Terveystalo Plc. Stock Exchange Release, 31 October 2023 at 9:00

In October 2022, Terveystalo announced changes to its operating model and organisational structure. As of 1 January 2023, Terveystalo's organisation will consist of three business areas. This change is completed as planned by combining the commercial and operational management of the Healthcare Services business area under a single leader. Sari Heinonen, b.1976, PhD, Marketing, has been appointed Executive Vice President of the Healthcare Services Business Area and a member of Terveystalo's Executive Team as of 5 February 2024. Sari Heinonen will report to CEO Ville Iho in her new position. Currently, Heinonen is the CEO of OP Life Assurance. Prior to her current position, Heinonen held several management positions in the OP Financial Group, including Senior Vice President of Private Customer Banking, Chief Marketing Officer, and Senior Vice President of Digital Channel Development.

Chief Operating Officer Henri Mäenalanen will continue as a member of Terveystalo's Executive team and will serve as interim EVP of the Healthcare Services business area until Sari Heinonen takes up her position. Mr. Mäenalanen will be responsible for completing the profit improvement program until 31 March 2024, after which he will take over the position of Executive Vice President of Portfolio Businesses.

Stefan Kullgren, who started as Executive Vice President of the Swedish Business Area and CEO of Feelgood AB on 1 October 2023, has been appointed as a member of Terveystalo's Executive Team as of 1 November 2023.

The changes will further clarify responsibilities and strengthen effective performance management and the implementation of integrated care pathways and quality care. The changes will also support the expansion of the Swedish business area into healthcare services and effectively scaling digital capabilities across the Group.

In addition to the above-mentioned executives, Terveystalo's Executive team will include Petri Bono, Chief Medical Officer, Juuso Pajunen, Chief Financial Officer, Mikko Tainio, Executive Vice President of Portfolio Businesses until 31 March 2023, Ilari Richardt, Senior Vice President of Digital Services and Minttu Sinisalo, Senior Vice President of People and Careers. All the above report to President, and CEO Ville Iho.

Marja-Leena Tuomola, Chief Commercial Officer, plans to move from her day job to a full-time board professional in January 2025. Tuomola will continue as Chief Commercial Officer for the time being. As of 1 November 2023, Ms Tuomola will report to the EVP of the Healthcare Services Business Area.

- We are now completing the transformation we started a year ago. Our rapidly progressed profit improvement program creates a solid foundation, and the new structure will take us forward towards achieving an adjusted EBITA margin of at least 12% in 2025, in line with our financial targets, comments Ville Iho, President, and CEO of Terveystalo.

- I warmly welcome Sari Heinonen to Terveystalo and to our Executive team. Sari brings to our team ironclad commercial expertise and experience in leading customer-focused digital channels and services. Henri Mäenalanen and Marja-Leena Tuomola have successfully led our profit improvement program which is well ahead of schedule. After the completion of the program, Henri will continue the work in Portfolio Businesses. I warmly thank Mikko Tainio for the successful reorganisation of the Portfolio Businesses. The business area is now ready for the next phase under Henri's leadership, Ville Iho continues.

- The purpose of Terveystalo to fight for a healthier life appeals to me greatly, especially because of its broad social relevance. Finns are increasingly interested in their health and want to invest in it in a preventive way. I am really excited to be able to develop Terveystalo's services further together with the company's top professionals, Sari Heinonen says.

Attachments:

CV Sari Heinonen
CV Stefan Kullgren

Terveystalo communications

Distribution:
Nasdaq Helsinki Oy
Principal media
www.terveystalo.com