Paul Sohlberg to start as Exel Composites' President and CEO on 20 March 2023

EXEL COMPOSITES PLC – – – STOCK EXCHANGE RELEASE – – – 17 FEBRUARY at 08:45 EET

Paul Sohlberg’s starting date as President and CEO of Exel Composites Plc has been specified. He will start in the position on 20 March 2023. On 25 October 2022, Exel Composites announced Paul Sohlberg’s appointment and that he will assume his position latest on 1 May 2023.

As earlier announced, Exel Composites’ Board Member Jouni Heinonen will continue as Interim President and CEO of Exel Composites until Paul Sohlberg assumes his new position, assuring a smooth transition.

For further information, please contact:

Reima Kerttula

Chairman of the Board of Directors

Tel. +358 400 648 458

Exel Composites in brief

At Exel Composites, we use over 60 years’ experience to solve challenges and help customers save resources. Our forward-thinking composite solutions made with continuous manufacturing technologies serve customers in a wide range of industries around the world. You can find our products used in applications from wind power and transportation to building and infrastructure.

Our collaborative approach and global footprint set us apart from our competition. We use our expertise to help customers reduce weight, improve performance and energy efficiency and decrease total lifetime costs. We want to be the first choice for sustainable composite solutions globally.

Headquartered in Finland, Exel Composites employs approximately 700 forward-thinking professionals around the world and is listed on Nasdaq Helsinki. To find out more about our offering and company please visit www.exelcomposites.com.

Exel Composites Plc