The organization of the Board of Directors 0f Tecnotree Corporation

Tecnotree Corporation Stock Exchange Release 15 April 2024 at 20:15 EEST

The Board of Directors of Tecnotree Corporation elected today at the Annual General Meeting has held an organizing meeting. Neil Macleod was elected as Chairman and Jyoti Desai as Vice Chairman of the Board of Directors. 

The Board resolved to establish an Audit Committee, a Remuneration Committee, a Nomination Committee and a Strategy Committee. The members of the Committees were elected as follows:

• Audit Committee: Johan Hammarén (Chairman), Neil Macleod and Jyoti Desai
• Remuneration Committee: Jyoti Desai (Chairman), Anders Fornander and Neil Macleod
• Nomination Committee: Jyoti Desai (Chairman), Conrad Neil Phoenix, Neil Macleod and Johan Hammarén
• Strategy Committee: Jyoti Desai (Chairman), Anders Fornander and Johan Hammarén

The Board of Directors has evaluated the independence of the Board members in compliance with the recommendations of the Finnish Corporate Governance Code 2020 and has noted that all Board members are independent of the company and with the exception of Neil Macleod and Conrad Neil Phoenix also independent of the company’s significant shareholders.

TECNOTREE CORPORATION

Board of Directors