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2010-12-21 08:00:00 CET 2010-12-21 08:00:48 CET REGULATED INFORMATION Citycon Oyj - Changes board/management/auditorsPetri Olkinuora to leave his position as CEO of CityconCITYCON OYJ Stock Exchange Release 21 December 2010 at 09:00 hrs Citycon Oyj is announcing today that its Chief Executive Officer, Petri Olkinuora, will leave his position. He will remain the company's CEO until the Annual General Meeting on the 23 March 2011, when a successor will have been appointed. The process for selecting a successor to Mr. Olkinuora is underway. The decision to leave the CEO position is mutual between Mr. Olkinuora and the Board of Directors of Citycon. Chaim Katzman, Chairman of Citycon's Board of Directors says: "The Board is extremely grateful to Petri for his outstanding leadership of Citycon over the past eight years. Petri has been a firm leader and he leaves behind a much larger and well focused company. Today, Citycon is the leading shopping centre owner and operator in Finland and has a good position in Sweden and the Baltic Countries to build upon. The portfolio is focused on shopping centres and it is managed by skilled professionals. That is testament to the hard work and vision of Petri and the whole Citycon team." Petri Olkinuora, Chief Executive Officer of Citycon says: "I am incredibly proud of the transformation that has taken place in Citycon during my time as CEO. The company has more than tripled its size, is now a true shopping centre expert and also a very skilled developer. I would not have been able to make these changes without the support of our main shareholder and Citycon team. I would like to thank them for their unwavering commitment. I will be handing over to my successor a business that is well positioned and ready to grow even further." Helsinki, 21 December 2010 CITYCON OYJ Board of Directors For further information, please contact: Eero Sihvonen, Executive Vice President and CFO Tel +358 20 766 4459 or +358 50 557 9137 eero.sihvonen@citycon.fi Distribution: NASDAQ OMX Helsinki Major media www.citycon.com [HUG#1474300] |
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