Genovis’ founder Sarah Fredriksson proposed new Chairperson of the company – Vice President Fredrik Olsson appointed new CEO

Genovis’ Board has decided to streamline operations to include only the core business, enzyme products that are primarily used in pharmaceutical research and production. The subsidiary GeccoDots will therefore be spun off and will be financed by external funds moving forward. Sarah Fredriksson will work operationally in GeccoDots moving forward, primarily focusing on commercial development and stable financing.

–      “Fredrik Olsson has been with Genovis since 2002 and has helped to build the company. Fredrik holds a degree in engineering and was born in 1971. As Vice President he has mainly worked with business development, marketing and sales. With his strong leadership skills, Fredrik will contribute to Genovis’ continued expansion and commercial development,” says Sarah Fredriksson.

–        “With Sarah Fredriksson chairing the Board, continuity and expertise within the Group are ensured,” says Mikael Lönn, chairman of the Nomination Committee.

Nomination Committee Proposal to Genovis’ Board of Directors:

The Nomination Committee proposes re-election of ordinary members Jacob Engellau, Kenth Petersson, Mikael Lönn and Lena Mårtensson Wernrud.

The Nomination Committee proposes election of Sarah Fredriksson.

Erik Walldén has declined re-election.

The Nomination Committee proposes that Sarah Fredriksson be elected Chairperson of the Board of Directors.

Sarah Fredriksson is active as a board member of SwedNanoTech AB, Sparbankstiftelsen Skåne’s Riskkapitalstiftelse and the Wahlgrenska Foundation, as well as GeccoDots AB. From 2007 to 2013 she served as an external director appointed by the government on the Board of Directors of Lund University and from 2000 to 2003 she was a director at EURIS AB.

Sarah Fredriksson has 72,324 shares and 360,000 warrants in the company.