Exel Composites has today appointed Kari Loukola M.Sc. (Econ) and M.Sc. (Eng) as Executive Vice President, Industrial Solutions business unit and member of the Exel Leadership Team as of 25 February 2025.

Mr. Loukola currently serves as Senior Vice President, Wind at Exel Composites. Over the past 11 years Mr. Loukola has held several senior leadership positions within Exel, including SVP & General Manager of multiple business units and SVP Sales & Marketing. Prior to joining Exel Composites, Loukola worked at Nokia Networks for more than 20 years in various management roles, including P&L responsibilities.

Ms. Kathy Wang, currently EVP, Industrial Solutions business unit has informed the company of her desire to step down for family reasons. Ms. Wang will stay with Exel in an active role until a smooth and full handover has taken place.

"We are pleased to announce this seamless internal leadership transition in the Industrial Solutions business unit. Kari has a long and successful track record with Exel in various executive roles, and most recently he has been responsible for the good development in the Wind business. I am confident that the positive development and growth in the Industrial Solutions business unit will further accelerate under Kari's leadership. I also want to take this opportunity to thank Kathy for her excellent contribution to Exel for many years and wish her all the best in her next chapter," says Paul Sohlberg, President and CEO of Exel Composites.

Additional Information:

Lilli Riikonen, Head of Investor Relations

investor@exelcomposites.com

tel. +358 50 351 1128

Distribution:

Nasdaq Helsinki
Media
www.exelcomposites.com

Exel Composites in brief

Exel Composites is one of the largest manufacturers of composite profiles and tubes made with pultrusion and pullwinding technologies and a pultrusion technology forerunner in the global composite market. Our forward-thinking composite solutions made with continuous manufacturing technologies serve customers in a wide range of industries around the world. You can find our products used in applications in diverse industrial sectors such as wind power, transportation and building and infrastructure.

Our R&D expertise, collaborative approach and global footprint set us apart from our competition. Our composite solutions help customers save resources, reduce products' weight, improve performance and energy efficiency, and decrease total lifetime costs. We want to be the first choice for sustainable composite solutions globally.

Headquartered in Finland, Exel Composites employs over 600 forward-thinking professionals around the world and is listed on Nasdaq Helsinki. To find out more about our offering and company please visit visit www.exelcomposites.com.