Exel Composites Oyj - Changes board/management/auditors

Changes in Exel Composites’ Group Management Team

EXEL COMPOSITES PLC     STOCK EXCHANGE RELEASE    2 DECEMBER 2016 at 13:15 EET


Changes in Exel Composites’ Group Management Team

As of 1 January 2017 Mr Ilkka Silvanto, 65, will retire and leave his position
as SVP Strategic Projects and Legal Counsel at Exel Composites Plc as well as
member of the company’s Group Management Team (GMT). His responsibilities in
strategic projects and legal matters will be distributed among members of the
existing GMT and the current organization. In addition to Mr Silvanto, Exel
Composites’ GMT currently consists of Mr Riku Kytömäki (President and CEO), Mr
Mikko Kettunen (CFO), Mr Callum Cough (SVP Operations), Ms Tiina Hiltunen (SVP
Human Resources), Mr Kari Loukola (SVP Sales & Marketing) and Mr Kim Sjödahl
(SVP R&D and Technology). 

“I wish to thank Ilkka for his significant contribution to our company and for
his committed work over the past 12 years both in his CFO role and in his most
recent role as SVP Strategic Projects. We wish him all the best in the future”,
says Riku Kytömäki. 


Vantaa, 2 December 2016


Exel Composites Plc
Riku Kytömäki, President & CEO


For further information, please contact:
Riku Kytömäki, President and CEO
tel. +358 50 511 8288
riku.kytomaki@exelcomposites.com

Mikko Kettunen, CFO
tel. +358 50 347 7462
mikko.kettunen@exelcomposites.com

Distribution
Nasdaq Helsinki Ltd
Main news media
www.exelcomposites.com


Exel Composites in brief

Exel Composites (www.exelcomposites.com) is a leading composite technology
company that designs, manufactures and markets composite products and solutions
for demanding applications. Exel Composites provides superior customer
experience through continuous innovation, world-class operations and long-term
partnerships. 

The core of the operations is based on own, internally developed composite
technology, product range based on it and 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
Nasdaq Helsinki Ltd.