The election committee in Norske Skog proposes Siri Beate Hatlen and Karen Kvalevåg as new members of the Board of Directors of Norske Skog. The Board of Directors proposes to the general meeting to discontinue the corporate assembly in Norske Skogindustrier ASA.
"The proposals of the election committee are unanimous. The proposed candidates will strengthen Norske Skog in what is a demanding period for the company," says the chair of the election committee, Tom Ruud.
The board of directors
The election committee proposes the re-election of Eivind Reiten as chair of the board. The committee proposes re-election of Helge Evju, Finn Johnsson and Åse Aulie Michelet on the board of directors. The committee proposes Siri Beate Hatlen and Karen Kvalevåg as new members of the board of directors.
Siri Beate Hatlen (54) has extensive board and management experience from the private and public sectors and has worked extensively with reorganization and restructuring of organisations. She is currently the chair of Sevan Marine ASA and 2016 Winter Youth Olympic Games, member of the Interim Board of the new export financing (in Norway) and member of the board at Unibuss AS. She holds a masters degree in Engineering from NTH (now NTNU, Trondheim, Norway) and an MBA from INSEAD.
Karen Kvalevåg (45) is the CEO of Umoe Restaurant Group. She is a chartered accountant from NHH (Bergen, Norway), and has extensive financial and accounting background in addition to management and business development.
In addition to the shareholder-elected board members, three members will be elected by Norske Skog's employees. The election committee proposes the deputy chair function be discontinued.
The corporate assembly
The board of directors proposes that the general meeting decides to discontinue the corporate assembly of Norske Skogindustrier ASA. Norske Skog's corporate assembly consists of 12 shareholder-elected members, and six members elected by and among the employees, all of whom serve a one year term. If the general meeting decides to continue with the corporate assembly, the election committee proposes the re-election of the following shareholder-elected members to the corporate assembly: Tom Ruud (chair), Tom Ratkhe (deputy chair), Emil Aubert, Ragnhild Borchgrevink, Maalfrid Brath, Ann Kristin Brautaset, Helge Leiro Baastad, Even Mengshoel, Karen Helene Ulltveit-Moe and Olav Veum. The election committee proposes Eilif Due as a new member of the corporate assembly.
The election committee
The election committee proposes that Tom Ruud (chair), Ole H. Bakke, Helge Leiro Baastad and Kirsten Ideboeen be re-elected as members of the election committee.
This year's election process
If the general meeting on 25 April decides to discontinue the corporate assembly, the members to the board of directors and the election committee will be elected by the general meeting. If the general meeting does not discontinue the corporate assembly, the members of the corporate assembly and the election committee will be elected by the general meeting, whereas the members of the Board will be elected by the corporate assembly later the same day.
Overview
Should the recommendations of the election committee and board of directors be adopted, the governing bodies in Norske Skog will be composed of the following shareholder-elected members after this year's general meeting:
| The board of directors | The election committee |
| Eivind Reiten (chair) Helge Evju Siri Beate Hatlen Finn Johnsson Karen Kvalevåg Åse Aulie Michelet | Tom Ruud (chair) Ole H. Bakke Helge Leiro Baastad Kirsten Ideboeen |
Oxenoeen, 2 March 2012
Norske Skog
Corporate communication
| For further information: | |
| Carsten Dybevig Vice president corporate communication Mob.: +47 917 63 117 | |
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Source: Norske Skog via Thomson Reuters ONE
