Vice Chair of the Neles Board of Directors Perttu Louhiluoto resigns, Anu Hämäläinen appointed as the new Vice Chair

Perttu Louhiluoto, a member of the Board of Directors of Neles Corporation, has announced his resignation from the Board as of today. The reason for the resignation is his election as the President and CEO of a UK-based flow control company.

The Shareholders' Nomination Board of Neles has assessed that the Board will remain functional after Louhiluoto’s resignation, and that the Board's composition will continue to meet the requirements set out in the Articles of Association.

"Perttu Louhiluoto was elected as the Vice Chair of the Neles Board and a Member of the Audit Committee in 2021. During his short tenure in this role, his knowledge of the company and the industry has proven valuable for the work of Neles’ Board of Directors. I wish to thank Perttu for the good collaboration," says Jaakko Eskola, Chair of Neles’ Board of Directors.

Anu Hämäläinen has been appointed as the new Vice Chair of the Neles Board of Directors and Niko Pakalén as a member of Neles’ Audit Committee as of today. More detailed information on the composition of the Neles’ Board of Directors and committees is available on the company’s website.

Neles Corporation

For more information, please contact:

Jaakko Eskola, Chair of the Neles’ Board of Directors, tel. +358 40 562 8893

Neles is one of the leading providers of mission-critical flow control solutions and services for process industries. With our global team of experts and innovative solutions, we help our customers to improve their process performance and ensure the safe flow of materials. Neles is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 576 million in 2020. Neles employs about 2,850 people in approximately 40 countries.

www.neles.com, Twitter.com/nelesflow