Tietoevry appoints Klaus Andersen as CEO of Tietoevry Banking effective 1 February 2023 - the business aims to become an independent listed company

12 Jan 2023 07:00 CET

As announced in July 2022 (https://www.tietoevry.com/en/newsroom/all-news-and
-releases/stock-exchange-releases/2022/07/tietoevry-initiates-a-strategic-review
-of-its-banking-business--aim-to-unlock-full-value-potential-of-the-business/),
Tietoevry is conducting a strategic review of its Banking business, aiming to
enable its separation into an independent company listed on a stock exchange.
The listing is expected to happen during the latter half of 2023 provided the
related assessment proceeds favourably. The appointment of Klaus Andersen as the
Chief Executive Officer (CEO) of Tietoevry Banking effective 1 February 2023 is
a key milestone in the process.

Tietoevry Corporation               STOCK EXCHANGE RELEASE               12
January 2023 8:00 a.m. EET

In this new role, Klaus Andersen will have the overall responsibility for the
Banking business at Tietoevry, including driving a successful outcome for the
ongoing strategic review. He has most recently, since 2019, served as the CEO of
Basware, a company focusing on cloud-based purchase-to-pay technologies. Prior
to Basware, he held various leadership positions with global software companies
in financial services - at Itiviti, a global capital markets technology
provider, and at SimCorp, a provider of integrated investment management
solutions.

"I am excited to join Tietoevry Banking at this unique phase towards becoming an
independent listed company. The business has a solid foundation for further
growth with talented experts, loyal customers and competitive global software
assets. I really look forward to working with the team on the next chapters of
success," says Klaus Andersen.

"Klaus Andersen brings with him a wealth of experience and knowledge from the
fintech software market as well as listed company CEO experience. I am very
pleased to welcome him to the company in this critical role to drive the next
special era of our Banking business," says Kimmo Alkio, CEO of Tietoevry Group.

The new CEO of Tietoevry Banking role will replace the role of Managing
Director, Tietoevry Banking, currently held by Christian Segersven. The
transition will take place in the coming months, and Segersven's future plans
and role will be communicated in due course. In his role as CEO of Tietoevry
Banking, Klaus Andersen will report to Kimmo Alkio, CEO of Tietoevry Group, and
will become a member of the Group Executive Management Team. As the strategic
review of Tietoevry Banking proceeds towards listing, its CEO will report to the
business' external Board of Directors, which will be established at a later
date.

While the CEO appointment is a timely step that accentuates the aspired future
path for Tietoevry Banking, the strategic review aiming at the separation and
listing of the business is still ongoing and further details on its progress
will be provided in due course. The separation and timing of the potential
listing remain subject to market conditions, including but not limited to the
prevailing macroeconomic conditions and sentiment amongst equity investors.

For further information, please contact:

Tommi Järvenpää, Head of Investor Relations, tel. +358 40 576 0288,
tommi.jarvenpaa (at) tietoevry.com

Tietoevry Communications, tel. +358 40 570 4072, news@tietoevry.com

Tietoevry Corporation

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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 more than 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

More information:
Access the news on Oslo Bors NewsWeb site

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