Annual Report 2014

Administration and auditors

Itella Corporation’s Annual General Meeting was held in Helsinki on March 25, 2014. The meeting adopted the 2013 financial statements and discharged the Supervisory Board, Board of Directors and President and CEO from liability.

It also decided that the Board of Directors be composed of eight members. The Annual General Meeting re-elected the following members of the Board of Directors: Arto Hiltunen, M.Sc. (Econ.); Jussi Kuutsa, Country Director; Päivi Pesola, CFO; Riitta Savonlahti, Executive Vice President; and Suvi-Anne Siimes, Managing Director. The Annual General Meeting elected Mölnlycke Health Care’s Global Supply Chain Planning Director Petri Järvinen, Google Deutschland GmbH’s Director, Retail Petri Kokko and Senior Financial Specialist Marja Pokela from the Government Ownership Steering as new members of the Board of Directors.

Arto Hiltunen continued as the Chairman of the Board of Directors and Päivi Pesola as the Vice Chairman.

The Supervisory Board consists of twelve members. The Annual General Meeting re-elected Ritva Elomaa, MP (True Finns); Lars-Erik Gästgivars, MP (Swedish People’s Party); Maria Guzenina, MP (Social Democratic Party); student Sari Moisanen (Left Alliance); Outi Mäkelä, MP (National Coalition Party); entrepreneur Reijo Ojennus (True Finns); Mauri Pekkarinen, MP (Centre Party); Raimo Piirainen, MP (Social Democratic Party); Tuomo Puumala, MP (Centre Party); Executive Manager Teuvo V. Riikonen (Christian Democrats); and Kimmo Sasi, MP (National Coalition Party) as members of the Supervisory Board. MP Satu Haapanen (the Greens of Finland) was elected as a new member of the Supervisory Board.

Mauri Pekkarinen continued as the Chairman of the Supervisory Board. Satu Haapanen was elected as the Vice Chairman.

The Annual General Meeting approved the Board of Directors’ proposal regarding the dividend distribution. Dividends were not paid and the profit for the period was transferred to deductions from retained earnings.

The authorized public accountancy firm PricewaterhouseCoopers Oy was elected as Posti Group Corporation’s auditor, with Authorized Public Accountant Merja Lindh as the principal auditor.

Members of the Board of Directors receive a monthly remuneration and a meeting fee. Members of the Supervisory Board receive a meeting fee.