The founder and CEO of Kamux Corporation, Mr. Juha Kalliokoski, has decided to step down from his current position as CEO, and the Board of Directors of the Company has appointed Mr. Tapio Pajuharju, M.Sc. (Econ.), b. 1963, as the new CEO. The change of CEO will take place during the first half of 2023, at a time to be specified later, so that Tapio Pajuharju will assume his role as CEO latest on June 1, 2023, and Juha Kalliokoski will step down from the Company's operative management at the latest on July 1, 2023.

Juha Kalliokoski founded Kamux in 2003 and has led the Company ever since. During this time, Kamux has grown from a Company with one showroom to an international Group with operations in Finland, Sweden and Germany and the third largest retailer of used cars in Europe. Kamux was listed on Nasdaq Helsinki Ltd.'s main list in 2017 and in 2021 the Group's revenue was EUR 937.4 million.

Juha Kalliokoski is also the Company's largest shareholder with a 14.7% ownership. Tapio Pajuharju has a long and versatile career in Finland and internationally. He joins Kamux from Harvia Plc, a global leader in the sauna and spa market, which he has led as CEO since 2016.

Prior to Harvia, Mr. Pajuharju has worked for example as CEO of Hartwall (2014-2016) and Lumene (2004 - 2014), in various leadership positions in the Huhtamaki Group, both in Finland and in the United States (1997 - 2004) as well as in the confectionery manufacturer Leaf in Finland and in Poland (1998-1997). Currently he is a member of the Board of Directors at Kamux Corporation (2021) as well as the Chair of the Board of Directors at Eezy Plc, a personnel services company (2019). Pajuharju will continue as a member of the Board of Directors at Kamux Corporation until the Annual General Meeting of 2023.