Board of Directors of Musti Group plc elected Jeffrey David the Chairman of the Board of Directors and Ingrid Jonasson Blank the Vice-Chairman of the Board of Directors. The Board of Directors also appointed members to its Audit Committee and Remuneration Committee. Ingrid Jonasson Blank was elected Chairman of the Audit Committee and Ilkka Laurila and Inka Mero as other members of the Audit Committee.

Johan Dettel was elected Chairman of the Remuneration Committee and Jeffrey David and Ingrid Jonasson Blank as other members of the Remuneration Committee. The Board of Directors assessed the independence of its members and concluded that all members are independent of the company and its major shareholders.