THE CEO OF ETTEPLAN OYJ WILL CHANGE

ETTEPLAN OYJ, STOCK EXCHANGE RELEASE, OCTOBER 10, 2011, AT 08.15 A.M.

THE CEO OF ETTEPLAN OYJ WILL CHANGE

Etteplan Oyj’s President and CEO Matti Hyytiäinen will join another company. 

The Chairman of the Board of Directors of Etteplan Oyj Heikki Hornborg: “Under Matti Hyytiäinen’s management company’s operations have been adapted to correspond the changed markets. During his management period we have also significantly expanded Etteplan’s China operations.”

The selection of a new CEO, initiated by the Board of Directors of Etteplan Oyj, aims at executing the key strategic targets of Etteplan. The company is one of the leading Nordic actors in its industry, industrial equipment engineering. Our current strong market position creates excellent foundation for profitable growth. 

To ensure flexible transfer of CEO tasks it has been agreed that Matti Hyytiäinen will continue if needed in his task as the company’s CEO until March 31, 2012. 

Hollola, October 10, 2011

Etteplan Oyj

Board of Directors

Additional information: 
Heikki Hornborg, Chairman of the Board of Directors, tel. +358 400 873 063

DISTRIBUTION:
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www.etteplan.com

Etteplan is a specialist in industrial equipment engineering and technical product information solutions and services. Our customers are global leaders in their fields and operate in areas like the automotive, aerospace and defence industries as well as the electricity generation and power transmission sectors, and material flow management.

Etteplan has comprehensive competence in electronics and embedded systems development, automation and electrical design, mechanical design and technical product information solutions and services. 

In 2010, Etteplan had turnover of EUR 104.8 million. The company currently has approximately 1,600 employees. Etteplan's shares are listed on NASDAQ OMX Helsinki Ltd under the ETT1V ticker.