The strategic review of Tietoevry's Connect and Transform businesses progressing - Satu Kiiskinen appointed as Managing Director of the combined business effective 1 April 2023

13 Feb 2023 13:00 CET

Tietoevry Corporation               STOCK EXCHANGE RELEASE               13
February 2023 2:00 p.m. EET

As announced in November 2022, Tietoevry is conducting a strategic review of its
Tietoevry Transform and Tietoevry Connect as a combined business, including a
potential sale or listing as a spin-off. Satu Kiiskinen is appointed as Managing
Director to lead the combined business and drive the strategic review. The
combined business, to be called Tietoevry Tech Services, is planned to be
operational during the second quarter of 2023. Tietoevry Tech Services will
drive dedicated focus on managed services and transformation across
applications, infrastructure and cloud.

Satu Kiiskinen is currently Managing Director, Tietoevry Transform and has been
with the company since 2013, having held executive roles in various business
areas over the years. She will continue to be a member of the Tietoevry Group
Executive Management Team and report to Kimmo Alkio, CEO of Tietoevry.

"I am very excited to take on the new role and fully embark on this special
journey with over 8 000 colleagues globally. We are creating a winning
combination of capabilities - building on our market position, competitive
services and global delivery capability - to the benefit of our Nordic
enterprise and public sector customers", comments Satu Kiiskinen.

"This is an important appointment in the light of the integration of the
businesses and the ongoing strategic review. Satu brings with her a broad set of
experiences across the technology services landscape, consistent customer value
creation and adaptation to the rapidly changing market conditions. I look
forward to the next exciting chapter for the whole Tietoevry Tech Services
team", comments Kimmo Alkio, CEO, Tietoevry.

During the first quarter of 2023 Tietoevry Connect and Tietoevry Transform will
continue to operate as distinct businesses under the leadership of the current
Managing Directors. The combined business of Tietoevry Tech Services is planned
to be operational and report its financials, as a new reportable segment, from
the second quarter of 2023. Tietoevry Tech Services' Managing Director
appointment becomes effective 1 April. The future plans and role for Johan
Torstensson currently Managing Director, Tietoevry Connect will be communicated
in due course.

The strategic review of the combined Tietoevry Transform and Tietoevry Connect
and subsequent potential sale or listing as spin-off is progressing as planned
and expected to take 12-18 months from the announcement date 30 November 2022.
While no decisions have been taken, any sale or listing as a spin-off remains
subject to market conditions, including but not limited to the prevailing
macroeconomic conditions and investor sentiment.

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 (at) tietoevry.com

Tietoevry Corporation

DISTRIBUTION

NASDAQ Helsinki
NASDAQ Stockholm
Oslo Børs

Principal Media

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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