Changes in Raute Group's Executive Board
RAUTE CORPORATION STOCK EXCHANGE RELEASE 25 January, 2018 at 3:00 p.m.
CHANGES IN RAUTE GROUP’S EXECUTIVE BOARD
Raute Corporation’s Board of Directors has appointed M.Sc. (Econ.) Olli-Pekka Vanhanen (53) Group Vice President, CFO of Raute Group. He will also become a member of Raute Group’s Executive Board, reporting to President and CEO Tapani Kiiski. Mr. Vanhanen will assume the position by May 1, 2018 at the latest.
Mr. Vanhanen has versatile experience in financial administration and management among others in Wärtsilä, Cargotec, Elcoteq and most recently in Maillefer Oy. He will join Raute from the position of CFO in Maillefer Oy. Olli-Pekka Vanhanen does not own any Raute shares.
Raute Corporation’s Board of Directors has appointed M.Sc. (Econ.), MBA Arja Hakala (60) Group Vice President, Strategy of Raute Group. She will transfer to this position from the role as Raute’s Chief Financial Officer at the same time as Olli-Pekka Vanhanen will take over his role as Chief Financial Officer, by May 1, 2018 at the latest. Ms. Hakala will continue as a member of Raute Group’s Executive Board, reporting to President and CEO Tapani Kiiski. She will also continue as Deputy to President and CEO and Secretary of the Board of Directors.
Arja Hakala has been Raute Group’s Chief Financial Officer for 14 years. Prior to that she has held other management positions in Raute Group since 1990.
The position of Group Vice President, Strategy is new in Raute. The responsibility area of the Group Vice President, Strategy includes coordination of strategic development projects, responsibility management and its development, and also internal audit tasks assigned by the Board of Directors.
Arja Hakala owns 3,104 Raute’s series A shares.
RAUTE CORPORATION
Tapani Kiiski
President and CEO
FURTHER INFORMATION:
Mr. Tapani Kiiski, President and CEO, mobile +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. More information about the company can be found at www.raute.com.