Efore - Changes board/management/auditors

CHANGES IN EFORE’S ORGANISATIONAL STRUCTURE AND EXECUTIVE MANAGEMENT TEAM

Espoo, Finland, 2015-09-07 08:00 CEST (GLOBE NEWSWIRE) -- Efore Plc       Stock
Exchange Release September 7, 2015  9.00 a.m 

CHANGES IN EFORE'S ORGANISATIONAL STRUCTURE AND EXECUTIVE MANAGEMENT TEAM

Efore Plc will implement a new organisation to support more efficiently the
Group's strategic and financial targets. The objective for the change is to
streamline Efore's internal structure and strengthen functional
responsibilities. Efore will continue to report industrial and
telecommunication sector net sales externally according to previous practice. 

Efore's global organisational structure consists of seven global functions:
- Finance and Administration
- Sales and Marketing
- Manufacturing
- Sourcing and Procurement
- Technology
- Quality and Environment
- Human Resources

“The changes in operational and management structure will help to clarify the
priorities and responsibilities for each function. The new organisation
structure facilitates faster execution and enhances our ability to improve
productivity” says Heikki Viika, President and CEO. 

With these changes in operational structure, the new Efore Executive Management
Team (EMT) comprises of: 

- Riitta Järnstedt, continues as CFO being responsible for Finance and
Administration including ICT 

- Alessandro Leopardi, responsible for Sales and Marketing. He was previously
responsible for BU Industrial at Efore. 

- John Cahill, responsible for Manufacturing. He moves to this role from
heading the Tunisia manufacturing operation. 

- Ruben Tomassoni, responsible for Sourcing and Procurement. He previously held
the role of Head of global Sourcing at Efore. 

- Markku Kukkonen, responsible for Quality and Environment. Markku will also
cover the role of Head of Technology in addition to his new role until the
nomination for the role has been finalized. He previously held the role of Head
of R&D in Efore's BU Telecom. 

- Alexander Luiga, responsible for Human Resources. He was previously
responsible for BU Telecom at Efore. 

- Heikki Viika continues as President and CEO and the Chairman of EMT. He is
also responsible for global communication. 

All EMT members will report to President & CEO.

In conjunction with the reorganisation, Mikael Malm, EVP Operations and a
member of EMT, has decided to leave Efore at the end of September and pursue
opportunities outside the company. 

The composition of Efore's Executive Management Team will change with immediate
effect with migration to the new structure taking place by 30th September. 



EFORE PLC

Heikki Viika
President and CEO

For further information, please contact Mr Heikki Viika, CEO, tel. +358 9 4784
6312. 

DISTRIBUTION

NASDAQ OMX Helsinki Oy
Principal media

Efore Group is an international company which develops and produces demanding
power products. Efore's head office is based in Finland and its production
units are located in China and Tunisia. Sales and marketing operations are
located in Europe, United States and China. In the fiscal year ending in
December 2014, consolidated net sales totalled EUR 85,3 million and the Group's
personnel averaged 914. The company's share is quoted on the Nasdaq OMX
Helsinki Ltd. www.efore.com