Citycon's Board of Directors' Nomination Committee proposes to the
Annual General Meeting to be held on 18 March 2009 that the number of
Board members be resolved at nine instead of previous eight and that
all current members of the Board of Directors be re-elected to the
Board for a term that will continue until the closing of the next
Annual General Meeting: Mr Amir Bernstein, Mr Gideon Bolotowsky, Mr
Raimo Korpinen, Mr Tuomo Lähdesmäki, Mr Claes Ottosson, Mr Dor J.
Segal, Mr Thomas W. Wernink and Mr Per-Håkan Westin.
The Nomination Committee further proposes that Ms Ariella
Zochovitzky, B.A., CPA and MBA, born in 1957, be elected as a new
member to the Board. Ms Zochovitzky is Israeli citizen with 20 years'
experience in auditing and more than 18 years' experience of serving
as Professional Director at public companies. At present, she is
General Manager and Partner in an Israeli corporation called C.I.G.
Consultant Investments Group Ltd and serves as a Professional
Director at several public companies.
Said candidates have given their consent to the election. The
candidates' personal details are available on the company's website
at www.citycon.com/Board.
Additionally, the Nomination Committee proposes that the remuneration
of the members of the Board of Directors remain unchanged and that
the Chairman of the Board of Directors be paid an annual fee of EUR
160,000, the Deputy Chairman EUR 60,000 and ordinary members of the
Board EUR 40,000. In addition, the Nomination Committee proposes that
the Chairman of the Board and the Chairmen of the Board's committees
be paid a meeting fee of EUR 700 and the other Board and committee
members EUR 500 per meeting. It is further proposed that members of
the Board of Directors not residing in the Helsinki Metropolitan Area
be compensated accrued travel and lodging expenses as well as other
potential costs related to Board work.
The Board of Directors' Audit Committee proposes that the company's
current auditor, Ernst & Young Oy, a firm of authorised public
accountants, be re-elected as the auditor of the company and that the
audit fee be paid according to the auditor's invoice.
Helsinki, 11 February 2009
CITYCON OYJ
Petri Olkinuora
CEO
For further information, please contact:
Petri Olkinuora, CEO
Tel. +358 20 766 4401 or mobile +358 400 333 256
petri.olkinuora@citycon.fi
Distribution:
NASDAQ OMX Helsinki
Major media
www.citycon.fi