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Netel Holding

Board/Management Information Dec 4, 2023

3080_iss_2023-12-04_c4c93b23-a21b-4b87-885e-440b760a985b.pdf

Board/Management Information

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Jeanette Reuterskiöld appointed President and CEO of Netel Group

The board of Netel Group, a leading specialist in critical infrastructure in Northern Europe, has appointed Jeanette Reuterskiöld as President and CEO. Jeanette Reuterskiöld has been acting CEO since of May 16, 2023, and is a member of the Board of Directors since 2022.

"During her time as acting CEO, Jeanette has demonstrated excellent leadership, deep understanding of the industry and the ability to create profitability in project execution. After a thorough recruitment process, the board has concluded that she is the right person to lead the company, with continued focus on the clearly defined strategy for continued profitable growth. Together with the management team, Jeanette will continue to develop Netel Group and create value for both customers and shareholders," says Hans Petersson, Chairman of the Board of Netel Group.

Jeanette Reuterskiöld has more than 20 years of experience as a leader and CEO in the construction and critical infrastructure industry, including roles as CEO of the construction contracting company Arcona, the listed civil engineering company Hifab and as business area manager at WSP.

"I am happy for the continued trust to lead Netel Group. It is a well-functioning, efficient and profitable company with competent and motivated employees. We have a strong position as a leading specialist in telecoms, infrastructure services and power in Northern Europe, in markets driven by strong megatrends. Together with the rest of the team, I look forward to taking the company to the next level," says Jeanette Reuterskiöld, President and CEO, Netel Group.

Contacts

Hans Petersson, Chairman of the Board, [email protected], +46 732 51 09 09 Jeanette Reuterskiöld, President and CEO, [email protected], +46 702 28 03 89 Åse Lindskog, IR, [email protected], +46 730 24 48 72

This information is information that Netel Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-12-04 07:45 CET.

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Jeanette Reuterskiöld appointed President and CEO of Netel Group

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