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    SPINN   FI4000507595

SPINNOVA OYJ

(SPINN)
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Delayed Nasdaq Helsinki  -  05/18 11:29:44 am EDT
7.560 EUR   -2.14%
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Spinnova appoints Lasse Holopainen as General Counsel and Secretary to the Board of Directors

11/16/2021 | 01:31am EDT

Sustainable textile material company Spinnova has appointed Lasse Holopainen as General Counsel and Board Secretary, to support the next phase of the company's expansion.

Spinnova has appointed Master of Laws Mr Lasse Holopainen, 40, as its General Counsel and Board Secretary as of 19 November 2021.

As General Counsel, Lasse will be responsible for all legal matters of the company and advise senior management on legal and compliance related topics. As Board Secretary, he will also support and advise Spinnova's Board of Directors and its committees in their work.

Lasse joins Spinnova from Nokia Corporation, where he has held roles monetizing Nokia's intellectual property assets as well as in the legal department supporting Nokia's global operations. Lasse Holopainen has also previously headed the legal function of Tuxera Inc, prior to which he advised clients in M&A and corporate law at Roschier Attorneys Ltd. 

- I am delighted to welcome Lasse to Spinnova. Spinnova has now reached the scale at which an in-house general counsel is needed to support its future growth. With his extensive experience, Lasse is a strong addition to the team, comments Ben Selby, CFO of Spinnova.

This fall, Spinnova has been recruiting actively to its commercial, R&D and corporate functions teams to support the company's growth and scaling. 

Ben Selby
Chief Financial Officer
Spinnova Plc
ben.selby@spinnova.com
+358 50 305 8077

Spinnova - Sustainable textile materials, naturally

Spinnova transforms the way textiles are manufactured globally. Based in Finland, Spinnova has developed breakthrough technology for making textile fibre out of wood or waste, such as leather, textile or food waste, without harmful chemicals.

The patented SPINNOVA® fibre creates zero waste and side streams or microplastics, and its CO2 emissions and water use are minimal. SPINNOVA® materials are quickly biodegradable and circular. Spinnova is committed to using only sustainable raw materials such as FSC certified wood and waste.

Spinnova has received awards from e.g. the Fast Company, ISPO, Scandinavian Outdoor, ANDAM, Monocle and Marie Claire UK.

Spinnova's shares (SPINN) are listed on the Nasdaq Helsinki First North Growth Market.
 

SPINNOVA® home: www.spinnova.com
Corporate & IR site: www.spinnovagroup.com

https://news.cision.com/spinnova/r/spinnova-appoints-lasse-holopainen-as-general-counsel-and-secretary-to-the-board-of-directors,c3453908

(c) 2021 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
NOKIA OYJ -0.81% 4.7195 Delayed Quote.-14.64%
SPINNOVA OYJ -2.14% 7.56 Delayed Quote.-42.48%
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05/13SPINNOVA PLC : Managers' Transactions
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05/12SPINNOVA OYJ : Managers' Transactions
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05/11SPINNOVA PLC : Decisions of the Constitutive Meeting of the Board of Directors
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Financials
Sales 2022 26,0 M 27,3 M 27,3 M
Net income 2022 -4,96 M -5,21 M -5,21 M
Net cash 2022 54,8 M 57,6 M 57,6 M
P/E ratio 2022 -75,6x
Yield 2022 -
Capitalization 388 M 407 M 407 M
EV / Sales 2022 12,8x
EV / Sales 2023 3,62x
Nbr of Employees 58
Free-Float 63,6%
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Mean consensus HOLD
Number of Analysts 1
Last Close Price 7,56 €
Average target price 10,00 €
Spread / Average Target 32,3%
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Managers and Directors
Janne Tapani Poranen Chief Executive Officer & Director
Ben Selby Chief Financial Officer
Timo Juhani Soininen Chairman
Juha Matti Salmela Director & Chief Technology Officer
Petri Poranen Chief Operating Officer
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