Market announcement

AS Harju Elekter Group

LEI code

5299009GM96I0NYKWS93

Size of the entity

Large group

Economic activities

Real Estate Activities

Industry sector(s)

Credit rating agency

Country of registered office

Estonia

General information

Categories

Other corporate action

Unique data record identifier

10087

Submission date and time

06.02.2023 15:55:00

Content of announcement in Estonian

Title

Muudatus Harju Elekter AB juhatuses

Message

AS  Harju Elekter on otsustanud poolte kokkuleppel lõpetada leping Harju Elekter
AB  juhataja Mikael  Shwartz Jonssoniga.  Mikael Jonsson  jätkab juhatajana kuni
28. veebruarini  2023, peale  mida  võtab  juhtimise  üle  kohusetäitjana Martin
Frank.

Martin  Frank on  Harju Elekter  AB-s töötanud  turundus- ja  müügijuhina alates
2021. aastast.  Enne seda on  ta töötanud erinevatel  juhtivatel kohtadel ABB-s,
Hitachi  Energy's ja  Westinghouse Electric  Company's. Tal  on inseneriteaduste
magistrikraad  Lundi Ülikoolist  ning MBA  Uppsala Ülikoolist.  Ta ei  oma Harju
Elektri aktsiaid.

Harju  Elekter AB uue juhi leidmiseks korraldatakse konkurss plaaniga positsioon
täita kuue kuu jooksul.

Harju  Elekter on  rahvusvaheline tööstuskontsern,  millel on  laialdane kogemus
kestlike  elektrijaotuslahenduste pakkumisel. Harju  Elekter Grupp projekteerib,
toodab     ja    paigaldab    elektriseadmeid    energeetika-,    tööstus-    ja
taristuettevõtetele  ning avalikele ja ärihoonetele.  Grupi Eesti, Soome, Rootsi
ja Leedu üksustes töötab ligikaudu 900 töötajat ning kontserni 2022. aasta 9 kuu
müügitulu oli 125,3 miljonit eurot.

Tiit Atso
Juhatuse esimees
+372 674 7400

Content of announcement in English

Title

Changes in the Management Board of Harju Elekter AB

Message

AS Harju Elekter has decided, by agreement between the parties, to terminate the
contract with Harju Elekter AB's Managing Director Mikael Shwartz Jonsson.
Mikael Jonsson will continue as Managing Director until 28 February 2023, after
which Martin Frank will take over as acting director.

Martin Frank has worked as the Head of Marketing and Sales at Harju Elekter AB
since 2021. Before that, he worked in various leadership positions at ABB,
Hitachi Energy and Westinghouse Electric Company. He holds a master's degree in
engineering from Lund University and an MBA from Uppsala University. He does not
own Harju Elekter shares.

In order to find a new Managing Director for Harju Elekter AB, a competition
will be organised with a plan to fill the position within six months.

Harju  Elekter is an international industrial group with extensive experience in
providing future proof solutions for electrical power distribution. We engineer,
manufacture,  and install  electrification solutions  for utilities, industries,
infrastructure,  public and commercial buildings.  The entities of Harju Elekter
Group  in Estonia, Finland, Sweden, and  Lithuania employ around 900 people, and
the Group's nine-month revenue in 2022 was 125.3 million euros.

Tiit Atso
Chairman of the Management Board
+372 674 7400