Change in the Audit Committee of Kamux Corporation

Kamux        Stock Exchange Release   27 December 2019 at 9:00

Change in the Audit Committee of Kamux Corporation

Board member Mr. David Nuutinen has been appointed as new member of the Audit Committee of Kamux Corporation. The change will come into effect as of 1 January 2020.

On 26 November 2019, the company announced the appointment of Mr. Vesa Uotila as Director, Business Development of Kamux Corporation. Following the appointment, Mr. Uotila resigned from Kamux’s Board of Directors and Audit Committee, effective 31 December 2019.

Consequently, after the change, Audit Committee members will be Mr. Harri Sivula, Ms. Reija Laaksonen and Mr. David Nuutinen. Mr. Harri Sivula will remain as the Chairman of the Audit Committee. All members of the Audit Committee are independent of the company and independent of significant shareholders.

Kamux Corporation

Board of Directors

For more information:

Satu Otala, Communication Director, tel. +358 400 629 337

Kamux Corporation is a retail chain specializing in the sale of used cars and related integrated services that has grown rapidly. Kamux combines online shopping with an extensive showroom network to provide its customers with a great service experience anytime, anywhere. In addition to digital channels, the company has total of 71 car showrooms in Finland, Sweden and Germany. Since its founding, the company has sold more than 240,000 used cars, 46,596 of which were sold in 2018. Kamux’s revenue reached EUR 527.8 million in 2018. In 2018, Kamux’s average number of employees was 472 in terms of full-time equivalent employees. The shares of Kamux are listed on the Nasdaq Helsinki stock exchange. 

www.kamux.com