Cramo Oyj - Changes board/management/auditors

Change in Cramo Group management team

Vantaa, Finland, 2016-08-16 08:00 CEST (GLOBE NEWSWIRE) -- Cramo Plc     Stock
Exchange Release 16 August, 2016 at 9.00 am (EET) 

Change in Cramo Group management team

Mr Peter Bäckström has been appointed Managing Director of Cramo AB in Sweden
and Executive Vice President (EVP) and member of Cramo Group Management team,
succeeding Mr Göran Carlson. Mr Bäckström will assume his position on 1 January
2017. 

Mr Peter Bäckström new Managing Director at Cramo Sweden

Mr Peter Bäckström has been appointed EVP and Managing Director of Cramo AB. In
region Scandinavia, Cramo Denmark will report to Mr Bäckström while Cramo
Norway will report to CEO Mr Leif Gustafsson. 

Mr Bäckström comes from Global Workplace Solutions (GWS), which is a part of
CBRE, a world leading commercial real estate services group. At CBRE GWS Mr
Bäckström holds the position as Director and Divisional Leader for Service
delivery Nordic, responsible for Enterprise Facilities Management (integrated
solutions for operations and maintenance, workplace services and other support
services to commercial real estate owners) with 500 employees, approximately
fifteen hundred suppliers and 135 MUSD revenue in four countries. Previously Mr
Bäckström held various operational as well as senior global and European
executive positions in Johnson Controls. 

“Peter Bäckström is a proven senior executive with a strong track record in
service development and service sales. His experience from different leading
positions in various international and cultural contexts will be a strong asset
for Cramo. His track record from service development and growth fits perfectly
in the Cramo strategy”, says Mr Leif Gustafsson, President and CEO of Cramo
Group. 

Mr Göran Carlson leaves Cramo

After leaving the company in early 2013, Göran Carlson returned to Cramo in
June 2015 as Managing Director of Cramo AB, Senior Executive Vice President,
Cramo Scandinavia and member of Cramo Group Management team. 

“Cramo is an extremely inspiring company to work for”, says Mr Göran Carlson.
“When returning to the company last year it was mutually understood that the
intention was to facilitate a smooth transition into a more permanent solution
in view of the CEO transition. Now is a good time for a change. We are entering
a new strategic phase on Group level and we have a successor with a more
long-term perspective in Scandinavia. In addition, Sweden is performing at top
level and we have seen great improvements in Norway and Denmark further
underlining the good timing.” 

“Göran Carlson’s contribution to Cramo’s development has been significant both
in his earlier position as deputy CEO and when he returned to the company as
Swedish MD and EVP Scandinavia”, says Mr Leif Gustafsson. “Göran’s decision to
accept the Swedish MD position last year has been valuable to improve the
profitability further in Sweden and helped us much in finding a smooth
transition into a more permanent solution. I wish him the best of luck in his
future endeavors”. 

CRAMO PLC

Leif Gustafsson
President and CEO



Further information
Mr Leif Gustafsson, President and CEO, tel: +46 70 677 2777





Distribution:
Nasdaq Helsinki Ltd.
Major media
www.cramo.com



Cramo is Europe’s second largest rental services company specialising in
construction machinery and equipment rental and rental-related services as well
as the rental of modular space. Cramo operates in fifteen countries and in
about 330 depots. With a group staff around 2.500, Cramo's consolidated sales
in 2015 was EUR 668 million. Cramo shares are listed on the Nasdaq Helsinki
Ltd.