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2009-08-07 13:00:05 CEST 2009-08-07 13:01:05 CEST REGULATED INFORMATION Ruukki Group Oyj - Changes board/management/auditorsCHANGES IN RUUKKI GROUP'S MANAGEMENTRuukki Group Plc, Stock Exchange Release, 7 August 2009 at 2:00 p.m. CHANGES IN RUUKKI GROUP'S MANAGEMENT Ruukki Group Plc published on 7 May 2009 that it has started processes in order to demerge its Minerals and Wood Processing businesses during 2010. As part of this process, the Board of Ruukki Group Plc has today appointed a new CEO and an operative management team to Ruukki Yhtiöt Oy, the subsidiary which will become the parent company for all the Wood Processing assets of the Group. “The demerger resolution made by the Board of Ruukki Group Plc requires special expertise in business, finance and investor relations. We have decided to elect Thomas Hoyer to this position, which aims at developing the Group's Wood Processing business into a growing business with high level of further processing with a foothold in both Finland and the neighbouring areas.” says Alwyn Smit, Chief Executive Officer of Ruukki Group Plc. Thomas Hoyer, M.Sc. (Finance), will take the position of CEO in Ruukki Yhtiöt Oy on 1 October 2009. He has previously been partner at Helsinki Capital Partners Oy, and CFO of Aldata Solution Oyj, a Nasdaq OMX listed software company. He has since October 2008 been member of the Board of Ruukki Group Plc. The other members of the new Wood Processing management team are Alexandre Baranetskij (international operations), Esa Hukkanen (business development) and Kalle Lehtonen (finance and administration). Ruukki Group Plc's Deputy CEO Antti Kivimaa resigns from the company by the end of third quarter 2009 and will move on to new responsibilities outside the company. Mr. Kivimaa has agreed to remain of assistance to the company during a hand-over period. ”Antti Kivimaa has played a key role when Ruukki Group has changed into a large international industrial company. He has strongly contributed to maintaining the relative profitability of our wood products business in comparison to overall industry performance.”, says Smit. RUUKKI GROUP PLC Alwyn Smit Chief Executive Officer Ruukki Group specialises in industrial refining of certain natural resources. The Group has two focus areas: Wood Processing and Minerals. Ruukki Group Plc's shares are listed on NASDAQ OMX Helsinki and traded in the mid cap segment, in the industrials sector. For additional information, please contact: Alwyn Smit Chief Executive Officer Ruukki Group Plc Telephone +358 50 442 1663 / +41 7960 19094 Thomas Hoyer Member of the Board Ruukki Group Plc Telephone +358 45 670 0491 www.ruukkigroup.fi Distribution: Helsinki Stock Exchange Main media This stock exchange release is based on a translation into English of a document originally written in Finnish. In case of any discrepancies, inconsistencies or inaccuracies, the Finnish version shall prevail. |
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