Change in Raute Group's Executive Board

RAUTE CORPORATION STOCK EXCHANGE RELEASE NOVEMBER 27, 2018 AT 10:00 a.m.


CHANGE IN RAUTE GROUP’S EXECUTIVE BOARD

Raute Corporation’s Board of Directors has appointed M.Sc. (Econ.) Tarja Järvinen (55) Group Vice President, CFO of Raute Group. She will also be member of Raute Group’s Executive Board, reporting to President and CEO Tapani Kiiski. Ms. Järvinen will assume the position on February 1, 2019.

Tarja Järvinen has versatile experience in financial administration and management among others in CGI Oy, Vepsäläinen Oy, Koskisen Oy, Danfoss Editron Oy and most recently in Teknikum Group Ltd., and also as an entrepreneur. She will join Raute from the position of CFO at Teknikum Group Ltd.

Tarja Järvinen does not own any Raute shares.

RAUTE CORPORATION
Tapani Kiiski
President and CEO


FURTHER INFORMATION:
Tapani Kiiski, President and CEO, mobile phone +358 400 814148

DISTRIBUTION:
Nasdaq Helsinki Ltd, main media, www.raute.com

RAUTE IN BRIEF:
Raute is a technology and service company that operates worldwide. Raute’s customers are companies operating in the wood products industry that manufacture veneer, plywood, LVL (Laminated Veneer Lumber) and sawn timber. Its technology offering covers the entire production process for veneer, plywood and LVL and special measurement equipment for sawn timber. As a supplier of mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Additionally, Raute’s full-service concept includes technology services ranging from spare parts deliveries to regular maintenance and equipment modernizations. Raute’s head office is located in the Nastola area of Lahti, Finland. The company’s other production plants are located in Kajaani, Finland, the Vancouver area of Canada, the Shanghai area of China and in Pullman, Washington, USA. Raute’s net sales in 2017 were EUR 148.1 million. The Group’s headcount at the end of 2017 was 704. More information about the company can be found at www.raute.com.