Ad van der Poel appointed as Senior Vice President, Financing Services of Basware

Wednesday, 19 November, 2014
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Basware Corporation, stock exchange release, November 19, 2014 at 10:00

Ad van der Poel appointed as Senior Vice President, Financing Services of Basware

Mr. Ad van der Poel has been appointed as Senior Vice President, Financing Services and member of the Executive Team at Basware, the leading provider of e-invoicing and purchase-to-pay solutions. Van der Poel will join Basware on November 24, 2014, and he will report to Esa Tihilä, CEO, Basware Corporation.

Ad van der Poel has nearly 20 years of experience in the financial services industry, specifically in the field of payments and cash management. Mr. van der Poel has held responsible product management executive and specialist positions in the financing sector. He has been employed by the Bank of America since 2011, most recently as Head of Product Management EMEA, Global Treasury Services. Prior to this Mr. van der Poel has been heading the product management for e-Business, Payments & Cash Management at ING Commercial Banking.

Basware announced the launch of Financing Services in September 2014, providing new and innovative financing services for buyers and suppliers, combining payment with financing services for companies of all sizes, designed to optimize cash and working capital through digital participation in the Basware Network.
                                                      
"Ad van der Poel will have a key role in building and leading Basware's new Financing Services business and the financing services portfolio. His extensive professional experience and competence in the financing industry will support the company in providing innovative financing services," says Esa Tihilä, CEO, Basware Corporation. "I am pleased to welcome Ad to join Basware and believe that his proven passion for innovations and drive to success will further accelerate the growth of the Basware Network."

For more information, please contact:

Esa Tihilä, CEO, Basware Corporation
Tel. +358 40 480 7098

Distribution:
NASDAQ OMX Helsinki Ltd
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www.basware.com