Tietoevry appoints Endre Rangnes as Managing Director of Tietoevry Banking – he resigns from the Board of Directors upon the appointment

Tietoevry Corporation        STOCK EXCHANGE RELEASE        3 September 2024   10:00 a.m. EEST

Klaus Andersen, who has served as the CEO of Tietoevry Banking since February 2023, has concluded to pursue opportunities outside of Tietoevry. Following this, Endre Rangnes is appointed as the Managing Director of Tietoevry Banking effective today 3 September 2024. Endre Rangnes has been a long-term member of Tietoevry’s Board of Directors and he resigns from the Board member position upon this appointment.

Endre Rangnes brings with him over two decades of experience from the technology sector, specifically from fintech businesses, including various CEO positions. Owing to his long contribution in the Tietoevry Board, Endre Rangnes has gained extensive insights into the company and the Banking business, enabling him to enter the position efficiently.

“Through the experiences and perspectives gained over the years in the industry, I see Tietoevry Banking being at an exciting stage of realizing its full value potential. I very much look forward to continuing to develop the business and accelerate its performance together with the Tietoevry Banking team. I also look forward to close collaboration with our customers in the Nordics and internationally”, comments Endre Rangnes.

“Aligned with Tietoevry’s strategy, Tietoevry Banking has advanced in its specialization and related end-to-end operations – and continues to actively drive its agenda to become a leading international fintech software player. For the progress made to date, I sincerely thank Klaus Andersen for his contribution over the past 1,5 years. I welcome Endre Rangnes with his strong experience in international fintech and strategic business leadership to further boost Tietoevry Banking’s journey towards its ambition”, comments Kimmo Alkio, CEO of Tietoevry.

As Managing Director, Tietoevry Banking, Endre Rangnes will become a member of the Group Executive Management team, reporting to CEO Kimmo Alkio.

The Board of Directors of Tietoevry Corporation will continue with eight members elected by the Annual General Meeting and two Board members representing personnel.

Tietoevry Banking provides Software-as-a-Service solutions for banks and financial institutions and aims to become a leading international fintech software player. Tietoevry Banking continues to operate as a specialized business within Tietoevry and is well prepared for strategic value creation opportunities that may arise in the future.

For further information, please contact:
Tommi Järvenpää, Head of Investor Relations, tel. +358 40576 0288, tommi.jarvenpaa (at) tietoevry.com
Tietoevry Communications, tel. +358 40 5704072, news (at) tietoevry.com

TIETOEVRY CORPORATION

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NASDAQ Helsinki

NASDAQ Stockholm

Oslo Børs

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Tietoevry creates purposeful technology that reinvents the world for good. We are a leading technology company with a strong Nordic heritage and global capabilities. Based on our core values of openness, trust and diversity, we work with our customers to develop digital futures where businesses, societies, and humanity thrive.

Our 24 000 experts globally specialize in cloud, data, and software, serving thousands of enterprise and public-sector customers in around 90 countries. Tietoevry's annual turnover is approximately EUR 3 billion and the company's shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs. www.tietoevry.com