The Board of Directors of CapMan Plc announced that Andreas Tallberg, who has served as the Chair of the Board of Directors since 2017, has announced that he is not available for re-election to the Board of Directors. CapMan's Shareholders' Nomination Board proposes to the company's 2023 Annual General Meeting that CapMan's current CEO Joakim Frimodig be elected as a member of the company's Board of Directors. The proposed members of the Board of Directors have stated that if the Annual General Meeting decides on the composition of the Board of Directors in accordance with the proposal of the Shareholders' Nomination Board, the Board of Directors will elect Frimodig as Chair from among its members.

Frimodig would serve as full-time Chair of the Board of Directors as of 15 March 2023 and his duties would include execution of CapMan's business strategy, adopted in September 2022, together with the CEO, especially in relation to significant growth initiatives and M&A transactions. CapMan Plc strengthens its management by appointing Johan Pålsson, Anna Olsson and Antti Uusitalo to the company's Management Group as of 15 March 2023. Johan Pålsson, who has been a Co-Managing Partner of CapMan Buyout since 2017 and has extensive experience in private equity investments, will be responsible for the company's Buyout operations as Managing Partner.

Anna Olsson has led the company's ESG operations since autumn 2021 and will continue in this role as a member of the Management Group. Antti Uusitalo heads CapMan's Special Situations team, having been a partner in the team since 2020. Following the appointments, the composition of the Management Group will become even more international.