Betolar Plc: Ilkka Iittiläinen appointed Head of Operations, Lasse Happonen will become Advisor

Betolar Plc

Company Announcement
29 March 2022 at 1:15pm EET

Betolar Plc: Ilkka Iittiläinen appointed Head of Operations, Lasse Happonen will become Advisor

Ilkka Iittiläinen, M.Sc. (Tech), LL.M., MBA, has been appointed Head of Operations and a member of the Management Team. This position at Betolar is new. He will take up his position as of 30 March 2022, and will report to CEO Matti Löppönen.

Ilkka Iittiläinen has previously held demanding international procurement and logistics management positions. He worked for Neste Corporation from 2001 to 2020 in several positions such as Chief Procurement Officer and VP, Logistics & Operations, and thereafter in the construction industry as the Chief Procurement and Development Officer at DEN Group Oy.

“Managing global logistics chains and customer production support requires strong international expertise as Betolar's business expands. Ilkka has significant experience in managing procurement as well as supply chains and logistics for renewable and circular raw materials globally,” says Löppönen.

“Betolar's growing business is based on efficient management of supply and logistics chains. One key area is the logistics of chemicals and side stream materials between customers and material suppliers. Supporting customers in implementing Betolar's solutions is an inspiring part of Betolar's growth story,” says Ilkka Iittiläinen.

Lasse Happonen, Head of Precast and Ready-mixed concrete, will become Betolar's advisor

Lasse Happonen, responsible for the ready-mixed concrete and precast elements will become Betolar's advisor. Happonen will continue with partner customers in ongoing development projects aimed at enabling and increasing the use of low-carbon concrete on an industrial scale.

“Already at this point, I would like to thank Lasse for the significant expertise he brought to help Betolar’s ​​early-stage product development and understanding of the industrial scale of concrete construction. It is great that the projects that have already been launched are taken forward with the support of Lasse together with our partners,” says Matti Löppönen.

Betolar's Management Team as of 30 March 2022 is Matti Löppönen (CEO), Pekka Hintikka (Chief Technology Officer), Ilkka Iittiläinen (Head of Operations), Juha Leppänen (Chief Innovation Officer), Juha Pinomaa (Director, APAC), Janne Rauramo (Director, EMEA), Antti Uski (Chief Human Resources Officer) and Riikka Ylikoski (Chief Financial Officer).

Betolar Plc
Communications

More information:

Matti Löppönen, CEO, tel. +358 50 306 6335, matti.lopponen@betolar.com
Ilkka Iittiläinen, Head of Operations (as of 30 March 2022), tel. +358 40 670 0093

Certified Advisor:
Skandinaviska Enskilda Banken AB (publ) Helsinki Branch, +358 9 6162 8000

About Betolar

Betolar Plc is a Finnish materials technology company that offers the production of sustainable and low-carbon concrete with the Geoprime® solution. The solution converts several previously unused high-volume industrial side streams into a substitute for cement.

Betolar's AI-optimised innovation can significantly reduce CO2 emissions at a competitive cost compared to conventional cement-based concrete manufacturing, leveraging the existing manufacturing processes. Betolar’s mission is to enable the green transformation of various industries globally, especially in the construction, process and energy industries by providing solutions to utilise its unique materials technology.

Betolar was founded in 2016 and is headquartered in Kannonkoski, Finland. Betolar is listed on the Nasdaq First North Growth Market. https://www.betolar.com/