CHANGES TO GLASTON’S GROUP STRUCTURE AND EXECUTIVE MANAGEMENT GROUP

Glaston Corporation                Stock Exchange Release 13 January 2020       8.30 am EET

In order to better reflect its business dynamics and market drivers, Glaston has made changes to the  Group structure. As of 1 January 2020, Glaston Corporation has three business areas: Glaston Heat Treatment Technologies, Glaston Insulating Glass Technologies and Glaston Automotive & Emerging Technologies. The business areas also form the company’s three reporting segments in which Services are included. Machine and Services sales, order intake and order book will also be reported separately as additional information. Glaston will publish comparable numbers for the new segments before the publication of the first quarter 2020 interim report.

GLASTON CORPORATION’S EXECUTIVE MANAGEMENT GROUP AS OF 1 JANUARY 2020

In connection to the organizational change, appointments have been made to the Executive Management Group which as of 1 January constitutes of:

Arto Metsänen, President & CEO
Sasu Koivumäki, COO, Sales & Integration
Päivi Lindqvist, CFO
Juha Liettyä, SVP Glaston Heat Treatment Technologies
Dietmar Walz, SVP Glaston Insulating Glass Technologies
Robert Prange, SVP Glaston Automotive and Emerging Technologies
Artturi Mäki, SVP Services
Taina Tirkkonen, General Counsel and SVP Human Resources

At the beginning of 2020, the rebranding of Bystronic glass has started with the target to terminate its use by the end of 2020. The brand will be merged into the Company brand Glaston. In connection to the acquisition announcement in 2019, Glaston communicated its right to use the Bystronic glass brand for a limited time period.

Glaston Corporation

For more information:

President and CEO Arto Metsänen, tel. +358 10 500 6100
VP IR, Communications and Marketing Joséphine Mickwitz, tel. +358 10 500 5070

Glaston in brief

Glaston is the glass processing industry’s innovative technology leader supplying equipment, services and solutions to the architectural, automotive, solar and appliance industries. The company also supports the development of emerging technologies integrating intelligence to glass.

As of April 2019, Bystronic glass is part of Glaston Group. Together we are committed to providing our clients with both the best know-how and the latest technologies in glass processing, with the purpose of building a better tomorrow through safer, smarter, and more energy efficient glass solutions. We operate globally with manufacturing, services and sales offices in 12 countries. Glaston’s shares (GLA1V) are listed on NASDAQ Helsinki Ltd.

Distribution: Nasdaq Helsinki Ltd, key media, www.glaston.net.