Klaus Andersen appointed as CEO of Basware

Basware Corporation, stock exchange release, June 20, 2019 at 9:45 am EEST

Basware’s Board of Directors has appointed Klaus Andersen as the CEO of Basware as of June 20, 2019. Andersen has been the interim CEO since March 2019.

Klaus Andersen was previously Chief Technology Officer and a member of the Executive Team at Basware, having joined the company in September 2018. Prior to joining Basware, Andersen worked at Itiviti, a world-leading capital markets technology provider, where he had been Executive Vice President, Global Engineering since 2015. Prior to Itiviti, Andersen served in various senior management roles in SimCorp, a leading provider of integrated investment management solutions.

"The Board conducted an extensive international search for the new CEO and Klaus stood out with his strong experience of more than 20 years in senior management roles in the software industry. During his time as interim CEO he has already shown great leadership and very good understanding of the company. He has been very well received by shareholders, customers and employees alike. The Board of Directors is confident in his capabilities to lead Basware into profitable growth”, said Ilkka Sihvo, Chairman of the Board of Directors.

Klaus Andersen commented “I am very excited to take on the role of CEO because Basware is a leader in the global Purchase-to-Pay market and has the largest e-invoicing network in the world. Basware has strong solutions and is well positioned in the growing market. “

BASWARE CORPORATION

Board of Directors

For more information, please contact:

Ben Selby, VP of Investor Relations and Treasury, Basware Corporation

Tel. +358 50 305 8077, ben.selby@basware.com

Distribution:
Nasdaq Helsinki
Main media
investors.basware.com/en

About Basware:
Basware (Nasdaq: BAS1V) is the global leader in providing networked source-to-pay solutions, e-invoicing and innovative financing services. Basware’s commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. Find out more at http://investors.basware.com/en.

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