Musti makes changes to its board and financial year

Helsinki-headquartered Musti announced the election of Maria Cláudia Teixeira de Azevedo, João Pedro Magalhães da Silva Torres Dolores and João Nonell Günther Amaral as new members to its Board of Directors.

Jeffrey David—a member of Musti Group’s Board of Directors since 2016 and Chairman of the Board since 2017—and Johan Dettel—a Board Member since 2022—were also re-elected.

The company says the term of office for those members who were not re-elected ended upon the closing of the meeting.

This announcement came after Flybird Holding acquired Musti following the positive result of its tender offer.

Change of financial year

The pet retailer has also decided to change the company’s financial year to the calendar year—1 January to 31 December.

Musti’s current financial period, which began on 1 October 2023, will continue until 31 December 2024, making this financial year 15 months long. The proposed change is scheduled to come into effect on 1 January 2025. 

The company is scheduled to announce its interim report for January to March 2024 on 30 April 2024.