Restamax Plc: JUHA HELMINEN APPOINTED CEO OF RESTAMAX PLC

Restamax Plc

STOCK EXCHANCE RELEASE 6 JUNE 2017 at 12:00

JUHA HELMINEN APPOINTED CEO OF RESTAMAX PLC

The Board of Directors of Restamax Plc has appointed Juha Helminen M.Sc.(Tech.) (born 1977) CEO of Restamax and a member of the Executive Team from 1 September 2017. Helminen will be responsible for the company's operations, result and development. Helminen is currently Vice President, Sales at Sinebrychoff.

Helminen has solid experience of the brewery and restaurant sectors, from senior positions in business management both in Finland and abroad. Among other positions, during the years 2015-2017 he worked in Denmark in Carlsberg Group as Vice President, Group Strategy and Vice President, Group Sales Development. During 2012-2015 he worked in Finland as Vice President, HoReCa Sales in Sinebrychoff, part of Carlsberg Group. During 2008-2012 Helminen worked in Denmark as Vice President, Business Development, Northern Europe for Carlsberg Group. He has also worked in Sweden as a Financial Controller in Carlsberg Sweden 2002-2003.

Restamax's strategic objective is to expand its restaurant business abroad by the end of 2018.

"The solid strategic expertise of Helminen, who has a long international career behind him, and his experience of global business and sales management will strongly support this objective of ours and the beginning of Restamax's new stage of development. I believe that his extensive international expertise in the sector will produce added value for our company's customers, shareholders and personnel alike," says Timo Laine, Restamax's Chairman of the Board.

"Restamax is a very strong operator in the restaurant sector whether comparing domestically or internationally. As a company, Restamax is at a very interesting stage and I believe I can utilize my experience to bring new ideas to support the growth and management of the business. I am very much looking forward to the new challenges and the opportunity to work with Restamax's skilled staff," says Juha Helminen.

CFO Jarno Suominen was appointed temporary CEO of the company from 22 May 2017, and will continue in this position until 31 August 2017.

A photo of Juha Helminen is included in this release.
 
Additional information:
Timo Laine, Chairman of the Board of Directors, Restamax Plc, tel. +358 400 626 064
Jarno Suominen, temporary CEO, CFO, Restamax Plc, tel. +358 40 721 5655

Distribution:
NASDAQ OMX Helsinki
Major media
www.restamax.fi

Restamax Oyj is a Finnish group established in 1996, specialising in restaurant services and labour hire. The company, which listed on NASDAQ OMX Helsinki in 2013 and became the first Finnish listed restaurant company, has continued to grow strongly throughout its history. The Group companies include some 120 restaurants, nightclubs and entertainment centres all over Finland. Well-known restaurant concepts of the Group include Stefan's Steakhouse, Viihdemaailma Ilona, Classic American Diner and Colorado Bar & Grill. In 2016, Restamax Plc's turnover was MEUR 130.1 and EBITDA MEUR 19.4. Depending on the season, some 1,100 persons converted into full-time employees work at the Group. The workforce of Restamax subsidiary Smile Henkilöstöpalvelut Oy is about 4,500.

Restamax company website: www.restamax.fi, Restamax consumer website: www.ravintola.fi, Smile Henkilöstöpalvelut: www.smilepalvelut.fi