Boreo Oyj

Board/Management Information • Jun 13, 2024

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Boreo Oyj - Changes board/management/auditors

Change in Boreo Plc's Management team

BOREO PLC Stock exchange release 13 June 2024 at 12:00 EET

Change in Boreo Plc’s Management team

Aku Rumpunen, Chief Financial Officer and member of the management team, has decided to leave Boreo to pursue other opportunities outside the company. Rumpunen will continue in his current role until October 2024. The process for recruiting a new Chief Financial Officer will be started immediately.

‘Aku has had an important role during the first years of Boreo’s journey and in building the growth platform. I would like to thank Aku for his service during the past years and wish him all the best for the future’ says Boreo’s CEO Kari Nerg.

Vantaa, 13 June 2024

Boreo Plc

Kari Nerg

CEO

Distribution:

NASDAQ Helsinki Ltd

Principal media

www.boreo.com

For more information:

CEO Kari Nerg

+358 44 341 8514

Boreo in brief:

Boreo is a company listed on Nasdaq Helsinki that creates value by owning, acquiring and developing small and medium-sized companies in the long-term. Boreo's business operations are organized into two business areas: Electronics and Technical Trade.

Boreo's primary objective is sustainable long-term profit generation. This is achieved with a business model that is based on the acquisition and ownership of great entrepreneurial companies with ability to generate sustainable long-term earnings growth and strong cash flows. The profits generated by the portfolio of companies are re-invested back to operations or to acquisitions with attractive expected returns on capital. The decentralized operating structure promoting culture of ownership and release of entrepreneurial energy is a core pillar of the firm’s business concept and sustainable earnings growth is ensured through the support and coaching of companies and the personnel.

The Group's net sales in 2023 were EUR 161 million and it employs over 300 people in seven countries. The company’s headquarter is in Vantaa.