Tokmanni Group: Increase in number of Board members and new members

Tokmanni Group Corporation                 Company Announcement           April 29th 2016  at 10:30 EET

Tokmanni Group: Increase in number of Board members and new members

On 12 April 2016, the extraordinary general meeting of shareholders of the Company decided to increase the number of members on the Board of Directors to seven, and elected Kati Hagros and Thérèse Cedercreutz as new members of the Board of Directors. 

Thérèse Cedercreutz has been the Chief Executive Officer of ThreeFiveEight Ltd since 2015 and holds a Master of Science degree in Economics. Ms. Hagros has been the Senior Vice President of Digitalisation Strategy in Service Business at Kone Corporation since 2015. Ms. Hagros holds a Master of Science degree in Engineering and a Master's degree in Social Sciences.

Both new members of the Board of Directors are independent of the Company and the Company's significant shareholders. As of this date, the Board of Directors of the company has seven members: Tokmanni Group Oyj:n hallitus koostuu 29.4.2016 lähtien seitsemästä varsinaisesta jäsenestä: Harri Sivula, Thérèse Cedercreutz, Robert Furuhjelm, Christian Gylling, Kati Hagros, Sven-Olof Kulldorff, Seppo Saastamoinen.

The change in the number of the members of the Board of Directors and the election of the new members of the Board of Directors are conditional upon the completion of the Offering and they enter into force today upon the commencement of trading in the Shares on the pre-list of the Helsinki Stock Exchange.

Tokmanni Group Corporation

For more details, please contact:

Joséphine Mickwitz, Head of IR and Communications +358 20 728 6535

Tokmanni in brief

Tokmanni is the largest general discount retailer in Finland measured by number of stores and revenue. In 2015, Tokmanni's revenue was EUR 755 million and on average it had approximately 3,200 employees. Tokmanni is the only nationwide general discount retailer in Finland, with 156 stores across Finland as at 31 December 2015.

Distribution:

NASDAQ QMX Helsinki

Key Media

About Us

Tokmanni is the largest general discount retailer in Finland measured by number of stores and revenue. In 2017, Tokmanni’s revenue was EUR 797 million and on average it had approximately 3,200 employees. Tokmanni is the only nationwide general discount retailer in Finland, with 175 stores across Finland as at 31 December 2017.

Subscribe