Neo Industrial Plc announced that Mr. Jari Salo has been appointed Managing Director of the company. Salo will start in his new position on 8 October 2012. The shareholders representing over 50% of the votes, propose that Mr. Markku E. Rentto, company's current Managing Director, will proceed to work as Chairman of the Board on the next General Meeting.

Mr. Salo has previously acted as President and CEO of ValuCast Group. The company operates in sales, marketing, manufacturing and importing of iron and steel components for machine construction industry.