SPINNOVA PLC, COMPANY RELEASE, 14 March 2024 at 8:05 a.m. EET
Changes in Spinnova Plc's Management Team

Spinnova makes changes in its Management Team to align roles according to the updated strategy. As of 1 May 2024 the Management Team constitutes the following members and roles:

Tuomas Oijala, CEO
Ben Selby, Chief Financial Officer and Deputy CEO
Santeri Heinonen, Chief Operating Officer
Lasse Holopainen, Chief Revenue Officer
Shahriare Mahmood, Chief Product and Sustainability Officer
Juha Salmela, Chief Technology Officer

Chief Sales Officer Allan Andersen and Executive Vice President, Production Scaling Teemu Lindberg will leave the Management Team. Both have been working for Spinnova and have been part of the Management Team since 2022. Allan and Teemu will continue to support with the transition period until the end of April 2024.

In addition, Chief Operations Officer Petri Poranen has decided to step down from the Spinnova Management Team due to health reasons. Petri has been working for Spinnova and has been a Management Team member since 2018.

"I would like to thank Allan, Teemu and Petri for their dedication and efforts in working towards Spinnova's scaling and commercialization. We are also very happy that Allan and Teemu are both continuing to support our customers, employees, and other key stakeholders during the coming months to enable a smooth handover and continued development of our business," says CEO Tuomas Oijala.

Spinnova Plc

For further information, please contact:
Tuomas Oijala, CEO
Tel. +358 20 703 2430
ir@spinnova.fi

Certified advisor:
Aktia Alexander Corporate Finance Oy
Tel. +358 50 520 4098

Distribution:
Nasdaq Helsinki
Key media

SPINNOVA - Sustainable textile materials, naturally

Spinnova transforms the way textiles are manufactured globally. Based in Finland, Spinnova has developed breakthrough technology for making textile fibre out of wood or waste, such as leather, textile or agricultural waste, without harmful chemicals.

The patented SPINNOVA® fibre creates zero waste and side streams or microplastics, and its CO2 emissions and water use are minimal. SPINNOVA® materials are quickly biodegradable and circular. Spinnova is committed to using only sustainable raw materials such as FSC certified wood and waste. SPINNOVA® fibre is produced without harmful or complex chemical processes, and has the touch and feel of natural fibres such as cotton and linen.

Spinnova has received awards from e.g. the Fast Company, ISPO, Scandinavian Outdoor, ANDAM, Monocle and Marie Claire UK.

Spinnova's shares (SPINN) are listed on the Nasdaq Helsinki First North Growth Market.

SPINNOVA® home: www.spinnova.com
Corporate & IR site: www.spinnovagroup.com