Decisions of the organizing meeting of Musti Group plc's Board of Directors
Decisions of the organizing meeting of Musti Group plc's Board of Directors
Musti Group plc Stock Exchange Release Changes board/management/auditors 31 January 2024 at 3.30 p.m.
In its organizing meeting held today, the Board of Directors of Musti Group plc elected Jeffrey David as the Chair of the Board of Directors and Ingrid Jonasson Blank as the Vice-Chair of the Board of Directors. The Board of Directors also appointed members to its Audit Committee and Remuneration Committee.
Ilkka Laurila was elected as the Chair of the Audit Committee and Ingrid Jonasson Blank and Inka Mero as other members of the Audit Committee.
Johan Dettel was elected as the Chair of the Remuneration Committee and Jeffrey David and Ingrid Jonasson Blank as other members of the Remuneration Committee.
Ingrid Jonasson Blank, Ilkka Laurila and Inka Mero continue in the committee of non-conflicted members of the Board of Directors established for considering the ongoing tender offer for all the shares in Musti Group announced by the consortium comprising Sonae Holdings, S.A., Jeffrey David, Chair of the Board of Directors of the company, Johan Dettel, a member of the Board of Directors of the company and David Rönnberg, CEO of the company.
The Board of Directors assessed the independence of its members and concluded that all members are independent of the company and its major shareholders. Musti Group’s definition of independence of the members of the Board of Directors complies with the Finnish Corporate Governance Code.
Musti Group plc
Board of Directors
Additional information:
Martin Svedholm, Director, Treasury and Investor Relations, tel. +358 50 579 0324
Distribution:
Nasdaq Helsinki
Pricipal media
www.mustigroup.com
Musti Group in brief
Musti makes the life of pets and their owners easier, safer and more fun. We are the leading Nordic pet care company, and we operate an omnichannel business model to cater for the needs of pets and their owners across Finland, Sweden and Norway. We offer a wide, curated assortment of pet products. We also provide pet care services such as grooming, training and veterinary services in selected locations.
Musti Group’s net sales were EUR 426 million in the financial year 2023. At the end of the financial year 2023, the company had 1,643 employees, 1.5 million loyal customers and 342 stores.