Nokia 2012 Annual Report Download - page 138

Master of Science (Eng.) (Helsinki University of Technology).
Bachelor of Business Administration (Swedish School of
Economics and Business Administration, Helsinki).
Deputy CEO of Sampo plc 2001-2009. President of Sampo Life
Insurance Company Limited 1999-2000. President of Nova Life
Insurance Company Ltd 1996-1998. President and COO of
Jaakko Pöyry Group 1991-1996.
Member of the Board of Directors of Nordea Bank AB (publ).
Chairman of the Board of Directors of If P&C Insurance Holding
Ltd (publ), Kaleva Mutual Insurance Company and Mandatum
Life Insurance Company Limited. Member of the Board of
Directors of Varma Mutual Pension Insurance Company. Vice
Chairman of the Board of Directors of Confederation of Finnish
Industries (EK). Vice Chairman of the Board of Directors of the
Federation of Finnish Financial Services. Member of the Board
of Directors of Central Chamber of Commerce of Finland.
Chairman of the Board of Directors of Alma Media Corporation
2005-2011. Member of the Board of Directors of Aspo Plc.
2009. Chairman of the Board of Directors of Aspo Plc. 2000-
2008.
Proposal of the Corporate Governance and Nomination Committee for Composition of the
Board of Directors in 2013
On January 24, 2013, the Corporate Governance and Nomination Committee announced its proposal
to the Annual General Meeting convening on May 7, 2013 regarding the composition of the Board of
Directors for a one-year term from the Annual General Meeting 2013 until the close of the Annual
General Meeting 2014. The Committee will propose that the number of Board members be ten and that
the following current Nokia Board members be re-elected as members of the Nokia Board of Directors
for a term until the close of the Annual General Meeting 2014: Bruce Brown, Stephen Elop, Henning
Kagermann, Jouko Karvinen, Helge Lund, Mårten Mickos, Elizabeth Nelson, Risto Siilasmaa and Kari
Stadigh.
In addition, the Committee will propose that Elizabeth Doherty, the Chief Financial Officer of Reckitt
Benckiser Group plc until March 15, 2013, be elected as a member of the Nokia Board of Directors for
the same term until the close of the Annual General Meeting 2014.
The Committee’s aim is continually to renew the Board to ensure an efficient Board of international
professionals with a diverse mix of skills and experience. The Committee considers potential director
candidates based on the short-term and long-term needs of Nokia and of the Board and may engage
search firms or advisors to identify director candidates. According to Nokia’s Articles of Association, the
Board consists of a minimum of seven and a maximum of 12 directors. Based on past experience and
the current business situation at Nokia, the Committee regards ten as an appropriate number of
directors for the needed diversity in experience and skills to perform the Board’s work effectively.
The Chairman and the Vice Chairman are elected by the new Board and confirmed by the independent
directors of the Board from among the Board members upon the recommendation of the Corporate
Governance and Nomination Committee. The independent directors of the new Board will also confirm
the election of the members and Chairmen for the Board’s committees from among the Board’s
independent directors upon the recommendation of the Corporate Governance and Nomination
Committee and based on each committee’s member qualification standards. These elections will take
place at the Board’s assembly meeting following the Annual General Meeting.
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