Sep 17, 2012. /Lesprom Network/. Shareholders of Billerud AB meeting in an Extraordinary General Meeting resolved that the number of Board Members shall be eight with no deputies. Hannu Ryöppönen, Mia Brunell Livfors, Wilhelm Klingspor and Mikael Larsson was elected as new Board Members, as the company said in the press release received by Lesprom Network. The persons who currently constitute the Board of Directors of Billerud, except Jan Homan, Lennart Holm, Gunilla Jönson and Michael M.F. Kaufmann, have declared that they will resign as Board Members once the appointment of the new Board Members takes effect. The Meeting elected Hannu Ryöppönen as Chairman of the Board. The resolution of the Meeting regarding the changes to the Board of Directors shall not be valid until Billerud has closed the acquisition of the shares in Korsnäs. In accordance with the Meeting's resolution, the Board will, once the resolution becomes effective and until the close of the next Annual General Meeting, consist of the Board Members Hannu Ryöppönen (Chairman), Mia Brunell Livfors, Jan Homan, Lennart Holm, Gunilla Jönson, Michael M.F. Kaufmann, Wilhelm Klingspor and Mikael Larsson. The Meeting resolved to amend the Board fees, previously adopted by the Annual General Meeting, as a result of the combination with Korsnäs. Board fees shall be paid with SEK 400,000 ($60,606) to each Board member elected by a shareholders' meeting and SEK 1 million ($151,515) to the Chairman of the Board. Remuneration for committee work shall be paid with SEK 150,000 ($22,727) to the Chairman of the Audit Committee and with SEK 75,000 ($11,363) to each other member of the committee and with SEK 50,000 ($7,575) to the Chairman of the Remuneration Committee and with SEK 25,000 ($3,787) to each other member of the committee. Further, remuneration shall be paid with SEK 50,000 ($7,575) to each member of the Integration Committee, a committee formed specifically for the integration between Billerud and Korsnäs, which committee shall be of a temporary nature. The new remuneration levels are on a yearly basis and will be paid in proportion to the length of the mandate period. The Meeting's resolution regarding changes to the Board fees as set out in the foregoing shall not be valid until Billerud has closed the acquisition of the shares in Korsnäs. The Meeting resolved on amendments in the procedure for appointing a Nomination Committee implying that the Nomination Committee shall comprise of four members and that the Nomination Committee shall be appointed for at term of office commencing at the time of the announcement of the composition of the Nomination Committee and ending when a new Nomination Committee is formed. Billerud is a world-leading manufacturer of strong primary fibre-based packaging material, working with over 1000 customers in over 100 countries.