Tulikivi Oyj - Changes board/management/auditors

Changes to Tulikivi Corporation management

TULIKIVI CORPORATION                         STOCK EXCHANGE RELEASE

                                                                  23 August
2013,  2:15 p.m. 







Changes to Tulikivi Corporation management

Heikki Vauhkonen (b. 1970), LL.M., B.Sc. (Econ. & Bus. Adm.), has been
appointed Managing Director of Tulikivi Corporation, effective from 23 August
2013. He has worked for Tulikivi Corporation since 1997. Vauhkonen will leave
his current post as full-time Chairman of Tulikivi's Board of Directors when he
assumes the duties of Managing Director. He will continue as a member of the
Board. Jouni Pitko, the current Managing Director of Tulikivi Corporation, will
not continue in the company's service. 

At its meeting held on 23 August 2013, the Board of Directors of Tulikivi
Corporation elected Board member Harri Suutari as part-time Chairman of the
Board. Suutari has served on the Board since April 2013. 

This change is part of the generational change process at Tulikivi. On 21
August 2013, Tulikivi issued a flagging announcement regarding a share
transaction whereby Heikki Vauhkonen acquired the voting shares held by Reijo
Vauhkonen, Tulikivi's founder. Heikki Vauhkonen's holding corresponds to 18.40
per cent of Tulikivi Corporation's stock and 48.06 per cent of the votes. 



TULIKIVI CORPORATION

Board of Directors



Distribution: NASDAQ OMX Helsinki

Key media

www.tulikivi.com



Additional information: Tulikivi Corporation, FIN-83900 Juuka, www.tulikivi.com

- Harri Suutari, Chairman of the Board of Directors, tel. +358 (0) 400 384 932

- Heikki Vauhkonen, Managing Director, tel. +358 (0)207 636 555