Decisions taken by the Annual General Meeting
Wärtsilä’s Annual General Meeting, held on 6 March 2014, approved the financial statements and discharged the members of the Board of Directors and the company’s President & CEO from liability for the financial year 2013. The Meeting approved the Board of Directors’ proposal to pay a dividend of EUR 1.05 per share. The dividend was paid on 18 March 2014.
The Annual General Meeting decided that the Board of Directors has nine members. The following were elected to the Board: M.Sc. (Techn), MBA Maarit Aarni-Sirviö, Managing Director Kaj-Gustaf Bergh, M.Sc. (Eng) Sune Carlsson, M.Sc. (Econ), MBA Alexander Ehrnrooth, M.Sc. (Econ) Paul Ehrnrooth, B.Sc. (Econ) Mikael Lilius, Managing Director Risto Murto, Executive Vice President Gunilla Nordström and Executive Vice President Markus Rauramo.
The firm of public auditors KPMG Oy Ab was appointed as the company’s auditor for the year 2014.
Authorisation to repurchase and distribute the Company’s own shares
The Board of Directors was authorised to resolve to repurchase a maximum of 19,000,000 of the Company’s own shares. The authorisation to repurchase the Company’s own shares shall be valid until the close of the next Annual General Meeting, however for no longer than 18 months from the authorisation.
The Board of Directors was authorised to resolve to distribute a maximum of 19,000,000 of the Company’s own shares. The authorisation for the Board of Directors to distribute the Company’s own shares shall be valid for three years from the authorisation of the shareholders’ meeting and it cancels the authorisation given by the General Meeting on 7 March 2013. The Board of Directors is authorised to resolve to whom and in which order the Company’s own shares will be distributed. The Board of Directors is authorised to decide on the distribution of the Company’s own shares other than in proportion to the existing pre-emptive right of the shareholders to purchase the Company’s own shares.
Organisation of the Board of Directors
The Board of Directors of Wärtsilä Corporation elected Mikael Lilius as its chairman and Kaj-Gustaf Bergh as the deputy chairman. The Board decided to establish an Audit Committee, a Nomination Committee and a Remuneration Committee. The Board appointed from among its members the following members to the Committees:
Chairman Markus Rauramo, Maarit Aarni-Sirviö, Alexander Ehrnrooth
Chairman Mikael Lilius, Kaj-Gustaf Bergh, Risto Murto, Sune Carlsson
Sune Carlsson was appointed to the Nomination Committee in the Board meeting held on 22 October 2014.
Chairman Mikael Lilius, Paul Ehrnrooth, Risto Murto