The composition of the Shareholders’ Nomination Committee of Sanoma Corporation changed on 9 September 2026. Robin Langenskiöld and Rafaela Seppälä have stepped down from the Nomination Committee following the transfer of their entire shareholding in Sanoma to RR & Co Ab on 9 September 2026.
In accordance with the charter of the Nomination Committee, the next largest shareholders of Sanoma as of 31 May 2026, Varma Mutual Pension Insurance Company and Ilmarinen Mutual Pension Insurance Company, are entitled to appoint representatives to the Nomination Committee. In addition, in accordance with its charter, the Nomination Committee has invited RR & Co Ab, which became the third largest shareholder in Sanoma after the share transfer on 9 September 2026, to appoint an additional member to the Nomination Committee for the rest of its term.
The new composition of Sanoma Corporation’s Shareholders’ Nomination Committee is as follows:
- Juhani Mäkinen, Vice Chair of the Board, Jane and Aatos Erkko Foundation
- Antti Herlin, Chair of the Board, Holding Manutas
- Hanna Kaskela, SVP, Sustainability and Communications, Varma Mutual Pension Insurance Company
- Annika Ekman, EVP, Investments, Ilmarinen Mutual Pension Insurance Company
- Lorna Bernardin-Aubouin, Board member, RR & Co Ab
Juhani Mäkinen will continue as the Chair of the Nomination Committee and Timo Lappalainen, Chair of Sanoma’s Board of Directors, continues to serve as an expert in the Nomination Committee.
Change in the composition of Sanoma’s Shareholders’ Nomination Committee
Between 31 May 2026 and 9 September 2026, the four largest shareholders were Jane and Aatos Erkko Foundation, Holding Manutas Oy, Robin Langenskiöld and Rafaela Seppälä.
The four largest shareholders appointed the following members to the Shareholders’ Nomination Committee:
- Juhani Mäkinen, Vice Chair of the Board, Jane and Aatos Erkko Foundation
- Antti Herlin, Chair of the Board, Holding Manutas
- Robin Langenskiöld, 3rd largest shareholder in Sanoma
- Rafaela Seppälä, 4th largest shareholder in Sanoma
In its meeting on 12 June 2026, the Committee elected Juhani Mäkinen as a Chair of the Committee and invited Timo Lappalainen, Chair of Sanoma’s Board of Directors, to serve as an expert in the Committee.
Proposals of the Shareholders' Nomination Committee to Sanoma Corporation's Annual General Meeting 2026
Board of Directors
New Board member candidate Tiina Alahuhta-Kasko
The Shareholders’ Nomination Committee consists of up to four members who represent the Company’s four largest shareholders on 31 May preceding the next year’s Annual General Meeting. The Chair of the Company’s Board of Directors may be invited to serve as an expert in the Shareholders’ Nomination Committee without being a member and without having a vote or being counted in the quorum of the Shareholders’ Nomination Committee. The Shareholders’ Nomination Committee shall elect a Chair from among its members at the first meeting. The term of office of the members of the Shareholders’ Nomination Committee starts after the Annual General Meeting following the appointment and expires annually upon the appointment of the next Shareholders’ Nomination Committee. The Nomination Committee shall submit its proposals to the Board of Directors at the latest on the third Monday of January preceeding the next Annual General Meeting.
The Nomination Committee has been established until further notice.
Remuneration
The remuneration for the members of the Shareholders’ Nomination Committee for their duties on the Nomination Committee was resolved by the AGM 2025 and remained unchanged at the AGM 2026. The meeting fees of the members of the Nomination Committee during this term are:
- for the Chair of the Nomination Committee: EUR 3,500 / Committee meeting participated
- for members of the Nomination Committee who reside outside Finland: EUR 2,500 / Committee meeting where the member was present and EUR 1,500 / Committee meeting participated
- for members of the Nomination Committee who reside in Finland: EUR 1,500 / Committee meeting where the member was present.
The Company shall bear all reasonable costs of the Nomination Committee. The travel expenses of the members of the Nomination Committee will be compensated against receipt according to the Sanoma Travel Policy.
Tasks and duties of the Shareholders' Nomination Committee
The tasks and duties of the Shareholders' Nomination Committee are defined in the the Charter of the Nomination Committee.
The Charter of the Shareholders' Nomination Committee
In accordance with its Charter, the duties of the Shareholders' Nomination Committee include, among other responsibilities:
- preparing and presenting to the Annual General Meeting the proposals for:
- the remuneration of the members of the Board of Directors as well as Board Committees,
- the number of the members of the Board of Directors,
- the election of the Board of Directors, the Chair and Vice chair
- seeking prospective successors for the members of the Board of Directors
- participating in the development of the principles concerning the diversity of the Board of Directors and reporting on the diversity objectives
In 2025, the Shareholders’ Nomination Committee appointed in 2025, convened two times and the Shareholders’ Nomination Committee appointed in 2024, convened once. The attendance rate was 92%. 25% of the Committee members appointed in 2025 were women, and 75% were men.
