Caverion Oyj - Company Announcement

Changes in Caverion’s Group Management Board

Helsinki, Finland, 2015-09-09 08:10 CEST (GLOBE NEWSWIRE) -- 
CAVERION CORPORATION    STOCK EXCHANGE RELEASE    SEPTEMBER 9, 2015 AT 9:10 EEST

Changes in Caverion's Group Management Board

Caverion is moving towards the next phase of its strategy with strengthened
focus on growth and development of the group business mix. As a result, the
following changes in Caverion's Group Management Board will take place as of
October 1, 2015 in order to align the management structure with the execution
of the next stage of strategy. 

There will be two new group functions reporting to President and CEO Fredrik
Strand: Group Business Development & Marketing and Group Delivery & Operations
Development. These will replace the former two group functions Service
Efficiency and Project Excellence. 

Mrs. Carina Qvarngård (born 1959, M.Sc. Mechanical Engineering) has been
appointed as Senior Vice President, Group Business Development & Marketing, and
member of the Group Management Board of Caverion. In her new role Mrs.
Qvarngård will drive the development of professional sales and
commercialisation of a unified market offering in all service areas. Mrs.
Qvarngård will start in her new position on October 1, 2015, and report to the
President and CEO Fredrik Strand. Mrs. Qvarngård currently holds the position
of Vice President for Product and Solution Management in Support Function Group
Strategy & Development in Caverion Group. Mrs. Qvarngård has previously done an
extensive career in Ericsson Global Services and Sodexo Nordics in positions
such as the Head of Ericsson Education, the head of Ericsson Project Management
Institute, Head of Global Delivery Strategies and head of Strategy & Portfolio
management in Sodexo Nordics. 

Mr. Matti Malmberg, the head of the discontinued group function Service
Efficiency, will be responsible for the new group function Group Delivery &
Operations Development focusing on the development of the delivery view for
Caverion's market offering in all service areas. Mr. Malmberg will also
continue as a member of the Group Management Board of Caverion. 

Mr. Karl-Walter Schuster, the head of the discontinued group function Project
Excellence, will continue in the Group's employ as a Senior Adviser to CEO. His
main focus will be to support the operation of project offices in divisions.
Mr. Schuster will resign from the Group Management Board of Caverion as of
October 1, 2015. 

“With this change we focus on the next phase of our strategy. We are now
preparing ourselves for growth through commercialisation of our market offering
and introduction of innovative and advanced solutions,“ says President and CEO
Fredrik Strand. 

Attachment: Caverion Organisation as of October 1, 2015



The CV and the photo of Carina Qvarngård are available on Caverion's website at
www.caverion.com/investors. 



Additional information:

Milena Hæggström, Head of Investor Relations, tel. +358 40 5581 328,
milena.haeggstrom@caverion.fi 

CAVERION CORPORATION

Distribution: NASDAQ Helsinki, principal media, www.caverion.com



Caverion designs, builds, operates and maintains user-friendly and
energy-efficient technical solutions for buildings, industries and
infrastructures. Our services and solutions are used in commercial, industrial,
public and residential buildings and processes ensuring business continuity,
safe, healthy and comfortable conditions, optimised performance and cost
control. We aim to be a leading European provider of advanced and sustainable
life cycle solutions. Our strengths include technological competence and
comprehensive services, covering all technical disciplines throughout the life
cycle of the property and industrial plant. Our revenue for 2014 amounted to
approximately EUR 2.4 billion. Caverion has about 17,000 employees in 12
countries in Northern, Central and Eastern Europe. Caverion's shares are listed
on Nasdaq Helsinki. www.caverion.com

Attachments:

Caverion Organisation as of October 1 2015.pdf