Revenio Group Corporation: REVENIO GROUP CORPORATION IS CLARIFYING ITS STRATEGY AND IMPLEMENTING A REORGANIZATION AND RESTRUCTURING
Revenio Group Corporation Stock exchange release October 22, 2012, at 1pm
REVENIO GROUP CORPORATION IS CLARIFYING ITS STRATEGY AND IMPLEMENTING A
REORGANIZATION AND RESTRUCTURING
The Board of Revenio Group Corporation has decided on measures addressing the
Group's strategy and organizational structure. The primary objective with the
changes is to accelerate the Corporations' growth. At the same time, operations
will be made more efficient through consolidation of the Group's support
functions and data systems.
From December 1, 2012, the Group's business operations will be divided into two
business units and reporting segments. Of the current Group companies, Icare
Finland and some of the parent company's functions will be part of the Revenio
Health Tech segment. Group President and CEO Olli-Pekka Salovaara will be
responsible for that segment in addition to his other duties.
Done Logistics, Done Software Solutions, FLS Finland, Boomeranger Boats, and
Midas Touch, along with, again, some functions of the Group's parent company,
will be assigned to the unit now being created, Revenio Technology and Services.
Riku Lamppu has been appointed as the manager for this business area.
In the future, the Management Group for Revenio Group will consist of Group
President and CEO Olli-Pekka Salovaara, Revenio Technology and Services segment
manager Riku Lamppu, Development Director Juha Kujala, and Chief Financial
Officer Pekka Raatikainen. The current CEOs of all Group companies will remain
in their present positions.
President and CEO Olli-Pekka Salovaara describes the change:
"With the changes taking place, both arms of Revenio will seek strong growth on
their own strengths. As President and CEO of the Group, I hope these changes
will bring more transparency, simplicity, savings on costs, systematic enhancing
of business operations, and profitable growth to the Group's business
operations.
The Revenio Health Tech segment will concentrate on preparing and creating
global growth opportunities for existing and new business operations, both
organically and inorganically.
For its part, Revenio Technology and Services will primarily concentrate on
increasing profitability, organic growth, and efficiency."
Revenio Group Corporation
Olli-Pekka Salovaara
President and CEO
For further information, please consult:
Olli-Pekka Salovaara, President and CEO, at +358 40 567 5520
or olli-pekka.salovaara@revenio.fi
http://www.revenio.fi/
DISTRIBUTION:
NASDAQ OMX Helsinki
Financial Supervisory Authority (FIN-FSA)
Key media
www.revenio.fi
Revenio Group Corporation, the parent company of the Finnish conglomerate
Revenio Group, is listed on the NASDAQ OMX Helsinki exchange. Revenio Group
Corporation's subsidiaries share a focus on Finnish specialist expertise and
export-based operations.
Revenio Group comprises six independent subsidiaries, which will be consolidated
into two business units from December 1, 2012. These subsidiaries are Done
Logistics Oy, Done Software Solutions Oy, Icare Finland Oy, Boomeranger Boats
Oy, FLS Finland Oy, and Midas Touch Oy.