OUTOTEC OYJ STOCK EXCHANGE RELEASE, NOVEMBER 30, 2010 AT 09.00 AM
Outotec's Board of Directors establishes a Human Capital Committee
Outotec's Board of Directors has decided to establish a Human Capital Committee and elected Carl-Gustaf Bergström, Chairman of the Board, as Chairman of the Committee. Other members are Karri Kaitue and Tapani Järvinen.
The Board of Directors wants to underline the importance of human capital development and management for a high technology company such as Outotec with world-class knowledge and expertise. The Human Capital Committee is charged with duties relating to human capital policies and procedures, employee benefit plans and compensation as well as remuneration of the CEO and other executives. The Committee will also prepare matters pertaining to the appointment of the CEO and his/her possible deputy and other executives as well as the identification of their successors.
The Board Human Capital Committee shall not administer duties and tasks belonging to nomination committees according to prevailing Governance Code recommendations. Outotec's Board of Directors in its entirety assumes the duties of the Nomination Committee.
For further information please contact:
Pertti Korhonen, President and CEO
tel. +358 20 529 211
Eila Paatela, Director - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198
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