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2007-08-01 12:00:00 CEST 2007-08-01 12:00:00 CEST REGULATED INFORMATION Lännen Tehtaat - Changes board/management/auditorsLÄNNEN TEHTAAT STRENGTHENS ITS RESOURCES IN DOMESTIC FISH BUSINESSLÄNNEN TEHTAAT PLC STOCK EXCHANGE RELEASE AUGUST 1, 2007 at 1.00 p.m. LÄNNEN TEHTAAT STRENGTHENS ITS RESOURCES IN DOMESTIC FISH BUSINESS The Fish Business is one of Lännen Tehtaat's strategic focus areas. In recent years the Group has strengthened its Fish Business through corporate acquisitions in Finland, Norway and Sweden, the aim being the creation of a strong position in the northern Baltic region. In Finland the purpose is to turn Apetit Kala into the leading and most profitable industrial player in the sector. Apetit Kala's core processes will undergo further strong development, the goal being superiority in raw material procurement, deliverability, delivery reliability and productivity. In order to achieve this, Lännen Tehtaat is strengthening Apetit Kala's resources. Ari Laarne, 40, M.Sc.(Eng.), has been appointed managing director of the company as of August 1, 2007 and Heljä Mantere, 43, Master of Food Sciences, as its production director. Ari Laarne will focus on the development of the company's core processes and control of operations. He has carried out similar duties at companies such as Nokian Tyres plc and Pilkington Automotive Finland Oy. Previous to becoming managing director, Laarne was the IT director for the Lännen Tehtaat Group. Heljä Mantere will be responsible for the company's production and quality, and the development of productivity. She has previously been director in charge of production, product development and quality control at companies such as Liha-Saarioinen Oy and Atria Lithells AB in Sweden. Apetit Kala Oy, a subsidiary of Lännen Tehtaat plc, produces, markets and sells fresh fish products under the Apetit brand and retailers' own brands and sells fish, fish products and other fresh products in its Kalatori outlets. Net sales for Apetit Kala Oy totalled EUR 58.9 million in 2006 and the profit after financial items was EUR 0.6 million. At the end of 2006 the company employed some 280 people. LÄNNEN TEHTAAT PLC Matti Karppinen CEO More details: Matti Karppinen, CEO, Lännen Tehtaat plc, tel. +358 10 402 4001 Distribution: Helsinki Stock Exchange Main media www.lannen.fi |
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