PENTTI YLIHELJO RETIRING - MIKA SEITOVIRTA KYRO'S NEW PRESIDENT & CEO
Kyro Corporation STOCK EXCHANGE RELEASE 4 October 2006, 9.00 a.m.
PENTTI YLIHELJO RETIRING - MIKA SEITOVIRTA KYRO'S NEW PRESIDENT & CEO Kyro Group is going to have a new CEO. MSc (Econ) Mika Seitovirta, 44, will start as the Group President & CEO in the beginning of 2007. Pentti Yliheljo, President & CEO of Kyro since 1996, is retiring from the company. Yliheljo has headed the Group successfully since starting as President of Tamglass in 1992. Major changes carried out by Yliheljo have included the fast global growth of Tamglass, IPO's of mother company Kyro and telecom division Tecnomen as well as Glaston Technologies' various acquisitions, with which the Group's main business area has become the global market and technology leader of glass processing machines. - I wish Mika Seitovirta warmly welcome to the Kyro Group and hope that Kyro's evolution continues in his management, says Pentti Yliheljo. - Before the turn of the year we in Kyro's team have an eventful and busy quarter ahead of us, to make sure we get to our objectives for 2006, he adds. Mika Seitovirta, starting as Kyro's CEO, has acted as Managing Director of Oy Hartwall Ab in 2003-2006. Before this he worked in different positions within Volvo's Finnish and international organisation, among others as Volvo Car's Managing Director in Finland. - Kyro is a global market leader of its industry. The company has both the appetite and the ability to grow. It is exciting to join and continue the development of Kyro, Seitovirta comments upon his new challenge. Mika Seitovirta starts his orientation in the company on 1 November 2006. Pentti Yliheljo assumes his availability for the Group after the change until the end of June 2007. Helsinki, 4 October 2006 Kyro Corporation Emmi Watkins IR & Communications Manager Further information and interview requests: Emmi Watkins, tel. +358 400 903 260 or emmi.watkins@kyro.fi Kyro Corporation is a financially solid, growing and international technology group. The Glass Machinery Group, a part of Kyro's main business area, Glaston Technologies, is the global market leader in glass processing machines. Glaston Technologies' Glass Processing Group is the leading supplier of comprehensive architectural glass solutions in Finland and neighbouring areas. The Group's Energy business consists of the environmentally friendly, local energy producer Kyro Power. www.kyro.fi www.glaston.net Distribution: Helsinki Exchanges, key media