.