Mandatum Oyj: Change in the Board of Directors of Mandatum plc

Mandatum plc, Stock exchange release, 19 August 2026 at 11.15 am EEST

Member of the Board of Directors of Mandatum plc, Herman Korsgaard, has today informed the company that he will step down from the Board of Directors. The change becomes effective immediately.
 

Herman Korsgaard has served as the nominated representative of Altor Fund Manager AB ("Altor") on Mandatum's Board of Directors since 2024. On 17 August 2026, Altor announced that it had sold its entire shareholding in Mandatum. As a result, Korsgaard has decided to leave Mandatum's Board of Directors.

Following the change, Mandatum's Board of Directors will consist of seven members. Following Korsgaard's resignation, Mandatum's Board of Directors has appointed Kimmo Laaksonen from among its members as a member of Mandatum's Audit Committee.

"Herman has brought valuable insight and experience to the Board's work. On behalf of the Board, I would like to thank him for his excellent contribution," says Patrick Lapveteläinen, Chair of the Board of Directors of Mandatum.

Additional information:

Lotta Borgström
VP, Investor Relations
Tel. +358 50 022 1027
lotta.borgstrom[a]mandatum.fi

Niina Riihelä
SVP, Communications, Brand and Sustainability
Tel. +358 40 728 1548
niina.riihela[a]mandatum.fi

Mandatum in brief

Mandatum is a major financial services provider, combining expertise in asset and wealth management and life insurance. Clients include institutional investors, companies and private individuals. Mandatum offers a broad range of services encompassing asset and wealth management, compensation and rewards, supplementary pensions and personal risk insurance. Skilled personnel, a strong brand and a proven investment track record are at the centre of Mandatum's success. The company has been listed on Nasdaq Helsinki since 2023. mandatum.fi/en/group/

Distribution:

Nasdaq Helsinki
Financial Supervisory Authority
Key media
www.mandatum.fi