Efore - Company Announcement

Jorma Wiitakorpi to continue as Efore’s CEO

Espoo, Finland, 2016-12-01 07:30 CET (GLOBE NEWSWIRE) -- Efore Plc  Stock
Exchange Release            December 1, 2016  08:30 am EET 


The Board of Directors of Efore Plc and the company’s CEO, Mr. Jorma Wiitakorpi
(born 1957), have agreed that Mr. Wiitakorpi will continue as the Company’s CEO
by a contract remaining in force until further notice. Originally Mr.
Wiitakorpi’s service contract, commenced on 29 April 2016, was agreed to remain
in force for a specific term ending on 28 April 2017. Mr. Wiitakorpi’s service
contract will remain in force until further notice as of 1 December 2016. 

Mr. Wiitakorpi’s service contract terminates without notice when Mr. Wiitakorpi
reaches the statutory retirement age. 

Further information about Mr. Wiitakorpi is available on the Company’s website
http://www.efore.com/investors/corporate-governance/executive-management-team . 


EFORE PLC

Board of Directors

Further information: Päivi Marttila, Chairman of the Board of Directors,
December 1, 2016 at 09:00 – 10.00 am EET, tel. +358 400 285 358. 

DISTRIBUTION

Nasdaq Helsinki Ltd
Main Media

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 R&D functions
are located in Finland, Sweden, Italy and China. 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