Change in Raute's Executive Board

RAUTE CORPORATION STOCK EXCHANGE RELEASE 25 MARCH 2015 at 9:45 a.m.


CHANGE IN RAUTE’S EXECUTIVE BOARD

Mr. Petri Lakka, Group Vice President, Technology Services has resigned from Raute Corporation. 

Mr. Timo Kangas will take responsibility of the technology services business as of 1 April 2015. The responsibility area of Mr. Kangas will further include, in addition to technology services, customer relationships, marketing and the market area EMEA. Mr. Petri Lakka's other duties will be divided between Group Executive Board members. 

Raute Group's Executive Board and the members’ areas of responsibility as of 1 April 2015:

Tapani Kiiski, President and CEO, Chairman – Sales,
Arja Hakala, Group Vice President, Finance, CFO – Finance and administration,
Marko Hjelt, Group Vice President, Human Resources – Human resources and competence development,
Mika Hyysti, Group Vice President, Technology – Technology, products and R&D,
Timo Kangas, Group Vice President, Customer Care, Technology Services – Customer relationships and marketing, technology services, market area EMEA,
Petri Strengell, Group Vice President, Supply Chain – Sourcing and production.

RAUTE CORPORATION
Tapani Kiiski
President and CEO


FURTHER INFORMATION:
Mr. Tapani Kiiski, President and CEO, Raute Corporation, mobile +358 400 814 148
Ms. Arja Hakala, CFO, Raute Corporation, mobile +358 400 710 387

DISTRIBUTION:
NASDAQ OMX 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 and LVL (Laminated Veneer Lumber). The technology offering covers machinery and equipment for the entire production process. 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 Nastola, Finland. Its other production plants are in the Vancouver area of Canada, in the Shanghai area of China, and in Kajaani, Finland. Raute’s net sales in 2014 were EUR 94.0 million. The Group’s headcount at the end of 2014 was 587.

More information about the company can be found at www.raute.com