Decisions of the inaugural meeting of Wetteri Plc’s Board of Directors

Wetteri Plc  Stock exchange release 20 May 2025 at 4:15 p.m. EET

Today, at its inaugural meeting after the Annual General Meeting (AGM), Wetteri Plc’s Board of Directors, elected at the AGM, elected Hannu Pärssinen as Chair and Satu Mehtälä as Vice Chair from among its members. The other members of the Board are Martti Haapala, Mikael Malmsten and Aarne Simula.

At the Board’s inaugural meeting, Satu Mehtälä was elected as Chair of the Audit Committee and Hannu Pärssinen was elected as the member of the Audit Committee. Samuli Koskela, secretary to the Board of Directors, was elected as secretary to the Audit Committee. Hannu Pärssinen was elected as Chair of the Remuneration Committee and Mikael Malmsten, Martti Haapala and Aarne Simula were elected as its members.

The Board of Directors stated that, according to the charter concerning the composition of the Company's Audit Committee, three members should be appointed to the Committee. However, the Board of Directors decided to deviate from this provision of the Rules of Procedure and elected two members to the Audit Committee. The exception is based on the fact that, taking into account the composition of the Board of Directors and the special expertise of the members, the proper performance of the Committee's duties can also be ensured by two members.

The Board of Directors stated that the deviation is a temporary arrangement and that the company will report on this in accordance with the recommendation of the Corporate Governance Code in the 2025 Corporate Governance Statement. The Board of Directors will reassess the composition of the Audit Committee in connection with the election of the members of the Board of Directors after the next Annual General Meeting.

Further information:  

Aarne Simula, CEO, Wetteri Plc  
Tel. +358 400 689 613, [email protected]  

Pietu Parikka, CFO, COO, Wetteri Plc  
Tel. +358 50 344 2886, [email protected]  

Wetteri Plc – an entrepreneur-driven growth company in the automotive industry

Wetteri Plc is an entrepreneur-driven growth company in the automotive industry. In addition to the retail trade of passenger, commercial and heavy-duty vehicles, the company provides maintenance and damage repair services ranging from passenger cars to heavy-duty vehicles. The company has 35 offices in Finland, and its head office is located in Oulu. The company employs approximately 800 people, of whom approximately 76% work in maintenance and damage repair services. Wetteri is a promoter of the digitalisation of the automotive industry and an important player in the joint journey towards emission-free driving. More information: www.sijoittajat.wetteri.fi.