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New members elected to the Posti Group´s Board of Directors: Anna Martinkari and Minna Pajumaa – Markku Pohjola continues as Chair

25.03.2019

Posti Group Corporation's Annual General Meeting was held in Helsinki on March 25, 2019. In line with the Board of Directors' proposal, the Annual General Meeting decided to distribute a dividend of EUR 28.4 million based on the result in 2018.

The meeting adopted the 2018 financial statements and discharged the members of the Supervisory Board, Board of Directors and President and CEO from liability.

Board of Directors

Annual General Meeting decided that the following persons will continue as members of the Board of Directors:

  • Sc. (Econ.) Markku Pohjola

  • Managing Director Suvi-Anne Siimes

  • Sc. (Econ.) Eero Hautaniemi

  • Board Professional Frank Marthaler

  • Board Professional Per Sjödell

  • Board Professional Arja Talma

  • National Chief Shop Steward Pertti Miettinen as an employee representative* (*pilot started in 2018)

Senior Financial Specialist Marja Pokela and Petri Järvinen informed that they are not available for re-election in the Board of Directors. The following persons were elected as new members of the Board of Directors.

  • Head of Digital Anna Martinkari

  • Senior Financial Counsellor Minna Pajumaa

Markku Pohjola was elected as the Chair of the Board of Directors and Suvi-Anne Siimes as the Deputy Chair.

- Posti and whole postal and media industry are undergoing more severe transformation than ever before in history. Due to strong decline in mail volumes Posti needs to drive a major restructuring and reduce costs by EUR 150–200 million over the next three years. In accordance with the strategy Posti will now focus on core businesses, which are postal services, parcel, eCommerce and logistics. We have successfully managed to sharpen our portfolio by acquisition of Transvall, significant operator of in-house logistics and in the other hand, by divesting our subsidiary, OpusCapita Solution. On behalf of the Board, I would like to thank all our customers for their trust and our employees for their good work, says Markku Pohjola.

The Board of Directors resolved to organize its work as follows:

  • Audit Committee members are Arja Talma (Chair), Eero Hautaniemi, Frank Marthaler and Minna Pajumaa.

  • Personnel Committee members are Markku Pohjola (Chair), Suvi-Anne Siimes, Per Sjödell and Anna Martinkari.

Supervisory Board

Annual General Meeting decided that the following persons will continue as members of the Supervisory Board:

  • Maria Guzenina, MP, Social Democratic Party

  • Kari Kulmala, MP, Blue Reform

  • Rami Lehto, MP, Finns Party

  • Eeva-Maria Maijala, MP, Centre Party

  • Silvia Modig, MP, Left Alliance

  • Mats Nylund, MP, Swedish People's Party of Finland

  • Juha Pylväs, MP, Centre Party

  • Sari Raassina, MP, National Coalition Party

  • Markku Rossi, MP, Centre Party

  • Satu Taavitsainen, MP, Social Democratic Party

  • Jani Toivola, MP, The Greens of Finland

  • Juhana Vartiainen, MP, National Coalition Party

Markku Rossi was re-elected as the Chair of the Supervisory Board and Jani Toivola as the Deputy Chair of the Supervisory Board. Auditor

PricewaterhouseCoopers Oy (PwC), a firm of authorized public accountants, was elected as Posti Group Corporation's auditor, with Authorized Public Accountant Mikko Nieminen as the principal auditor.

Board of Directors’ and Supervisory Board’s fees The fees of the members of the Board of Directors and Supervisory Board remained unchanged. Members of the Board of Directors receive a monthly remuneration and a meeting fee, and the meeting fee will be paid in double for the non-Finnish Board members. No Board remuneration be paid for the member of the Board of Directors employed by Posti Group.

Members of the Supervisory Board receive a meeting fee.