Decisions of the Organizational Meeting of the Board of Directors of Betolar Plc

Betolar Plc

Company Release 23 March 2022 at 4:40 p.m. EET

Decisions of the Organizational Meeting of the Board of Directors of Betolar Plc

Betolar Plc’s new Board of Directors held its organizational meeting on Wednesday 23 March 2022 after the Annual General Meeting.

The Board of Directors confirmed the election of Tero Ojanperä as the Chairman. The other members of the Board are Soile Kankaanpää, Kalle Härkki, Inka Mero, Juha Leppänen and Ilkka Salonen. In addition to, the Board decided to establish an Audit Committee and a Personnel and Remuneration Committee. The Committees are responsible for assisting the Board and do not have independent decision-making power. 

Duties of the Committees

The role of the Audit Committee is to assist the Board in ensuring that the company's accounting and its financial affairs have been arranged in a reliable manner and that the company has a comprehensive and adequate internal control system for all its operations. The committee is also responsible for monitoring that the company’s operations and internal monitoring are organized as required by the laws, regulations and good management and governance system, and for supervising the operation of the internal audit.

The role of the Personnel and Remuneration Committee includes assisting the Board in preparing personnel matters related to the operations and remuneration of the company’s CEO and the management team, as well as the company’s remuneration and incentive schemes. The committee is also responsible for monitoring remuneration in the company and in industries that are relevant to the company.

Composition of the Committees

The Board appointed the Chairmen and the members of the established Committees.

Audit Committee:

• Ilkka Salonen, Chairman
• Soile Kankaanpää
• Kalle Härkki

The members of the Audit Committee are independent of the company and the company's significant shareholders.

Personnel and Remuneration Committee

• Tero Ojanperä, Chairman
• Inka Mero
• Kalle Härkki

Betolar Plc

Further information:

Tero Ojanperä, Chairman of the Board of Directors, +358 40 558 3096

Certified Adviser:

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, massive industrial by-products into a cement substitute.

Betolar's innovation can significantly reduce CO2 emissions compared to traditional cement-based concrete production by optimizing 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. For more information, visit https://www.betolar.com