Caverion Oyj - Company Announcement

Changes in Caverion’s division structure and Group Management Board

Helsinki, Finland, 2015-11-09 09:00 CET (GLOBE NEWSWIRE) -- 
CAVERION CORPORATION  STOCK EXCHANGE RELEASE  NOVEMBER 9, 2015 AT 10.00 A.M. EET

Changes in Caverion's division structure and Group Management Board

Caverion is renewing its division structure by combining its operations in
Denmark and Norway under one new division to be formed. As a result, the
following changes will take place as of January 1, 2016. 

After the change there will be seven divisions in Caverion. The new division
will be the second largest division in the Group with a combined revenue of EUR
585 million based on the reported figures in 2014. 

Knut Gaaserud, currently Executive Vice President & CEO, Division Norway, will
be responsible for the new division reporting to President and CEO Fredrik
Strand. Mr. Gaaserud will also continue as a member of the Group Management
Board of Caverion. Mr. Peter Rafn, Senior Vice President & CEO of Division
Denmark will resign from the Group Management Board of Caverionas of January 1,
2016.Mr. Rafn will remain in his present position until the end of 2015, after
which he will leave Caverion for a leading position in another industry. 

“With this change we are seeking to unite teams that complement each other very
well. In the new division the knowledge of our Danish and Norwegian colleagues
can be efficiently utilised cross border,“ says President and CEO Fredrik
Strand. 


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