Cramo’s Board of Directors has on 10 March 2020 resolved to disband the Board Committees.
The Board of Directors of Cramo Plc resolved on 28th March 2018 to establish a new board committee called M&A Committee, the purpose of which is to support the management on potential M&A activities and development and implementation of the strategy work of the company.
At its constitutive meeting on 28 March 2019, Mr Veli-Matti Reinikkala was appointed Chairman of the M&A Committee and Mr Joakim Rubin and Andrew P. Studdert were elected as members. Mr Reinikkala and Mr Studdert were deemed independent of the Company and its major shareholders. Mr Rubin is deemed independent of the Company, but not independent of its major shareholders.
At its constitutive meeting on 28 March 2018, Mr Veli-Matti Reinikkala was appointed Chairman of the M&A Committee and Mr Joakim Rubin and Mr Perttu Louhiluoto were elected as members.
The M&A Committee met four times in 2018.