Planned changes in Componenta’s management implemented following the acquisition of Komas Oy: Harri Suutari to start as a member of the Board of Directors, Marko Penttinen as the President and CEO
Componenta Corporation Stock Exchange Release on 30 August 2019 at 14.10
The plans concerning changes in Componenta’s management announced by the company on 4 June 2019 were implemented today, 30 August 2019, when the acquisition of Komas Oy was completed. Following the closing of the acquisition, Harri Suutari, who previously served as Componenta’s President and CEO, starts as a member of Componenta’s Board of Director in accordance with the resolution passed by the Extraordinary General Meeting on 1 July 2019. Following Suutari’s transfer to the company’s Board of Directors, Marko Penttinen, who previously served as Komas Oy’s CEO, starts as Componenta’s President and CEO, effective immediately.
“Following the completion of the acquisition, Componenta is now able to provide even more versatile service to industries that purchase cast and machined components. This is a significant benefit especially for equipment manufacturers who seek quality and efficiency by outsourcing their component production. We are determined to work towards realising this significant potential ahead of us and harnessing the synergy benefits for our customers and shareholders,” says Penttinen.
With Harri Suutari starting as a member of Componenta’s Board of Directors, the number of the members of the Board of Directors will increase from four to five in accordance with the resolution passed by the Extraordinary General Meeting of Shareholders held on 1 July 2019. Anne Leskelä, Asko Nevala, Harri Pynnä and Petteri Walldén will continue as members of the Board of Directors.
For further information, please contact:
Marko Penttinen, President and CEO, +358 40 842 2811
Harri Suutari, member of the Board of Directors, +358 40 038 4937
Componenta is an international technology company. Componenta specializes in supplying cast and machined components to its global customers, who are manufacturers of vehicles, machines and equipment. The company’s share is listed on Nasdaq Helsinki.