Heikki Vauhkonen, LL.M., B.Sc. (Econ. & Bus.

Adm.), has been appointed Managing Director of Tulikivi Corporation, effective from 23 August 2013. He has worked for Tulikivi Corporation since 1997. Vauhkonen will leave his current post as full-time Chairman of Tulikivi's Board of Directors when he assumes the duties of Managing Director.

He will continue as a member of the Board. Jouni Pitko, the current Managing Director of Tulikivi Corporation, will not continue in the company's service. At its meeting held on 23 August 2013, the Board of Directors of the company elected Board member Harri Suutari as part-time Chairman of the Board.

Suutari has served on the Board since April 2013.