Cargotec's Board of Directors organising meeting 2024

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 30 MAY 2024 AT 4:00 PM (EEST)

Cargotec's Board of Directors organising meeting 2024

Cargotec Corporation's Board of Directors elected by the Annual General Meeting has in its organising meeting elected Ilkka Herlin as Chair of the Board. Jukka Moisio was elected as Vice Chair of the Board.

The Board of Directors considers all members to be independent of the company and all except Ilkka Herlin to be independent of major shareholders. In the overall evaluation, the Board considered the over ten year term of Ilkka Herlin but considered him still to be independent of the company.

The Board of Directors elected among its members Eric Alström, Raija-Leena Hankonen-Nybom and Tuija Pohjolainen-Hiltunen as members of the Audit and Risk Management Committee. Raija-Leena Hankonen-Nybom was elected as Chair of the committee.

Board members Ilkka Herlin, Jukka Moisio and Ritva Sotamaa were elected to the Nomination and Compensation Committee. Ilkka Herlin was elected as Chair of the committee.

The Demerger Committee, established i?n 2023 to support the standalone Kalmar listing readiness preparations, has been dissolved.

Outi Aaltonen, Senior Vice President, General Counsel, will continue as Secretary to the Board.

For further information, please contact:
Mikko Puolakka, Executive Vice President and CFO, tel. +358 20 777 4000
Outi Aaltonen, Senior Vice President, General Counsel, tel. +358 20 777 4000

Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec has signed the United Nations Global Compact Business Ambition for 1.5°C. The company's sales in 2023 totalled approximately EUR 4.6 billion and it employs around 11,300 people. www.cargotec.com