Uponor Board organisation and roles

Uponor Corporation	  Stock exchange release  	10 March 2016	  17:25 EET

Uponor Board organisation and roles

The Board of Directors elected Jorma Eloranta as Chair and Annika Paasikivi as Deputy Chair of the Board subsequent to the AGM held earlier today. 

The Board resolved to establish Audit Committee and a Personnel and Remuneration Committee. The committee charters are described on the company’s website at http://investors.uponor.com > Governance > Corporate governance > Board committees.

With regards to the Personnel and Remuneration Committee, Uponor does not comply with the Finnish Corporate Governance Code 2015, which recommends that a Board committee should consist of three members. Uponor considers that sufficient expertise for the Personnel and Remuneration Committee is secured with two members. The Committee acts as a preparatory and assisting body for the Board of Directors, and all essential matters relating to remuneration shall be dealt by the Board of Directors. Furthermore, the Committee may also obtain views from outside of the Committee. 

Composition of the committees is the following:

Audit Committee:
Timo Ihamuotila (chair)
Markus Lengauer
Annika Paasikivi
Jari Rosendal

Personnel and Remuneration Committee:
Jorma Eloranta (chair)
Annika Paasikivi


Further information:
Reetta Härkki
General Counsel
Tel. +358 20 129 2835


Uponor Corporation 

Tarmo Anttila
Vice President, Communications
Tel. +358 20 129 2852


Nasdaq Helsinki


Uponor is a leading international systems and solutions provider for safe drinking water delivery, energy-efficient radiant heating and cooling and reliable infrastructure. The company serves a variety of building markets including residential, commercial, industrial and civil engineering. Uponor employs about 3,700 employees in 30 countries, mainly in Europe and North America. In 2015, Uponor's net sales totalled €1,050 million. Uponor is based in Finland and listed on Nasdaq Helsinki. www.uponor.com