Duell Corporation
Company announcement – 26.8.2022

 

Duell’s Corporation’s Board of Directors to establish a People and Remuneration Committee

The Board of Directors of Duell Corporation has agreed to establish a People and Remuneration committee. The task of the Committee is to assist the Board in matters related to the nomination and remuneration of CEO and other members of management. In addition, the Committee assists the Board in matters related to the development of the Group’s corporate culture and personnel policy.

According to the Charter, the committee evaluates and prepares structure and allocation of the salary and incentives system as well as performance incentive rules. For the success of the company, the identification, and development of the key talents, and successor planning of the management is utmost important. The Committee reports to the Board of Directors and give the Board an annual summary of its actions during the financial year, including any observations made or recommendations given. The Committee has a charter approved by the Board.

The Committee shall have no more than four (4) members. The Board of Directors elects the members and Chairman of the Committee from among its members each year in its first meeting following the Annual General Meeting. Majority of the members of the Committee shall be independent of the Company as required by the Finnish Corporate Governance Code for members of the Remuneration Committee.

The Board of Directors elects Niko Mokkila, Anu Ora as members and Anna Hyvönen as Chairman of the People and Remuneration Committee.

Duell Corporation is an import company based in Mustasaari, Finland and established in 1983, whose imported and manufactured products are sold through an extensive distribution network in Finland, Sweden, Norway, Denmark, Estonia, Latvia, Lithuania, the Netherlands, Belgium, Germany, France, the UK, Ireland, Spain, the Czech Republic and Romania. Duell’s range of imported products includes all motorcycling, snowmobiling, bicycling, ATVs/UTVs and boating equipment, accessories and spare parts. Duell’s logistics centres are situated at Mustasaari in Finland, Tranås in Sweden, Hengelo in the Netherlands and Montpellier in France. The Group currently employs some 250 people internationally. The Duell share (DUELL) is listed on the First North Marketplace. www.duell.eu.

Further information

Jarkko Ämmälä, CEO, Duell Corporation
+358 50 056 5149
jarkko.ammala@duell.eu

Certified Advisor

Oaklins Merasco Ltd, +358 9 612 9670

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