Basware Oyj — Board/Management Information 2019

Jun 20, 2019

Klaus Andersen appointed as CEO of Basware

Klaus Andersen appointed as CEO of Basware

Basware Corporation, stock exchange release, June 20, 2019 at 9:45 am EEST
Basware’s Board of Directors has appointed Klaus Andersen as the CEO of Basware
as of June 20, 2019. Andersen has been the interim CEO since March 2019.

Klaus Andersen was previously Chief Technology Officer and a member of the
Executive Team at Basware, having joined the company in September 2018. Prior to
joining Basware, Andersen worked at Itiviti, a world-leading capital markets
technology provider, where he had been Executive Vice President, Global
Engineering since 2015. Prior to Itiviti, Andersen served in various senior
management roles in SimCorp, a leading provider of integrated investment
management solutions.

"The Board conducted an extensive international search for the new CEO and Klaus
stood out with his strong experience of more than 20 years in senior management
roles in the software industry. During his time as interim CEO he has already
shown great leadership and very good understanding of the company. He has been
very well received by shareholders, customers and employees alike. The Board of
Directors is confident in his capabilities to lead Basware into profitable
growth”, said Ilkka Sihvo, Chairman of the Board of Directors.

Klaus Andersen commented “I am very excited to take on the role of CEO because
Basware is a leader in the global Purchase-to-Pay market and has the largest e
-invoicing network in the world. Basware has strong solutions and is well
positioned in the growing market. “

BASWARE CORPORATION

Board of Directors

For more information, please contact:

Ben Selby, VP of Investor Relations and Treasury, Basware Corporation

Tel. +358 50 305 8077, ben.selby@basware.com
Distribution:
Nasdaq Helsinki
Main media
investors.basware.com/en

About Basware:
Basware (http://www.basware.com/) (Nasdaq: BAS1V) is the global leader in
providing networked source-to-pay solutions, e-invoicing and innovative
financing services. Basware’s commerce and financing network connects businesses
in over 100 countries and territories around the globe. As the largest open
business network in the world, Basware provides scale and reach for
organizations of all sizes, enabling them to grow their business and unlock
value across their operations by simplifying and streamlining financial
processes. Small and large companies around the world achieve significant cost
savings, more flexible payment terms, greater efficiencies and closer
relationships with their suppliers. Find out more at
http://investors.basware.com/en.
Follow Basware on Twitter: @Basware (https://twitter.com/basware), join the
discussion on the Basware LinkedIn (http://www.linkedin.com/company/basware),
Basware Facebook (http://www.facebook.com/BaswareCorporation) and Basware
Blog (http://www.basware.com/blog).