The Board of Directors of Rapala VMC Corporation and Rapala VMC's President and CEO since March 2020, Nicolas Cederström Warchalowski, have mutually agreed that Cederström Warchalowski will resign as President
and Chief Executive Officer of Rapala VMC. The Board has appointed Rapala's Chairman Louis d'Alançon as interim President and CEO with immediate effect. Mr. d'Alançon will continue in his position as the Chairman of the Board.
Cederström Warchalowski will be available to the Board of Directors until May 16, 2023 to assist on special projects to secure an orderly transition. The Board of Directors will start the recruiting process for a new CEO.