Timo Lepistö appointed Managing Director of Exel Sports Oy

TIMO LEPISTÖ APPOINTED MANAGING DIRECTOR OF EXEL SPORTS OY

Exel Group’s Board of Directors made a decision on 2 May 2008 to operate Exel Sports’ Floorball Business as a separate unit. Timo Lepistö, formerly Sales Director, has been appointed Managing Director of Exel Sports Oy as of 4 June 2008. In the future Exel Sports Oy will consist solely of the Floorball business.

Exel Floorball is one of the leading suppliers of floorball equipment in the Nordic countries. The company specializes in high quality and performance equipment.



Further information:
Vesa Korpimies, President and CEO, Exel Oyj, tel. +358 50 590 6754 or e-mail: vesa.korpimies@exel.net




Exel in brief
Exel is a technology company which designs, manufactures and markets composite profiles and tubes for industrial applications and sports equipment.

The personnel's expertise and high level of technology play a major role in Exel's operations. The core of the operations is based on own, internally developed composite technology, product range based on it and the domination of selected market segments with a strong quality and brand image. The Company's growth is based on permanent search of new applications and development in co-operation with customers. Exel concentrates on niche segments and on profitable growth. Exel’s share is listed in the Small Cap segment of the OMX Exchanges/Helsinki Nordic list.