Lehto Group Oyj - Inside information

Lehto Group Plc, inside information: Lehto's CEO is changing

Lehto Group Plc
Insider information
24 April 2024 at 11 p.m. (Finnish time)

The board of Lehto Group Oyj ("Lehto") and CEO Juuso Hietanen have jointly
agreed that Hietanen's CEO contract will expire on April 30, 2024. Hietanen will
continue working for the company as an advisor until the end of May 2024, during
which time Hietanen's key task will be to promote the sales and reorganization
of the business parts of Lehto's subsidiary Lehto Components Oy.

The company's board has appointed board member Hannu Lehto as CEO as of 1 May
2024. Hannu Lehto will continue in the board member role in addition to assuming
his duties as the CEO.

"We are constantly doing everything we can to find the best possible solution to
the situation in terms of the company's continuity and the shareholders. As
everyone knows, the market situation has been really challenging and we believe
that the solutions can be found in the planned transition to new business areas.
I am committed to promoting the sale of business parts and structural
arrangements towards the new, and Lehto's planned transition to new business
areas needs a new leader", Hietanen explains the background of his decision."

"The company no longer has a construction business and we are evaluating options
for moving into new business areas. Entrepreneurship is needed at this stage of
the company and I feel that I have something to contribute in that field. Our
organization has shrunk to a very small size and we are setting up a team to
take the company to a new stage", says Hannu Lehto.

Lehto Group Plc

Board of Directors


Additional information:

Hannu Lehto

Board member

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