VAAHTO GROUP PLC OYJ STOCK EXCHANGE RELEASE 28.7.2014 at 16.30
The CEO of Vaahto Group Plc Oyj Vesa Alatalo is leaving the company on 31.8.2014 to become Managing Director of Oy SKF Ab.
"Vesa Alatalo's resignation surprised us. Vesa has performed excellently and under his management the group began energetically making the changes required by the new strategy. I want to wish Vesa the best of luck in his new and demanding position" comments the chairman of the board Reijo Järvinen.
The board of directors addressed the situation today and appointed M.Sc. (Tech.) Topi Karppanen as acting CEO starting from 1.9.2014. Karppanen has been a member of the board of Vaahto Group Plc Oyj since 2010 and has strong industrial background.
"Topi has been a member of the board and thus knows the company well. I believe that Topi's solid experience helps him to succeed in this position. Under Topi's management we will continue the work Vesa Alatalo began in deploying the strategy. I wish Topi the best of luck and success in his new position", says Järvinen.
The board of directors will start the search for a new permanent CEO immediately.
In Lahti 28.7.2014
VAAHTO GROUP PLC OYJ
The Board of Directors
For further information:
Chairman of the Board, Vaahto Group Plc Oyj
Tel. +358 400 715 968