AFRY's Board of Directors has been working on the recruitment process of a new CEO since 9 September 2024.

"I'm pleased that Linda Pålsson today has accepted the role as AFRY's new President and CEO. The merger of ÅF and Pöyry in 2019 created a unique knowledge company in the global energy and green industrial transition as well as a strong Nordic position in infrastructure. Under Jonas Gustavsson's leadership, AFRY has shown strong growth and reached annual net sales of SEK 27 billion. I would like to take the opportunity to thank Jonas for his eight years at AFRY and for great collaboration. Under Linda's leadership, the company will continue to develop its global leading position in the green transition with increased focus on profitability. Linda has a comprehensive understanding of the complexity of the green transition and experience of leading large complex projects with the customer in focus", says Tom Erixon, Chairman of the Board of AFRY.

"AFRY is a fantastic company, and I look forward with great anticipation to leading AFRY in this next phase. With its unique position, AFRY is well equipped to meet our clients' needs for large-scale projects that help accelerate the transition to a more sustainable society. We will continue to work on strengthening our project deliveries to our clients and have a strong focus on structural profitability improvements. I'm grateful for the trust and look forward to taking the next step on the journey together with the whole team at AFRY", says Linda Pålsson.

Linda Pålsson has extensive experience from senior positions both inside and outside AFRY. Linda is today the Executive Vice President and Head of the Energy Division and has previously held several roles at AFRY such as Vice President Hydro Global & Energy Nordics, Business Area Manager Energy Projects and Market Area Manager Transmission & Distribution. Linda has also been CEO of Triventus Windpower AB and Regional Manager of Infratek. Linda was born in 1974 and holds a degree in Electrical Engineering from Chalmers University of Technology in Gothenburg, Sweden.

For further information, please contact:

Andrea Giesecke, Head of Sustainability Communication and PR
+46 762 655 216, andrea.giesecke@afry.com

This information fulfils AFRY AB's (publ) disclosure requirements under the provisions of the EU's Market Abuse Regulation and the Swedish Securities Markets Act. This information was released, through the agency of the above-mentioned contact person, for publication on January 12, 2025 at 17.00 CET.

This is a translation of the Swedish original. The Swedish text is the binding version and shall prevail in the event of any discrepancies.