Exel Composites Oyj - Changes board/management/auditors

Exel Composites' Group Management Team reinforced - Kim Sjödahl appointed SVP Product and Technology Development

EXEL COMPOSITES PLC   STOCK EXCHANGE RELEASE 5.1.2012 at 11.10 1 (1)

EXEL COMPOSITES' GROUP MANAGEMENT TEAM REINFORCED - KIM SJÖDAHL APPOINTED SVP
PRODUCT AND TECHNOLOGY DEVELOPMENT 

Mr. Kim Sjödahl, 37, has been appointed Senior Vice President Product and
Technology Development and member of Exel Composites Plc's Group Management
Team as of 1 February 2012. He holds an M.Sc. in Mechanical Engineering,
majoring in composite technology and product development, from the Chalmers
University of Technology (Gothenburg, Sweden). 

Mr. Sjödahl has been employed by Exel Composites since 1997. His earlier
position is VP Product Development for Exel Composites' units in Finland and
Germany. 

“Kim Sjödahl will reinforce Exel Composites' drive to further develop our
global technical sales organization and customer driven product development.
His expertise in composite technology and product development as well as
extensive experience of managing the customer technical interface are excellent
assets to the Company”, Mr. Vesa Korpimies, CEO of Exel Composites, says. 

Exel Composites Management Group members are Mr. Vesa Korpimies, President and
CEO, Mr. Ilkka Silvanto, CFO, Mr. Callum Gough, SVP Operations and Mr. Kim
Sjödahl, SVP Product Development and Technology. 

Vantaa, 5 January 2012

Exel Composites Plc



Vesa Korpimies

President and CEO





FURTHER INFORMATION:
Vesa Korpimies, President and CEO, Exel Composites Plc,
tel. +358 50 590 6754, or email vesa.korpimies@exelcomposites.com

Ilkka Silvanto, CFO, Exel Composites Plc, tel. +358 50 598 9553, or email
ilkka.silvanto@exelcomposites.com 

DISTRIBUTION

NASDAQ OMX Helsinki Ltd.
Main news media
www.exelcomposites.com



EXEL COMPOSITES IN BRIEF

Exel Composites is a technology company which designs, manufactures and markets
composite profiles and tubes for industrial applications. The Group is the
leading composite profile manufacturer in the world and concentrates on growing
niche segments. 

The core of the operations is based on own, internally developed composite
technology, product range based on it and a strong market position in selected
segments with a strong quality and brand image. Profitable growth is pursued by
a relentless search for new applications and development in co-operation with
customers. The personnel's expertise and high level of technology play a major
role in Exel Composites' operations. 

Exel Composites Plc share is listed in the Small Cap segment of NASDAQ OMX
Helsinki Ltd.