Changes in Raute Group's Executive Board

RAUTE CORPORATION STOCK EXCHANGE RELEASE NOVEMBER 12, 2018 AT 2:30 p.m.


CHANGES IN RAUTE GROUP’S EXECUTIVE BOARD 

Raute Corporations Chief Financial Officer and member of the Executive Board, Mr. Olli-Pekka Vanhanen has resigned from the company in order to take up new responsibilities outside the company. He will continue in his current role and as a member of the Executive Board until further notice, however not longer than till 7 February 2019. The search process for a new CFO has been started. 

Mr. Antti Laulainen, current Group Vice President, Technology Services and Sales Management will move on to an expert role and does not continue as a member of the Executive Board. His areas of responsibility in the Executive Board are temporarily transferred to President and CEO Tapani Kiiski.

Raute Group’s Executive Board and the members’ areas of responsibility:
Tapani Kiiski, President and CEO, Chairman - sales and technology services
Arja Hakala, Group Vice President, Strategy - business development 
Marko Hjelt, Group Vice President, Human Resources - personnel and competence development
Mika Hyysti, Group Vice President, Technology - technology, products and R&D
Timo Kangas, Group Vice President, EMEA - market area EMEA
Petri Strengell, Group Vice President, Supply Chain - sourcing and production
Olli-Pekka Vanhanen, Group Vice President, Finance, CFO - Finance and administration (not longer than till 7 February 2019). 

RAUTE CORPORATION
Tapani Kiiski
President and CEO 
 
FURTHER INFORMATION:
Mr. Tapani Kiiski, President and CEO, Raute Corporation, mobile phone +358 400 814 148

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.