Tulikivi Oyj - Changes board/management/auditors

CORRECTION: Tulikivi´s Managing Director Heikki Vauhkonen to become Tulikivi Board chairman, and new Managing Director being sought

TULIKIVI CORPORATION       STOCK EXCHANGE RELEASE     4 October, 2012  at 13.00


Correction: Stock exchange release sent today at 12.00 was wrong,  here the
correct stock exchange release: 

Tulikivi's Managing Director Heikki Vauhkonen to become Tulikivi Board
chairman, and new Managing Director being sought 

Tulikivi Corporation's current Managing Director, Heikki Vauhkonen, is to
become chairman of Tulikivi's Board of Directors on a full-time basis. 

Tulikivi Corporation's Board of Directors has begun the search for a new
Managing Director. The company's Board of Directors has decided that it will
select Heikki Vauhkonen as chairman from among its members once the company's
new Managing Director has taken up his or her duties. These new positions are
expected to take effect in the first half of 2013. 

Managing Director Heikki Vauhkonen: “Transferring to the position of full-time
chairman of the Board is a natural part of the generational change process at
Tulikivi. In the past few years, Tulikivi's operations have seen a considerable
amount of reshaping, as we have discontinued unprofitable businesses and
harmonised core business processes. The renewed fireplace collection, our Green
products ideal for low-energy construction, and our modern sauna heaters all
provide a strong foundation for building the company on the domestic and
international markets.” 



TULIKIVI CORPORATION

Board of Directors

Matti Virtaala

Chairman of the Board


Distribution: NASDAQ OMX Helsinki
Key media
www.tulikivi.com

Further information: Tulikivi Corporation, 83900 Juuka, www.tulikivi.com
- Chairman of the Board of Directors Matti Virtaala, tel. +358 (0)207 636 666
- Managing Director Heikki Vauhkonen, tel. +358 (0)207 636 555



Tulikivi comprises the Tulikivi Corporation, which is a listed family
enterprise, and its subsidiaries. Tulikivi is the world's largest manufacturer
of heat-retaining fireplaces. The company has three product groups: Fireplaces,
Sauna and Interior. Tulikivi and its customers value wellbeing, interior design
and the benefits of bioenergy. Tulikivi's net sales are approximately EUR 60
million, of which exports account for about half. Tulikivi employs over 400
people. 





TULIKIVI CORPORATION       STOCK EXCHANGE RELEASE     4 October, 2012  at 12.00



Tulikivi's Managing Director Heikki Vauhkonen to become Tulikivi Board
chairman, and new Managing Director being sought 



For production-related and economic reasons, Tulikivi Corporation is to begin
co-determination negotiations on temporary layoffs of no more that 90 days in
its soapstone production. 

The temporary layoffs of no more than 90 days would affect soapstone production
and quarrying and the support activities for these at Juuka and Suomussalmi.
The co-determination negotiations concern approximately 250 persons. Tulikivi
will negotiate on the implementation of layoffs in accordance with the demand
situation during this fall and summer 2013. 

Managing Director Heikki Vauhkonen: “Transferring to the position of full-time
chairman of the Board is a natural part of the generational change process at
Tulikivi. In the past few years, Tulikivi's operations have seen a considerable
amount of reshaping, as we have discontinued unprofitable businesses and
harmonised core business processes. The renewed fireplace collection, our Green
products ideal for low-energy construction, and our modern sauna heaters all
provide a strong foundation for building the company on the domestic and
international markets.” 

TULIKIVI CORPORATION
Board of Directors

Matti Virtaala

Chairman of the Board


Distribution: NASDAQ OMX Helsinki
Key media
www.tulikivi.com

Further information: Tulikivi Corporation, 83900 Juuka, www.tulikivi.com
- Chairman of the Board of Directors Matti Virtaala, tel. +358 (0)207 636 666
- Managing Director Heikki Vauhkonen, tel. +358 (0)207 636 555

Tulikivi comprises the Tulikivi Corporation, which is a listed family
enterprise, and its subsidiaries. Tulikivi is the world's largest manufacturer
of heat-retaining fireplaces. The company has three product groups: Fireplaces,
Sauna and Interior. Tulikivi and its customers value wellbeing, interior design
and the benefits of bioenergy. Tulikivi's net sales are approximately EUR 60
million, of which exports account for about half. Tulikivi employs over 400
people.