Efore - Changes board/management/auditors

Martin Raznovich appointed Group CFO and Member of the Executive Management Team of Efore Plc

Espoo, Finland, 2016-06-29 11:00 CEST (GLOBE NEWSWIRE) -- EFORE PLC  Stock
Exchange Release   June 29, 2016    12:00 



Martin Raznovich (born 1971, Master’s Degree in Management Engineering) has
been appointed Group CFO (Chief Financial Officer) and a member of the
Executive Management Team at Efore as of July 1, 2016. He will be based in
Espoo, Finland and report to Jorma Wiitakorpi, President and CEO of Efore. 

Riitta Järnstedt, current CFO will leave the company on August 19, 2016 to
assume a new CFO position with another listed company. Riitta and Martin will
work together during a transition period. 

Martin Raznovich was Group CFO in ROAL Electronics when Efore acquired the ROAL
in July 2013, and since then he has covered the roles of Industrial BU
controller and recently Group Controller for Sales. His previous roles include
various international leadership roles at Sirti SpA in Spain, UK, Italy,
Germany and in the USA (1997-2010). 

“I would like to thank Riitta for her excellent contribution to the company’s
development and wish her all the best in her new task. I am convinced that
Martin’s broad international background and experience will bring more
expertise and new ideas to the team. I wish Martin welcome to our Executive
Management Team.” says Jorma Wiitakorpi. 


EFORE PLC

Jorma Wiitakorpi
President and CEO

For further information please contact on June 29, 2016 at 2-3 p.m. Jorma
Wiitakorpi, President and CEO, tel. +358 40 175 8510. 

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Nasdaq Helsinki Oy
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Efore Group

Efore Group is an international company which develops and produces demanding
power products. Efore's head office is based in Finland and its production
units are located in China and Tunisia. Sales and marketing operations are
located in Europe, United States and China. In the fiscal year ending in
December 2015, consolidated net sales totalled EUR 89,9 million and the Group's
personnel averaged 887. The company's share is quoted on the Nasdaq Helsinki
Ltd. www.efore.com