Changes in Raisio Group’s Executive Committee

Raisio plc, Stock Exchange Release, August 4, 2021 at 9.00 am EET

The composition and responsibilities of Raisio plc’s Executive Committee are changed to support the implementation of the updated strategy announced in early June. Raisio’s strategy is built on three focus areas: Benecol® products and plant stanol ester solutions, plant-based food as well as oat-based consumer products and oats as an industrial raw material. The ability to compete in these partly new areas and markets also requires changes in the way we operate. Our goal is to flatten the organisation and share responsibility more widely. Raisio’s values – Courage, Fairness and Drive – will be increasingly reflected in our culture.

The work of the Executive Committee will be reorganised and there will be two new members. The changes are effective from 4 August 2021.

Annika Boström-Kumlin and Mikko Lindqvist have been appointed as new members of the Executive Committee.

M.Sc. (Econ. and Business Admin) Annika Boström-Kumlin, 44, has been appointed as Raisio Group’s Chief Business Officer. She will be responsible for the marketing of plant-based food and grain-based products and for Raisio Group’s communications. Boström-Kumlin has long experience in marketing and business in the food sector, for example at Unilever, Vaasan, Stockmann and Verso Food, which became part of the Raisio Group through the acquisition made in early April.

M.Sc. (Econ. and Business Admin) Mikko Lindqvist, 42, has been appointed as Raisio Group’s Chief Business Officer. He will be responsible for the Group’s research and product development, innovation activities and Benecol® marketing. Lindqvist has extensive experience in marketing and business management in the food industry at Fazer and Raisio. Lindqvist has been Raisio’s Marketing Director since September 2019.

Responsibilities of Raisio Group’s Executive Committee members are available on the company’s website:  

https://www.raisio.com/en/about-us/organization-and-management/ceo-and-executive-committee/

In Raisio, August 4, 2021
Raisio plc
Board of Directors

Further information:

Pekka Kuusniemi, CEO, tel. +358 50 537 3883
pekka.kuusniemi@raisio.com

RAISIO PLC
Raisio’s purpose is to make food which is good for Health, Heart and Earth. Our growth drivers and focus areas are Benecol® and plant stanol ester solutions, plant based foods, branded oat products for consumers and oat as raw material for industry. Our strong brands include for example, Benecol®, Beanit®, Elovena®, Sunnuntai®, Torino® and Benella®. In our products the focus is on well-being, health, good taste and responsibility. Raisio's values − courage, fairness and drive − guide us towards our targets. Raisio’s shares are listed on Nasdaq Helsinki Ltd. In 2020, the Group’s net sales totaled EUR 234 million and EBIT was EUR 28 million. Raisio employs about 380 people. www.raisio.com.