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New Composition of Basware Corporation’s Executive Team

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Basware Corporation, stock exchange release, May 8, 2019 at 9:30 am EEST

Basware is creating a leaner, more focused executive team.

The executive team will be comprised of the following roles:

  • Chief Executive Officer, Klaus Andersen (Acting)
  • Chief Financial Officer, Tuija Mäntyniemi (Acting)
  • Chief Technology Officer, Klaus Andersen
  • SVP Global Sales, Paul Taylor
  • Chief Marketing Officer, Lars Madsen
  • SVP Customer Services, Jussi Vasama
  • SVP Human Resources, Jane Broberg

Mikko Pilkama and Eric Wilson will leave the executive team and the company during May 2019.

Interim CEO Klaus Andersen comments: “As the company is targeting a better balance between growth and profitability, we are creating a leaner, more focused executive team to concentrate on delivering our previously stated targets. I would like to take the opportunity to thank Mikko and Eric for their contribution to Basware over the years.”

For more information, please contact:

Ben Selby, VP 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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