Inderes Oyj's Shareholders’ Nomination and Remuneration Committee’s proposals to the Annual General Meeting 2025 – the Board is strengthened with international expertise
Inderes Oyj,
Company announcement 17 January 2025 at 10:00 am EET
Inderes Oyj's Shareholders’ Nomination and Remuneration Committee’s proposals to the Annual General Meeting 2025 – the Board is strengthened with international expertise
Inderes Oyj's Shareholders’ Nomination and Remuneration Committee will propose the following to the Annual General Meeting to be held on April 10, 2025. The proposals will be included in the notice to the General Meeting to be published at a later date.
Summary and background of changes in the composition of the Board of Directors
In the proposal, Hanna Raftell (born 1971, Swedish citizen, BA in Political Science, Economics), who has a convincing global background in banking, finance and managerial positions in start-ups and growth companies, would be elected as a new Member of the Board.
“Inderes has entered a new development phase, and with it the Board is being renewed and internationalizing. I'm excited about how good a team we have again been able to put together,” comments Juha Kinnunen, Chairperson of the Nomination Committee.
At the same time, Kaj Hagros has announced that he will leave the Board after serving on it for 12 years, including 9 years as the Chairperson. The Nomination Committee proposes that the Board of Directors elect Joakim Frimodig as the new Chairperson from among its members.
“I have been working with Kaj since Inderes’ revenue was EUR 0.4 million. Kaj has always seen potential in us that we didn’t even know existed in ourselves. He has helped us to find it. Supported us when we have messed up. Guided towards the right strategic choices at critical crossroads. Pushed us toward higher ambition. He has done this while maintaining a casual approach and playfulness in the work. Without Kaj’s expertise and input, Inderes in its current form would not exist,” says Mikael Rautanen, CEO of Inderes.
“At the same time, I look very much forward to working with Joakim and the new Board,” Rautanen continues.
Proposal for the number of Board members, and the members and chairperson of the Board
Inderes Oyj's Shareholders’ Nomination and Remuneration Committee proposes to the Annual General Meeting that five (5) members be elected to the Board of Directors. The Committee proposes to the Annual General Meeting that current members Joakim Frimodig, Nina Källström, Helena Norrman and Tero Weckroth be re-elected to the Board of Directors, and Hanna Raftell be elected as a new Member. The Committee proposes that the shareholders vote on the proposal regarding the election of the members of the Board of Directors as a whole at the Annual General Meeting.
Hanna Raftell (born 1971, Swedish citizen, BA in Political Science, Economics) has acted as Partner & Advisor at Sagewise Konsult AB since 2023. Sagewise provides investment, strategic advisory, international growth, business development, and C-suite services at board and management level. She is also a Member of the Board of Directors at Econans since 2023 and Chairperson of the Board of Directors at Acuminor since 2022.
Hanna brings extensive international experience, having lived and worked in London and Hong Kong (20 years), as well as a robust background in banking, finance, and leadership roles across start-ups and growth companies. Hanna’s previous board experience, combined with her strong focus on developing businesses, driving sales, and fostering commercial growth, positions her as a strategic asset to Inderes. Her proven ability to guide businesses through pivotal stages of development will play a key role in supporting the company’s vision and goals.
All of the proposed Board members are assessed to be independent of the company and its significant shareholders. All candidates have given their consent to the position.
The CVs of the new Board members are attached to this release and available at https://group.inderes.fi/en/investors/corporate_governance/annual_general_meeting_2025
Of the current Board members, Kaj Hagros has announced that he is no longer available for re-election.
The Shareholders’ Nomination and Remuneration Committee proposes that the members of the Board of Directors elect Joakim Frimodig as Chairperson of the Board.
Proposal for remuneration of Board members
The Committee proposes to the Annual General Meeting that the Chairperson of the Board of Directors be paid a fee of EUR 3,000 (2024: 2,500) per month and EUR 1,500 (2024: 1,250) per month to other Board members.
Composition of the Shareholders’ Nomination and Remuneration Committee
Inderes Oyj's Shareholders’ Nomination and Remuneration Board is responsible for preparing and presenting to the General Meeting proposals concerning the number, election, and remuneration of the members of the Board of Directors. Committee The duties, composition and activities of the Committee are set forth in its Rules of Procedure. Its members are the company's three largest shareholders, Sauli Vilén, Juha Kinnunen and Mikael Rautanen, employee representative Jenny Cederqvist, and Matti Ranta, a member of the Inderes community elected by the Annual General Meeting in 2023.
Electing a Community Member to the Shareholders’ Nomination and Remuneration Committee
According to the rules of procedure of the Nomination and Remuneration Committee of Inderes Oyj, the Nomination and Remuneration Committee has at least three and at most six members. According to the rules of procedure, one of the members of the Committee is a Community Member and the Committee chooses the appropriate selection process.
The Committee proposes that the Community Member again be elected to the Committee by vote at Inderes' Annual General Meeting on April 10, 2025. The term of the Community Member would last until the next Community Member of the Committee is elected. Each Inderes Oyj owner has one vote in the Annual General Meeting – one vote per shareholder. The candidates will be presented in the notice of the Annual General Meeting, in which a maximum of three members of the community can be nominated as candidates.
Contact information:
Mikael Rautanen
CEO, Inderes Oyj
mikael.rautanen@inderes.fi
tel. +358 50 346 0321
Certified Adviser:
Sisu Partners Oy
Jori-Pekka Rautalahti
jori-pekka.rautalahti@sisupartners.com
tel. +358 50 382 9323
Juha Karttunen
juha.karttunen@sisupartners.com
tel. +358 40 555 4727
Inderes in brief
Inderes is a Nordic investor media connecting investors and listed companies. We provide in-depth equity research and investor relations solutions to help over 400 listed companies better serve the Nordic investor community. Inderes operates in Sweden, Finland, Denmark, and Norway and is listed on Nasdaq First North Growth Market. Read more: https://group.inderes.com/en/