PKC Group Oyj - Changes board/management/auditors

Changes in the Executive Board of PKC Group

PKC Group Plc         Company Announcement 6 August 2015      8.20 am



Changes in the Executive Board of PKC Group



PKC strengthens its executive board with new appointments and realignment of
leadership. 



New appointments:



Mrs. Julie Bellamy, born 1962, BA, has been appointed Group Senior Vice
President, Human Resources. She will be responsible for leading and further
developing human resource excellence within PKC globally. Most recently, Mrs.
Bellamy has served as the VP, Human Resources, PKC North America. 



Mr. Vesa Vähämöttönen, born 1966, Licenciate in Technology, has been appointed
Group Senior Vice President, Business Development. His responsibilities will
include quality, risk management, technology and various global initiatives to
develop PKC's operations. Mr. Vähämöttönen has previously worked at Efore Oyj
where he served as President and CEO. 



Mr. Andre Gerstner, born 1977, Industrial Engineering studies, has been
appointed President, Rolling Stock Business. He will have global responsibility
for leading and further developing PKC's business for rolling stock customer
segment. Mr. Gerstner has previously served as President and CEO of Groclin
S.A. 



Realignments:



Mr. Jyrki Keronen, currently Senior Vice President for Business Development and
APAC, will hand over his business development responsibilities to Mr.
Vähämöttönen. Mr. Keronen will be responsible for leading and developing PKC
business in the Asia/Pacific region as President, Wiring Systems, APAC. 



Ms. Sanna Raatikainen will continue as General Counsel and Secretary to the
Board of Directors and will report to CFO Juha Torniainen. Mr. Jarmo Rajala
will continue as President, Electronics and will report to President & CEO
Matti Hyytiäinen and will be responsible for leading and developing PKC's
Electronics business. 



With these changes, the new PKC Executive Board is comprised of:



- Matti Hyytiainen, President & CEO, Chairman of Executive Board

- Julie Bellamy, Group Senior Vice President, Human Resources

- Andre Gerstner, President, Rolling Stock Business

- Jyrki Keronen, President, Wiring Systems, APAC

- Jani Kiljala, President, Wiring Systems, Europe and South America

- Frank Sovis, President, Wiring Systems, North America

- Juha Torniainen, CFO

- Vesa Vähämöttönen, Group Senior Vice President, Business Development



All Executive Board members will report directly to Matti Hyytiainen.



“I'm pleased to announce today these changes in which we strengthen our
management capabilities and capacity to execute PKC 2018 strategy. These
changes will enable us to capture both organic and inorganic growth
opportunities. In order to continue to deliver industry leading services to our
customers and to improve our profitability, new initiatives in the areas of
technology, manufacturing and people management are brought forward. PKC
business is a people business and with enhanced focus on leadership skills and
organizational effectiveness, we will strengthen our position as an employer of
choice within the industry. I'm confident that with these changes, PKC is
moving firmly towards our 2018 strategy targets,” states President & CEO Matti
Hyytiäinen. 



The changes will be valid from 6 August 2015 onwards.





PKC Group Plc



Board of Directors



Matti Hyytiäinen

President & CEO



For additional information, contact:

Matti Hyytiäinen, President & CEO, PKC Group Plc, tel. +358 (0)400 710 968





Distribution

Nasdaq Helsinki

Main media

www.pkcgroup.com





PKC Group is a global partner, designing, manufacturing and integrating
electrical distribution systems, electronics and related architecture
components for the commercial vehicle industry, rolling stock manufacturers and
other selected segments. The Group has production facilities in Brazil, China,
Estonia, Finland, Germany, Lithuania, Mexico, Poland, Russia, Serbia and the
USA. The Group's revenue in 2014 totalled EUR 829.5 million. PKC Group Plc is
listed on Nasdaq Helsinki.