Inside information: Tuija Kalpala appointed as Betolar’s CEO and President

Betolar Plc

Company Release / Inside Information

22 April 2024 at 9:31 AM EEST

Inside information: Tuija Kalpala appointed as Betolar’s CEO and President

The Board of Directors of Betolar Plc (“Betolar”, “Company”) has decided to appoint Tuija Kalpala, the Company’s Chief Operating Officer, as Betolar’s new CEO and President to accelerate the Company’s commercial development.  She will take up her position immediately. The Board of Directors of the Company and Riku Kytömäki, President and CEO, has jointly agreed that Kytömäki will leave his position as President and CEO of the Company. At the same time, Sales and Operations functions will be merged and Chief Commercial Officer, Ville Voipio will step down from the Management Team.  

Tuija Kalpala has acted as the Chief Operating Officer of the Company since October 2023. Previously, she has held demanding international management positions in supply, logistics and strategic development with Neste Corporation from 2003 to 2023 in Finland, North America, and Germany. She also has experience in strategically significant commercial development projects.

“I am very pleased that we will have Tuija Kalpala to lead Betolar and the Company’s planned business transformation to focus increasingly on emerging solutions for the side stream, mining and metals industries.. Tuija is a very inspiring leader with strong international experience in developing strategy for a wide range of renewable products and successfully taking them to new markets. Her sourcing, trading and customer experience will be at the heart of the Company’s strategic focus and essential to building Betolar’s future,” says Ilkka Salonen, Chairman of the Board of Directors of Betolar.

“On behalf of the entire Company and the Board of Directors, I would like to thank Riku Kytömäki for his strong contribution to the Company’s strategy and transformation process, which has strengthened the Company not only in domestic market but also in the international market as a listed green transition company.”, states Ilkka Salonen, Chairman of the Board of Directors of Betolar.

BETOLAR PLC

Board of Directors

More information:

Ilkka Salonen, Chairman of the Board of Directors, Betolar Plc, tel. +358 45 359 4434

Certified Adviser: 

Aktia Alexander Corporate Finance Oy, +358 50 520 4098

About Betolar

Betolar Plc is a Finnish materials technology company that enables the production of sustainable and low-carbon concrete with the Geoprime solution. The solution converts industrial side streams into a cement substitute.  Betolar's artificial intelligence innovation can significantly reduce CO2 emissions compared to traditional cement-based concrete production by optimizing existing manufacturing processes, supporting solution development with advanced analytics, and creating global markets for side streams. Betolar's mission is to help reduce CO2 emissions and the use of virgin resources.

Betolar was founded in 2016 and is domiciled in Kannonkoski, Finland. Betolar is listed on the Nasdaq First North Growth Market. Read more: www.betolar.com