AutoStore holdings Ltd. – Resignation of board member
(Nedre Vats, 19 April 2024): Following the sale of shares in AutoStore Holdings Ltd. ("AutoStore" or the "Company") by funds associated with Thomas H. Lee Partners LP ("THL") in February 2024, the number of directors that can be directly appointed to the board of directors by THL pursuant to Article 121 of the bylaws has been reduced with one member, from three to two.
As a result, Edzard Overbeek has resigned from the board of directors.
The co-chairs of the board of directors, Jim Carlisle and Vikas Parekh, thanks Edzard for his valuable contributions to the board.
Following the resignation, the board will continue to constitute a quorum and is comprised of Jim Carlisle (co-chair, shareholder appointed board member), Vikas J. Parekh (co-chair, shareholder appointed board member), Andreas Hansson (shareholder appointed board member), Michael K. Kaczmarek (shareholder appointed board member). Sumer Juneja (shareholder appointed board member), Hege Skryseth (independent board member), Viveka Ekberg (independent board member) and Kjersti Wiklund (independent board member).
ENDS
For further information, please contact: Jo Christian Lund-Steigedal, Investor Relations
Telephone: +47 41508733 | Info.ir@autostoresystem.com
This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
About AutoStore
AutoStore, founded in 1996, is a technology company that develops order-fulfilment solutions to help businesses achieve efficiency gains within the storage and retrieval of goods. The company offers both hardware and software capabilities and the AutoStore technology is interoperable with other third-party solutions. AutoStore is global, with ~1,250 Systems in 50 countries. All sales are distributed, designed, installed, and serviced by a network of qualified system integrators referred to as "partners". AutoStore was founded in Nedre Vats, on the west coast of Norway. The company has offices in Norway, the U.S., UK, Germany, France, Spain, Italy, Austria, South Korea, Japan, Australia, and Singapore, as well as production facilities in Koszalin, Poland. For more information about AutoStore, see www.autostoresystem.com.