The Board of directors of Efecte Plc has appointed Niilo Fredrikson as the new CEO. He will start as the CEO by the end of the year. Niilo Fredrikson is currently working at Nokia.

Before that he was member of the management team of Comptel Plc, being responsible for the Intelligent Data business unit. Nokia acquired Comptel last year. Fredrikson has been a board member in Efecte Plc since 2017 and knows well the company's business and prospects.

He will resign from the board when he starts as the CEO. The current CEO's employment at Efecte will continue until the end of August. CFO Hannu Nyman will act as the interim CEO until Niilo Fredrikson can start in his position.