Heikki Timonen Email & Phone Number

Company scope: Bulk and project shipping in the Baltic Sea and the North Sea. Renewable Energy projects in large scale, including own manufacturing and subcontracting. Key achievements: Develop bookkeeping and reporting practices according to business needs to provide reliable information for analyzing and steering company and projects efficiency, profitability, cash flow and implement corrective actions. Successful implementation of project management and reporting tool to provide project manager's easy-to-use tool and processes for project cost and cash flow forecasting. Reliable project completion calculation (POC). Company level reliable forecasts including cash flow. Cost follow-up's, analysis, sparring and suggestions for improvements. Balance sheet structure improvements, equity financing, company financials to support bankability, short-term debt financing for projects, long-term debt for company growth financing. Meriaura Group is listed both in the First North Growth Market Finland & Sweden. M&A. Financial reports full year, half year and quarterly reports, audits. Investor relations, company announcements and administration together with CEO. 2023 Turnover 66 mEUR (2018: 5), number of personnel 180 (37).

Company scope:Growth and transformation from a injection-moulding company providing suction bags for hospitals mainly in Europe and floor drains for domestic market to group of companies and businesses being global player in suction devices and fluid management in demanding patient care, medical device planning & manufacturing and a plastic floor drain provider in the Nordics 2018. In charge of Serres Group finance, administration and ICT, team of 10. Reporting to Serres Group CEO, dotted line reporting to CEO Serres Oy.Key achievements:Business-driven, result-oriented hands-on approach in finance, daily operations, investments, acquisitions, financing and risk management supporting strategy implementation, business development, profitability and cash flow. In charge of Group ICT and process development to provide scalable growth according to expanding business areas Participated actively in the strategy work and its implementation. Active role in the management team and in sparring. Deputy to the CEO of the Serres Group and to the CEO of Serres Oy.Serres Group continuing Turnover 2018 +60 mEUR (2008: 10), number of personnel +400 (80). Member of the Serres Oy Management Team 4/2009-12/2018. Serres Group Oy and Serres Oy, secretary of the Board of Directors 3/2011-12/2018.Vieser Oy, member of the Board of Directors 1/2016-12/2018, secretary of the Board 1/2015-12/2018.

Kauhajoki As, Fi

In charge of Serres Oy finance, administration and ICT, team of 5 persons. Reporting to the CEO of Serres Oy.Business and profitability oriented hands-on approach in finance, daily operations, investments and risk management. Was also in charge of ICT and process development, which have had an essential role in the scalability of growth and profitability. Participated actively in the strategy work and its implementation. Active role in management team and in sparring. Deputy to the CEO of the Serres Oy.Key achievements:ERP process and operative reporting development supporting businesses and decision making by providing reliable base and data for growth, analysis and steering. Active business sparring. Member of the Serres Oy Management Team 4/2009-12/2018. Secretary of the Board of Directors 3/2011-12/2018

Vantaa, Fi

In charge of Exel Group operative reporting development and controller function development to support steering and management of the growing Exel Group businesses.Project manager of the global ERP-Project (Microsoft AX). Two direct subordinates, indirect subordinates varied from three to nine during the ERP project. Superior Group CFO. Key achievements:Operative reporting and consolidation tool covering all nine manufacturing plants in seven counties, providing comparable reporting and KPIs. Exel global ERP defined and built well according to business and manufacturing plants needs to provide fluent and comparable prosesses, KPIs and reporting between all manufacturing units. Global ERP improved also material purchases within the group and net working capital management. Successful roll-outs were made in Finland, UK and Belgium.Secretary of the Exel Group Management team 3/2006-4/2009.

Helsinki, Southern Finland, Fi

In charge of the Rettig Group operative and statutory reporting, organizing auditing in the group companies, balance sheet reviews in divisions and in major subsidiaries, participating in several business and structural projects, in charge of the IFRS (IAS) readiness for Rettig Group. Five direct subordinates, superior Group CFO. The Rettig Group underwent a major transformation 2001-2005 by divesting, among others, Sinebrychoff and Marli and investing into European radiator factories and vessel carriers.

In charge of the finance, administration and ICT (team of nine persons). Superior company CEO, dotted-line reporting to the division CFO. Danisco Sweeteners Oy turnover was approx. EUR 100m, personnel approx. 140. Company was the largest xylitol manufacturer in Europe. Over 90% of sales were exported. In 1999-2001 company went through a transformation from a Cultor company (Xyrofin Oy) to a Danisco company, including a change of the fiscal structure and changes in operations to match with the Danisco practices.

In charge of operational group reporting including monthly reports, financial budgeting process, forecasts and financial strategy process. Ad hoc reports and tasks to the finance director, CFO, group and division management. Various financial and Business development projects. Superior Cultor Group finance director.Consolidated Turnover 1998 of Cultor Group was approx. EUR 1,5 billion, personnel approx. 8000. Hyperion Enterprise reporting software implementation 1998, roll-out to divisions and training. Danisco AS made a public tender offer for Cultor Oy in March 1999. Participated in the finance and reporting integration teams until 10/1999. In charge of the Cultor Group consolidation until 1/2000.

In charge of Cultor Nutrition and Cultor Feed Ingredients -sectors (Turnover approx. EUR 1,0 billion) operational reporting consolidation and ad hoc tasks. Assistant for the Group Accounting Manager. Various financial and Business development tasks in the Cultor Group mother company Cultor Oyj.