Mika Sulin resigns from Exel Sports Oy, Aki Karihtala appointed new Managing Director
EXEL OYJ STOCK EXCHANGE RELEASE 10.1.2007 at 10.151 1 (1)
MIKA SULIN RESIGNS FROM EXEL SPORTS OY, AKI KARIHTALA APPOINTED
NEW MANAGING DIRECTOR
Significant reorganizations were implemented at Exel Oyjs
subsidiary Exel Sports Oy in 2006 with the aim of improving
profitability considerably. The transfer of surface treatment,
assembly and packaging of pole and floorball products to China is
nearly completed. In addition, the warehousing and delivery
operations have been outsourced to a service provider. The
outsourcing aims at decreasing the cost level to the present
Mr. Aki Karihtala, 45, Senior Vice President of Exels Sport
Division, has been appointed Exel Sports Oys Managing Director as
of 1 March 2007. Karihtala has worked for Exel for 20 years. Aki
Karihtala succeeds Mr. Mika Sulin.
We have now implemented major structural changes and the
adjustment of the operations to the market situation. I am
confident that the new organization will continue to take all the
necessary measures to continue to improve the profitability of
Exel Sports, Mika Sulin says.
I wish to thank Mika Sulin for his excellent efforts as Exel
Sports Managing Director. Last year was extremely challenging.
Exels Sport Division has changed in a very short time from a
traditional production company to a sales and marketing company.
We have adjusted our operations to match the markets. We believe
that the measures that have already been taken and with our strong
sport and fitness product folio we will be able to develop into a
strong international and competitive sales and marketing
organization, Aki Karihtala says.
Vantaa, 10 January 2007
President & CEO
Mr. Göran Jönsson, President & CEO, Exel Oyj, tel. +46 708 43 0110
Mr. Mika Sulin, Managing Director, Exel Sports Oy, tel. +358 40 527
Mr. Aki Karihtala, Senior Vice President, Exel Oyj Sport Division, tel.
+358 50 590 6752
Exel Oyj is a leading, international Group specialised in
composite technology, with a special focus on pultrusion, pull-
winding and continuous lamination. The Groups operations include
design, manufacturing and marketing of advanced composite products
for industrial applications and consumer goods. Exels most well-
known consumer products include cross-country, alpine and Nordic
Walking poles, floorball sticks, antenna radomes and other
industrial applications. In 2005 the Groups net sales totalled
EUR 91 million. Exel personnel averages 600. Exels share is
listed in the Mid Cap segment of the OMX Exchanges Nordic list.
Exel Composites (www.exelcomposites.com) is a leading composite technology company that designs, manufactures and markets composite products and solutions for demanding applications. Exel Composites provides superior customer experience through continuous innovation, world-class operations and long-term partnerships. The core of the operations is based on own, internally developed composite technology, product range based on it and strong market position in selected segments with a strong quality and brand image. Profitable growth is pursued by a relentless search for new applications and development in co-operation with customers. The personnel’s expertise and high level of technology play a major role in Exel Composites’ operations. Exel Composites Plc share is listed in Nasdaq Helsinki Ltd.