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2007-09-18 09:00:25 CEST 2007-09-18 09:00:25 CEST REGULATED INFORMATION Vaisala - Changes board/management/auditorsVaisala seeks growth from service and solutions businessVaisala Oyj Stock exchange release 18.9.2007 at 10:00 Vaisala seeks growth from service and solutions business Vaisala responds to the growing demand for services and solutions by streamlining its operations and simplifying its organization. All current service operations will be centralized under a new Vaisala Services division. Vaisala Solutions division will focus more clearly on comprehensive solutions. Vaisala assembly, production, procurement and deliveries will be centralized under a new Operations unit ."Vaisala has been the product champion in selected fields of environmental measurement for a long time. Now we want to shift our focus more towards service and solutions business. Our customer contacts show that the demand for this is clearly growing", says CEO Kjell Forsén. New Vaisala Services division The development of new innovative services is an important growth area for Vaisala. By concentrating all current services in one division, the company is able to offer better and more comprehensive services to its customers. The new Vaisala Services division starts operations on 1.1.2008. The division is led by Scott Sternberg, who was appointed Director of Services in April this year. Vaisala Solutions division focuses on customer-specific comprehensive solutions To accommodate the growing needs of the market, the Vaisala Solutions division will focus more clearly on offering comprehensive meteorological solutions. Single products and systems will be moved from the Vaisala Solutions division to the Vaisala Measurement Systems division, to complement its offering of meteorological products. Antti Ritvos (53), M.Sc. B.Sc., has been appointed as Director, Vaisala Solutions. Antti Ritvos is currently working as a management consultant and Vice President of Mercuri Urval Finland. Mr. Ritvos has a 20-year experience from leading international technology companies, such as General Electric and Instrumentarium. Antti Ritvos will start in his new position on 15.11.2007. He will be a member of the Vaisala Management Group and report to CEO Kjell Forsén. (Attachment: CV, Antti Ritvos) Vaisala Solutions division's current Director Hannu Tuominen will move to support CEO Kjell Forsén in the tasks relating to change management. Shared Operations unit for the Vaisala Group Vaisala's assembly, production, procurement and delivery functions will be centralized under a new Operations unit. The consolidation will bring scale and synergy advantages and thus increase efficiency. Reporting based on the new segments will become effective on 1.1.2008. Further information: Media inquiries: Kjell Forsén, CEO, gsm +358 400 757948 Analyst inquiries: Jouni Lintunen, CFO, gsm +358 40 5790181 |
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