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ENEDO PLC   Stock Exchange Release     4.5.2021  at 9:45

Change in Enedo Plc's Executive Management Team

Olli Mustonen, Enedo's Chief Financial Officer (CFO) and a member of the Executive Management Team, has resigned to move to new challenges outside Enedo. He will continue in his current position and as a member of the Executive Management Team for the time being, however, until the end of August 2021 at the latest.

“Olli's contribution to the changes in Enedo's business operations and to the planning and implementation of financing activities over the past three years has been completely invaluable. Olli has been an integral part of planning and starting Enedo's turnaround plan. I want to already now thank Olli for his excellent work and wish him success in the future with his own entrepreneurial path”, says Vesa Leino, CEO of Enedo.

The recruitment process for a new CFO has been started.

ENEDO PLC

Vesa Leino
CEO

For further information please contact CEO Mr. Vesa Leino, tel. +358 40 759 8956.

DISTRIBUTION
Nasdaq Helsinki Ltd
Principal media

Enedo

Enedo is a European designer and producer of high-quality electronic power supplies and systems for critical equipment even in the most demanding environments. Enedo’s mission is to make electricity better – more reliable, more secure, more energy efficient – and just right to fit its purpose. Enedo’s three main product categories are Led Drivers, Power Supplies and Power Systems. In 2020 the group’s net sales was EUR 38,5 million. Enedo has 354 employees and its main functions are located in Finland, Italy, Tunisia and USA. The group’s head office is in Finland and parent company Enedo Oyj is listed on Nasdaq Helsinki Oy. www.enedopower.com