Tokmanni Group Corporation appoints Chairman of the Board Harri Sivula as interim CEO

 Tokmanni Group Corporation               Corporate Announcement   15 June 2017 at 7.05 p.m. EEST

Tokmanni appoints Chairman of the Board Harri Sivula as interim CEO


Tokmanni's Board of Directors has appointed Chairman of the Board Harri Sivula as interim CEO as of 15 June 2017. As communicated in April, Heikki Väänänen will leave the company. The CEO recruitment process is proceeding according to plan and Harri Sivula will act in the interim role until the new CEO starts. At the same time the Board has appointed CFO Markku Pirskanen deputy CEO.

TOKMANNI GROUP CORPORATION

Board of Directors

For more information:

Harri Sivula, Chairman of the Board Tel. +358 50 656 92 

Tokmanni in brief

Tokmanni is the largest general discount retailer in Finland measured by number of stores and revenue. In 2016, Tokmanni's revenue was EUR 776 million and on average it had approximately 3,200 employees. Tokmanni is the only nationwide general discount retailer in Finland, with 162 stores across Finland as at 31 December 2016.

Distribution:
Nasdaq Helsinki Ltd     
Main news media                      

About Us

Tokmanni is Finland’s leading discount retailer chain. Some 3,600 Tokmanni employees make customers’ everyday life and special occasions easier by offering a versatile and up-to-date assortment of Finnish and international brand-name products and other high-quality products at prices that are always affordable. With nearly 200 stores around Finland and an online store, Tokmanni is always close to its customers. Tokmanni’s revenue in 2018 amounted to EUR 870.4 million. Tokmanni's shares are listed on Nasdaq Helsinki.

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