Vincit Plc, company announcement August 21, 2025 at 08:30 EEST

Vincit updates the composition of its Leadership Team and streamlines operations to accelerate the profitability turn

To support its growth and profitability targets in line with its strategy, Vincit updates the composition of its Leadership Team and streamlines the management structure and organization of its Commerce, Core, and Data & AI business areas.

Changes in the composition of the Leadership Team and a new Extended Leadership Team

The following changes have been made to the areas of responsibility and composition of Vincit's Leadership Team:

Jens Krogell has been appointed Chief Growth Officer at Vincit. Krogell has most recently served as the Head of Vincit's Nordic operations. In his new role, Krogell is responsible for Vincit's long-term growth initiatives, focusing on expansion in Scandinavia, M&As, and strategic partnerships. He continues as Vincit's Deputy CEO and a member of the Leadership Team, reporting to CEO Julius Manni.

Anssi Kuutti, Director responsible for Vincit's Digital Products & Services and US business, and Petra Sievinen, Chief Marketing and Communications Officer, will be part of Vincit’s Extended Leadership Team going forward.

Ville Vakkilainen has been appointed Director of Vincit’s Data & AI business area and member of the Extended Leadership Team as of September 1, 2025. Vakkilainen moves to Vincit from Innofactor, where he worked for over 12 years in several leadership positions, most recently as AI Director.

As of September 1, 2025, Vincit’s Leadership Team consists of the following members:

Julius Manni, Chief Executive Officer
Mika Immo, Chief Revenue Officer
Jens Krogell, Deputy CEO and Chief Growth Officer
Mari Kuha, Chief People Officer
Kimmo Kärkkäinen, Chief Financial Officer

As of September 1, 2025, Vincit has an Extended Leadership Team, which, in addition to the above-mentioned members, includes:

Petra Sievinen, Chief Marketing and Communications Officer
Ville Vakkilainen, Director, Data & AI
Suvi Albert, Director, SAP Solutions & Core Processes
Riku Kärkkäinen, Director, Composable Commerce
Anssi Kuutti, Director, Digital Products & Services

As of September 1, 2025, the business area directors will report directly to CEO Julius Manni.

Change negotiations to support the streamlining of business area structures

Vincit initiates change negotiations on August 21, 2025, concerning its Commerce, Core, and Data & AI businesses. The change negotiations involve 113 persons. The negotiations primarily focus on role changes, which aim at transferring personnel from non-billable roles to billable roles and eliminating overlapping roles between business areas.

The change negotiations are estimated to last until September 1, 2025, and to result in up to 9 employment terminations. The changes are estimated to result in one-off costs of EUR 0.1 million and expected to generate approximately EUR 0.8 million in direct annual cost savings starting from the last quarter of 2025.

The change negotiations will not affect the guidance Vincit provided in its half-year report regarding revenue and relative profitability for 2025.

Additional information

Vincit Plc, CEO Julius Manni, phone: +358 50 424 3932

Certified advisor: Aktia Alexander Corporate Finance Oy, phone: +358 50 520 4098

Vincit Plc in brief
Vincit turns digital into business results by combining leading enterprise platforms and tailored solutions Vincit Plc’s shares are listed on the Nasdaq First North Growth Market Finland marketplace. www.vincit.com