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2007-06-08 09:15:30 CEST 2007-06-08 09:15:30 CEST REGULATED INFORMATION Ruukki Group Oyj - Changes board/management/auditorsRUUKKI GROUP PLC'S BOARD AND MANAGEMENT IS BEING STRENGTHENEDRuukki Group Plc's shareholders, representing 36.0% of shares, has put forward a motion that the company's extraordinary general meeting, to be held on 12 June 2007 would strengthen the company's board by nominating new board members. M.Sc. Eng., teollisuusneuvos (honorary title granted by the President of Finland) Timo Poranen and M.Sc. Econ. Arno Pelkonen, have been nominated as candidates for new ordinary board members, and they have given their consent. According to the proposal, Mikko Haapanen, Markku Kankaala, Matti Lainema, Kai Mäkelä, Matti Vikkula and Ahti Vilppula would continue as board members. Timo Honkala and Fredrik Danielsson will renounce their board membership at the same time. Timo Poranen has previously been CEO of Metsäteollisuus ry - Finnish Forest Industries, Metsä-Serla Oyj and Metsä-Botnia Oy. Arno Pelkonen is Partner at Primaca Partners Oy. Previously he has held the positions of Senior Vice President, Strategy and Emerging Markets and SVP, Forest Products at Stora Enso Oyj. Ruukki Group Plc's board has nominated M.Sc. Econ. Matti Vilkkula the CEO of Ruukki Group Plc. He will start at the latest in the beginning of September 2007. At present, Matti Vilkkula is a member of Elisa Oyj's management team and responsible for Consumers and Small Enterprise Customers line of business. He will continue his post as member and Chairman of the Board until taking on the role of CEO, after which a present member of the board, Dr of Econ. Sc. Matti Lainema will accept the position of Chairman of the Board. Ruukki Group Plc's present CEO Antti Kivimaa will stay in his post until Matti Vikkula starts, after which he will act as Matti Vikkula's deputy as well as will be responsible for the main Ruukki Group operations in Finland, the development of their ownership values and possible exit projects. ”Ruukki Group is in a significant development stage. We are focusing on refining wood raw materials and utilising opportunities in Russia. Strengthening the management and board will improve our chances to implement our chosen strategy with success,” Vice-Chairman of the Board, Kai Mäkelä states. “In addition, with other key person recruitments we will ensure the determined realisation of sawmill and pulp industry investments,” Mäkelä continues. RUUKKI GROUP PLC BOARD OF DIRECTORS Ruukki Group is a multi-sector industrial group having mainly majority ownership interests in various small and medium-sized companies in e.g. house building, sawmilling business, furniture business and care services. Ruukki Group share (RUG1V) is listed on OMX Nordic Exchange's so-called small cap category. For further information, please contact: Matti Vikkula Chairman of the Board Ruukki Group Plc Telephone +358 45 670 0606 www.ruukkigroup.fi Kai Mäkelä Vice Chairman of the Board Ruukki Group Plc Telephone +358 400 503 142 www.ruukkigroup.fi |
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