Innofactor Oyj - Changes board/management/auditors

Ari Rahkonen proposed as Innofactor’s Chairman of the Board

Innofactor Plc Stock Exchange Release January 27, 2015, at 8:30 Finnish time



After discussing with other major owners, Innofactor's Chairman of the Board,
Sami Ensio, has given the Board of Directors of the company his proposal for
the Annual General Meeting of 2015, according to which the Board of Directors
will propose to the Annual General Meeting the following: The Board of
Directors shall consist of six (6) members and the following persons shall be
elected for the next period, which will end as the General Meeting of 2016
ends. 

JT Bergqvist, Sami Ensio, Jukka Mäkinen and Ilari Nurmi are proposed to be
re-elected. Pekka Puolakka and Ari Rahkonen are proposed to be elected as new
members. Based on his discussions with major owners and the persons proposed to
be elected to the Board of Directors, Sami Ensio states that the members of the
Board of Directors support the motion of electing Ari Rahkonen as the new
Chairman. 

The Board of Directors will propose that the Chairman of the Board of Directors
shall be paid a fee totaling EUR 48,000 per year (previously EUR 36,000) and
the other members of the Board of Directors shall be paid a fee totaling EUR
24,000 per year (same as before). No separate fees for meetings shall be paid.
Half of the fee (50%) shall be paid monthly in cash and the other half (50%) as
shares of Innofactor Plc. The shares shall be handed over to the members of the
Board of Directors and, if necessary, shall be acquired from public trading
directly on behalf of the members within two weeks of publishing the interim
report of Innofactor Plc for January 1-March 31, 2015. In case shares will not
be acquired due to a reason arising from the company or the Board member, the
entire fee will be paid in cash. Innofactor Plc requires the members of the
Board of Directors to keep the shares, which they have received as part of the
fees, for the duration of their membership in the Board of Directors. 

The Board of Directors has decided to assign Ari Rahkonen, who is a nominee for
the Chairman of the Board, as Innofactor's advisor until the next General
Meeting. Mr. Rahkonen was the General Manager of Microsoft Oy until December
31, 2014. 

“I am excited for the possibility to have Ari Rahkonen as our Chairman of the
Board. Ari and I have been cooperating successfully for several years during
his role as the General Manager for Microsoft Finland. Ari knows Innofactor and
our major customers in Finland very well and his knowledge of the possibilities
offered by the Microsoft ecosystem in Finland and the Nordic Countries is
unique. I believe that Ari has a lot to give to Innofactor. It is great that he
can start as an advisor right away”, says Innofactor's founder, main owner and
CEO Sami Ensio. 

“Innofactor has successfully implemented its strategy as a central actor in the
Microsoft ecosystem. I believe that with my eight years of experience in
Microsoft, I can help Innofactor in its goal to further increase its business
in both Finland and its chosen near market areas. Innofactor has the know-how
required to help businesses in their transformations towards effective
cloud-based business solutions,” says Ari Rahkonen. 



Espoo, January 27, 2015

INNOFACTOR PLC
Board of Directors



Additional information:
Sami Ensio, CEO
Innofactor Plc
Tel: +358 50 584 2029
sami.ensio@innofactor.com



Distribution:
NASDAQ OMX Helsinki
Main media
www.innofactor.com

Innofactor is one of the leading Nordic IT solution providers focused on
Microsoft platforms. Innofactor delivers business critical solutions and
maintenance services as a system integrator and develops its own software
products and services. Innofactor's own product development is focused on
Microsoft's Windows Azure-based cloud solutions. Innofactor's customers include
over 1,000 private and public sector organizations in Finland, Denmark, Sweden
and elsewhere in Europe. The company has about 400 motivated and skilled
employees in several locations in Finland, Denmark and Sweden. From 2009 to
2013, Innofactor's annual net sales growth has been 43% on average. Leading
Finnish business media Kauppalehti and Balance Consulting selected Innofactor
as the most successful company on the Finnish stock exchange in 2013. The
Innofactor Plc share is listed in the technology section of the main list of
NASDAQ OMX Helsinki Oy.