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Aspo Plc: Mikko Laavainen appointed Managing Director of Leipurin Plc, part of Aspo Group

ASPO Plc STOCK EXCHANGE BULLETIN February 18, 2016 at 13:00
Mikko Laavainen, M.Sc. (Marketing) 42, has been appointed the new Managing
Director of Leipurin Plc, part of Aspo Group, and a member of the Group
Executive Committee of Aspo Group starting from March 1, 2016. Since 2006,
Mikko Laavainen has worked as a director of Raisio Plc - in managerial
positions in sales and marketing at first. Since 2012 he was in charge of
Raisio Plc's Benecol operations.

"Mikko Laavainen's performance in the development of solution operations in
the demanding international food market represents an excellent addition to
the new strategy and development phase of Leipurin Plc. The future
development of Leipurin Plc will focus not only on solid expertise in
industrial baking, but also on Out-of-Home products and concepts, such as
cafés and snacks."

"Leipurin holds a strong market position in Finland, Russia and the Baltic
region. By appointing Mikko Leipurin's new Managing Director, we are looking
for new development and growth. In western markets, it is important to have a
clear understanding of the changing demands of consumers and to possess
varied knowledge of the development of distribution channels. In eastern
growth markets, such as Russia, Leipurin is seeking a stronger position, for
example, by launching frozen bakery product concepts and by looking for new
sales channels, such as cafés and service station chains. Paul Taimitarha,
the current Managing Director of Leipurin Plc, will leave the company on
February 29, 2016. I wish to thank Paul for his strong input in the
development of Leipurin Plc, the creation of the new strategy and the
start-up of changes, first as a member of the Board of Directors and now as
the Managing Director," says Aki Ojanen, Chairman of the Board of Directors
of Leipurin Plc.

In 2015, Leipurin's net sales amounted to EUR 118 million and the operating
profit was EUR 2.4 million. Leipurin Plc is part of Aspo Group. Aspo's net
sales in 2015 totaled EUR 446 million and its operating profit stood at EUR
20.6 million. Aspo's strategy is to own, lead and develop its businesses that
are striving to become market leaders in their sectors. Aspo operates in 17


Aki Ojanen

Further information:
Aki Ojanen, CEO of Aspo Plc, Chairman of the Board of Leipurin Plc, tel. +358
9 521 4010, +358 400 106 592, aki.ojanen@aspo.com
Nasdaq Helsinki
Key Media

Aspo is a conglomerate that owns and develops business operations in Northern
Europe and growth markets focusing on demanding B-to-B customers. Our strong
company brands - ESL Shipping, Leipurin, Telko and Kaukomarkkinat - aim to be
the market leaders in their sectors. They are responsible for their own
operations, customer relationships and the development of these. Together
they generate Aspo's goodwill. Aspo's Group structure and business operations
are continually developed without any predefined schedules.


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Aspo Oyj via Globenewswire


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