The Chairman of the Board of Directors of Glaston Corporation, Teuvo Salminen, has informed the Company that he will not continue as Chairman of the Board of Directors from the beginning of 2021. He will, however, continue as a member of the Board of Directors until the Annual General Meeting in spring 2021. According to the Company's Articles of Association, the Board of Directors elects the Chairman of the Board of Directors amongst themselves. In line with the recommendation set out by the Company's Nomination Board in August 2020, the Board of Directors has in its meeting elected Veli-Matti Reinikkala as the Chairman of the Board of Directors as of 1 January 2021. Starting on 1 January 2021, Acting CEO & President Sasu Koivumäki resumes his position as Chief Sales Officer (CSO) responsible for global sales and as Deputy to the CEO.