AutoStore Holdings Ltd. announced that following the sale of shares in the company by funds associated with Thomas H. Lee Partners LP ("THL") in February 2024, the number of directors that can be directly appointed to the board of directors by THL pursuant to Article 121 of the bylaws has been reduced with one member, from three to two. As a result, Edzard Overbeek has resigned from the board of directors. Following the resignation, the board will continue to constitute a quorum and is comprised of Jim Carlisle (co-chair, shareholder appointed board member), Vikas J. Parekh (co-chair, shareholder appointed board member), Andreas Hansson (shareholder appointed board member), Michael K. Kaczmarek (shareholder appointed board member).

Sumer Juneja (shareholder appointed board member), Hege Skryseth (independent board member), Viveka Ekberg (independent board member) and Kjersti Wiklund (independent board member).