GOFORE PLC COMPANY ANNOUNCEMENT 15 NOVEMBER 2019 AT 9.05
INSIDE INFORMATION
Mikael Nylund appointed CEO of Gofore, Timur Kärki nominated for full-time Chairman of the Board – Gofore aims for the official list of Nasdaq Helsinki in 2021
The Board of Directors of Gofore Plc has appointed Mikael Nylund (44) as the new CEO of the company as of 11 December 2019. The current CEO and one of Gofore’s founders, Timur Kärki, is nominated for full-time Chairman of the Board.
Mikael Nylund has played a significant role in developing Gofore’s operations since 2010. He has been deputy CEO since 2018 and has been on the Executive Management Team since 2010, most recently responsible for M&A and the management consulting business.
“Mikael Nylund represents continuity in the management of the company. He has strong expertise in our industry and the ability to develop the company in a rapidly changing market. I believe that Nylund is an excellent choice in terms of his abilities and expertise to lead Gofore to future growth”, comments Ali U. Saadetdin, Chairman of the Board of Directors of Gofore.
“I thank Gofore for the trust and I look forward to leading the company with the goal of continuing the good development. Gofore’s knowledgeable and committed employees and a strengthening customer base provide a solid foundation for future success. The advancement of digitalization will bring significant opportunities for the company also in the future”, says Mikael Nylund, CEO of Gofore as of 11 December 2019.
A separate notice is given to Extraordinary General Meeting. The Board proposes to the General Meeting that Timur Kärki be elected as a new member of the Board. At the same time, long-serving Chairman of the Board Ali U. Saadetdin will resign. In addition, all Board members have informed the company that if Timur Kärki is elected a Board member, they will elect him as full-time Charirman of the Board. Kärki has been the CEO of the company since 2010. During this time, the company has grown from about EUR 1 million in net sales to its current size.
“After my long term as CEO, I want to take a new perspective on company management. I am ambitious and result-driven about my future role as Chairman of the Board of Directors. We strive to maintain the company’s unique culture and value base, which will also form the basis for our future growth”, says Timur Kärki.
The Board of Directors of Gofore has set a target for the company to transit to the official list of Nasdaq Helsinki stock exchange in 2021. The company’s shares are currently quoted in the First North Growth Market Finland maintained by Nasdaq Helsinki Oy. In connection with the listing, the company has begun preparations for, amongst other things, the transition to IFRS financial reporting.
“Since the listing on First North two years ago, Gofore has grown to the next company size classification. In my role as Chairman of the Board, I have more time for strategic projects, such as preparing for the transition to the official list of Nasdaq Helsinki, Kärki says.
“On behalf of myself and the other founders, I thank Ali U. Saadetdin for his 14 years of uncompromising work on the Board. With his experience and vision, Saadetdin has been the backbone of the company during these years”, Timur Kärki continues.
Further enquiries:
Ali U. Saadetdin, Chairman of the Board of Directors, Gofore Plc
tel. +358 40 844 4201
ali.saadetdin@saadetdin.com
Timur Kärki, CEO, Gofore Plc
tel. +358 40 828 5886
timur.karki@gofore.com
Mikael Nylund, Depty CEO, Director, M&A, Gofore Plc
tel. +358 40 540 2280
mikael.nylund@gofore.com
Certified Adviser: Evli Bank Plc, tel. +358 40 579 6210
Gofore Plc is a Finnish digitalisation specialist with international growth plans. We’re made up of 580 people across Finland, Germany, Spain, United Kingdom and Estonia – top experts in our industry who are our company’s heart, brain, and hands. We use consulting, coding and design as tools to incite positive change. We care for our people, our customers, and the surrounding world. Our values guide our business: Gofore is a great workplace that thrives on customer success. In 2018, our net sales amounted to EUR 50.6 million. Gofore Plc’s shares are quoted in the Nasdaq First North Growth Market Finland. Learn to know us better at www.gofore.com.