Orion - Changes board/management/auditors

Change in Orion Group Executive Management Board as of 21 February 2017

ORION CORPORATION    STOCK EXCHANGE RELEASE    13 FEBRUARY 2017 at 9.00 a.m.
EET


Change in Orion Group Executive Management Board as of 21 February 2017

Dr. Reijo Salonen, M.D., Ph.D., Senior Vice President for Research and
Development of the Orion Group and member of the Executive Management Board of
the Orion Group will, according to his employment contract, retire as of 1 July
2017. He will step aside from his current positions (incl. also the membership
in the Executive Management Board of the Orion Group) as of 21 February 2017 and
has been appointed to the position of Senior Advisor until the end of his
employment, reporting still to the President and CEO of Orion Corporation.

Dr. Christer Nordstedt, M.D., Ph.D., has been appointed Senior Vice President
for Research and Development and member of the Executive Management Board of the
Orion Group, as of 21 February 2017. Nordstedt joins Orion from Eli Lilly, USA,
where his latest position was Vice President and Head CNS Research and Clinical
Investigation. Nordstedt has worked at Eli Lilly since 2011. Before that time he
worked for many years in various leadership positions in Research and
Development at Roche in Switzerland and at AstraZeneca in Sweden. Prior to his
career in the pharmaceutical industry, Nordstedt held the position of Laboratory
Head at the Karolinska Institute in Stockholm, Sweden. Prior to that, Nordstedt
worked in the laboratory of Dr. Paul Greengard (Nobel Laureate 2000) at the
Rockefeller University in New York, USA. Nordstedt, born in 1962, is a citizen
of Sweden.

Timo Lappalainen, President and CEO, says:
"With Reijo Salonen's leadership for the past 10 years, Orion's Research and
Development operations have developed into a recognized world-class organization
with a strong clinical pipeline and numerous global partnerships. It is my
pleasure to thank Reijo for his long lasting and distinguished career as the
leader for Orion's Research and Development operations. Reijo's successor,
Christer Nordstedt, has held many senior positions in Research and Development
in the international pharmaceutical industry. I am confident that with
Christer's leadership Orion will continue to develop both clinically relevant
new pharmaceutical products and high quality generic products to address the
cost containment objectives of payors. I warmly welcome Christer to Orion and as
member of Orion's Executive Management Board."

The CV of Christer Nordstedt is attached.


Picture of Christer Nordstedt
(http://www.orion.fi/globalassets/pictures/christer_nordstedt.jpg)


Orion Corporation


Timo Lappalainen    Olli Huotari
President and CEO   Senior Vice President,
                    Corporate Functions



Contact person:
Timo Lappalainen, President and CEO, phone +358 50 966 3692

Appendix: The CV of Christer Nordstedt



APPENDIX
The CV of  Christer Nordstedt


Christer Nordstedt
Ph.D, Karolinska Institute, Sweden 1991
M.D., Karolinska Institute, Sweden 1989

b. 1962

Senior Vice President, Research and Development as of  21 February 2017

Career

2011-2017      Vice President and Head CNS Research and Clinical Investigation,
Eli Lilly Research Laboratory, USA
2007-2011      Global Head and SVP, CNS Discovery, F. Hoffmann-La Roche,
Switzerland
2000-2007      Vice President Discovery & Preclinical Development CNS/Pain
Control, Site Head Mölndal, AstraZeneca, Sweden
1997-2000      Various leadership positions in Research and Development, F.
Hoffmann-La Roche, Switzerland
1992-1998      Laboratory Head, Clinical Neurobiology, Karolinska Institute,
Sweden







Publisher:
Orion Corporation
Communications
Orionintie 1A, FI-02200 Espoo, Finland
Homepage: www.orion.fi



Orion is a globally operating Finnish pharmaceutical company - a builder of
well-being. Orion develops, manufactures and markets human and veterinary
pharmaceuticals, active pharmaceutical ingredients and diagnostic tests. The
company is continuously developing new drugs and treatment methods. The core
therapy areas of Orion's pharmaceutical R&D are central nervous system (CNS)
disorders, oncology and respiratory for which Orion developes inhaled Easyhaler®
pulmonary drugs. Orion's net sales in  2016 amounted to EUR 1,074 million and
the company had about 3,500 employees. Orion's A and B shares are listed on
Nasdaq Helsinki. Founded in 1917, Orion celebrates its centennial anniversary in
2017.

[]