Exel Composites Oyj - Changes board/management/auditors

Exel Composites strengthens Group Management Team to implement the growth strategy

Mikko Kettunen appointed SVP CFO, Ilkka Silvanto appointed SVP Strategic
Projects 

EXEL COMPOSITES PLC     STOCK EXCHANGE RELEASE                   13.1.2015 at
9.30 a.m. 

EXEL COMPOSITES STRENGTHENS GROUP MANAGEMENT TEAM TO IMPLEMENT THE GROWTH
STRATEGY 

MIKKO KETTUNEN APPOINTED SVP CFO, ILKKA SILVANTO APPOINTED SVP STRATEGIC
PROJECTS 

Mr. Mikko Kettunen, 38, has been appointed SVP, CFO and member of Exel
Composites Plc's Group Management Team as of 7 April 2015. He holds an M.Sc. in
Economics and Business Administration from Helsinki School of Economics. 

Mr. Kettunen has previously worked as CFO with Maillefer Group based in
Switzerland. Prior to that he has worked in several leadership roles in
financial management and planning at Foster Wheeler Energia Oy and also gained
experience at PwC Corporate Finance Oy in corporate analysis and valuation as
well as M&A through several disposal and acquisition projects. Mr. Kettunen
succeeds Mr. Ilkka Silvanto, 63, who has been appointed SVP, Strategic
Projects, effective as of 7 April 2015, and will continue reporting to CEO and
being member of Group Management Team. 

- In order to continue executing Exel Composites' new growth strategy, we are
now able to strengthen our Management Team with Mikko Kettunen, having great
experience from international companies' financial planning, analysis and
management, and also from supporting companies' turnarounds and working with
M&A projects. At the same time we can dedicate Ilkka Silvanto full time to
follow up and execute strategic projects, such as factory expansions and M&A
screening, Mr. Riku Kytömäki, President and CEO of Exel Composites, says. 



Vantaa, 13 January 2015



EXEL COMPOSITES PLC

Riku Kytömäki
President and CEO



Further information
Riku Kytömäki, President and CEO, tel. +358 50 511 8288, or email
riku.kytomaki@exelcomposites.com 
Ilkka Silvanto, CFO and Administrative Director, tel. +358 50 598 9553, or
email ilkka.silvanto@exelcomposites.com 

Distribution
NASDAQ OMX 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 the Small Cap segment of NASDAQ OMX
Helsinki Ltd.