Uponor Board organisation and roles

Uponor Corporation     Stock exchange release     16 March 2020     16:20 EET

Uponor Board organisation and roles

Uponor Corporation’s Annual General Meeting held earlier today elected Annika Paasikivi as Chair of the Board. In its organising meeting, the Board of Directors elected Markus Lengauer as Deputy Chair of the Board.

The Board resolved to establish an Audit Committee and a Personnel and Remuneration Committee. The committee charters are described on Uponor’s investor website at https://investors.uponor.com/governance/corporate-governance/board-committees.

With regards to the Personnel and Remuneration Committee, Uponor does not comply with recommendation 15 of the Finnish Corporate Governance Code 2020, 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:
Pia Aaltonen-Forsell (chair)
Markus Lengauer
Michael G. Marchi

Personnel and Remuneration Committee:
Annika Paasikivi (chair)
Casimir Lindholm

Further information:

Uponor Corporation

Reetta Härkki
General Counsel
Tel. +358 20 129 2835

Susanna Inkinen
Vice President, Communications and Corporate Responsibility
Tel. +358 20 129 2081

Nasdaq Helsinki

Uponor in brief
Uponor is rethinking water for future generations. Our offering, including safe drinking water delivery, energy-efficient radiant heating and cooling and reliable infrastructure, enables a more sustainable living environment. We help our customers in residential and commercial construction, municipalities and utilities, as well as different industries to work faster and smarter. Uponor employs about 3,800 professionals in 26 countries in Europe and North America. In 2019, Uponor's net sales totalled approximately €1.1 billion. Uponor Corporation is based in Finland and listed on Nasdaq Helsinki. www.uponor.com