Wärtsilä Corporation STOCK EXCHANGE RELEASE 25.9.2002, 17.30
Wärtsilä’s Extraordinary General Meeting elected two new members to the company’s Board of Directors as proposed by the group representing the largest shareholders. The new members are Mr Antti Lagerroos and Mr Bertel Langenskiöld.
The other Board members are Mr Robert G. Ehrnrooth (chairman), Mr Göran J. Ehrnrooth, Mr Georg Ehrnrooth, Mr Jaakko Iloniemi, Mr Paavo Pitkänen and Mr Vesa Vainio (deputy chairman).
The EGM also approved the Board’s proposal to amend the Articles of Association so that Board members will henceforth serve for one year at a time.
All decisions by the EGM were made unanimously.
ATTACHMENT:
Amendment to Article 5 approved by the Extraordinary General Meeting
Wärtsilä Corporation ATTACHMENT 1 2 (2)
TO THE STOCK EXCHANGE RELEASE
25.9.2002
DECISION OF THE EXTRAORDINARY GENERAL MEETING ON 25 SEPTEMBER 2002 TO AMEND THE ARTICLES OF ASSOCIATION
The Extraordinary General Meeting decided that Art. 5 of the Articles of Association be amended in accordance with the proposal submitted by the Board of Directors on 4 September 2002 to read as follows:
Art 5 THE BOARD OF DIRECTORS
’A Board comprising 5-8 ordinary directors shall be responsible for the management of the company and appropriate organisation of its operation. The term of the Board member shall continue from their election until the closing of the subsequent first Annual General Meeting.
The Board shall elect from among its members a Chairman and a Deputy Chairman, who shall hold office until the closing of the subsequent Annual General Meeting.’
