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Finland's Amer Sports elects director, plans share buyback

Amer Sports Corp. shareholders voted during their annual general meeting March 8 to authorize the board to decide on repurchasing shares, in addition to electing a new director.

The board of the Finnish sporting goods company was authorized to decide on the repurchase of up to 10 million shares at the prevailing market price over 18 months.

Meanwhile, Amer Sports shareholders elected Petri Kokko as a new member of the seven-seat board, to serve a term that runs through the close of the 2019 annual general meeting.

They also re-elected Ernst & Young Oy as the company's auditor.