Lemminkäinen's CFO to change
LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 7 APRIL 2014 AT 12:30 P.M.
LEMMINKÄINEN'S CFO TO CHANGE
Lemminkäinen Corporation and CFO Robert Öhman have today agreed that Öhman leaves the company with immediate effect.
The process of recruiting a new CFO has been started. M.Sc. (Econ.) Ilkka Salonen has been appointed Lemminkäinen's interim CFO as of 8 April 2014. He has previously been CFO at Neste Oil and Pohjola Bank, among others.
Salonen's areas of responsibility include finance, investor relations and ICT. Executive Team member Tiina Mellas has previously been responsible for ICT and HR. Mellas will continue to be responsible for Group HR. From now on, legal affairs, which previously reported to the CFO, will report to the President and CEO.
Salonen will also become a member of Lemminkäinen's Executive Team for the time being. He will report to Berndt Brunow, Chairman of the Board of Directors and Lemminkäinen's interim President and CEO.
Lemminkäinen's Board of Directors sees that changes in the market situation require new type of leadership. "The company's result in January-February has developed into the right direction. To reach our long-term financial targets the pace of change must be, however, much more rapid," notes Berndt Brunow. Lemminkäinen will publish its January-March interim report on 30 April 2014.
M.Sc. (Econ.) Robert Öhman was appointed CFO and member of the Executive Team at Lemminkäinen in 2009.
Berndt Brunow, Chairman of the Board of Directors, interim President and CEO
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Together with our customers we create conditions that make living, working and travelling functional, safe and healthy. We operate in northern Europe and employ about 7,800 experts. In 2013, our net sales were about EUR 2.2 billion. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com