Changes to Joo Group’s Board

New members will join the Board of Directors of Joo Group Oy ("Joo Group"): Sharam Rahi, CEO of our principal shareholder Fastighets AB Balder ("Balder"), and Juha Lehtonen, who leads Balder’s operations in Finland. Jaakko Niskanen will continue as a member of Joo Group’s board.

Going forward, Juha Lehtonen will serve as working chairperson of Joo Group. Erik Selin will step down as chair and member of Joo Group’s board.

Sharam Rahi, CEO, Fastighets AB Balder, comments:

– I have worked with Juha for 12 years, and I am confident that he is the right person to take on the role of working chairperson of Joo Group. Together with the company’s management, he will support the continued development of the business and help drive the company forward. Together with Juha, we want to explore opportunities to further develop and streamline Joo’s operations.

Juha Lehtonen, CEO, Balder Finland, comments:

– Together with the current management team, we want to continue developing the company and create strong conditions for a profitable business also in the future. I am also grateful for the trust placed in me.

Antti Niskanen, CEO of Joo Group, comments:

– It is great to have Juha and Sharam supporting Joo through their roles on the board. Their extensive experience in the industry will benefit Joo in many ways.

Following these changes, the board of Joo Group will consist of:

• Juha Lehtonen, working chairperson of the board
• Sharam Rahi, member of the board
• Jaakko Niskanen, member of the board

The changes will have no impact on Joo Group’s day-to-day operations or organisation.