Ponsse Oyj Updates Articles of Association

Ponsse Oyj Updates Articles of Association

Ponsse Oyj, a manufacturer of forest machines based in Vieremä, Finland, has published updated Articles of Association. These documents outline the company's core operational framework, including its business scope, governance structure, and auditor selection.

The company's registered name is Ponsse Oyj, with its domicile in Vieremä. Its stated business activities encompass the manufacturing, import, and marketing of forest machines, alongside other metal industry products and information system hardware and software. Additionally, Ponsse provides training and consultation services, administrative support for group companies, and engages in insurance representation.

The updated Articles of Association stipulate that the Board of Directors shall consist of a minimum of five and a maximum of eight members. The term for board members concludes at the end of the first Annual General Meeting following their election. The quorum requires more than half of the members to be present, with decisions made by majority vote, and the chairman’s vote prevailing in case of a tie.

A Managing Director, appointed by the Board, oversees the daily management of the company according to the Board's directives. The company's name can be signed by two board members jointly, or by the Managing Director together with one board member. The Board may also authorize specific individuals to sign in predefined joint capacities.

The company will have one auditor, an authorized public accounting firm (KHT), whose term ends at the close of the first Annual General Meeting after their appointment. The financial year aligns with the calendar year. Notice of General Meetings will be published as a stock exchange release and on the company's website.

Ponsse Oyj is a global leader in the forest machine industry, employing approximately 4,000 people and distributing its products in over 40 countries worldwide.