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Caverion: Fredrik Strand discontinues as President and CEO of Caverion

Caverion Corporation Stock exchange release May 17, 2016 at 9:00 a.m.

Fredrik Strand discontinues as President and CEO of Caverion

Caverion Corporation and its President and CEO Fredrik Strand have
jointly agreed that Fredrik Strand will discontinue his duties as
President and CEO of Caverion Corporation immediately. Fredrik Strand
has served as President and CEO of Caverion Corporation since April

The Board of Directors of Caverion Corporation will immediately
initiate the application process for a new President and CEO.

Vice President, Group Strategy and M&A Sakari Toikkanen will
temporarily assume the position of President and CEO as of May 17,
2016 until further notice.

Ari Lehtoranta, Chairman of the Board of Directors of Caverion

"Fredrik Strand has been leading Caverion for two years, during which
the strategy has been implemented consistently. The organisation has
been strengthened and the investments have been made to develop and
harmonise the company's operational model, processes and systems.
Profitability has been developed under the management of Fredrik
Strand, but not enough.

Caverion continues the strategy implementation and the company's
development by taking the client needs and the digitalisation of the
operating environment into account. It is essential that the
investments made have a favourable effect on the company's results.
The employees have a significant role in this."

The CV and the photo of Sakari Toikkanen are available on Caverion's
website at


The Board of Directors


Caverion will arrange a conference call for analysts, investors and
media on May 17, 2016, at 11:00 a.m. (Finnish Time, EEST). The call
can be accessed by calling +44(0)20 3427 1918. Participant code for
the conference call is "7427755 / Caverion".

Distribution: Nasdaq Helsinki, principal media,

For further information: Ari Lehtoranta, Chairman of the Board gives
further information; please contact Päivi Alakuijala, VP, Marketing
and Communications, tel. +358 40 8400 251

Caverion designs, builds, operates and maintains user-friendly and
energy-efficient technical solutions for buildings, industries and
infrastructure. Our services and solutions are used in commercial and
residential buildings and on industrial and public sector properties,
as well as in processes, ensuring business continuity, safety,
healthy and pleasant surroundings, optimal performance and cost
management. Our vision is to be a leading European provider of
advanced and sustainable life cycle solutions for buildings and
industries. Our strengths include technological expertise and
comprehensive services, covering all technical disciplines throughout
the entire life cycles of properties and industrial plants. Our
revenue in 2015 was approximately EUR 2.4 billion. Caverion has over
17,000 employees in 12 countries in Northern, Central and Eastern
Europe. Caverion's shares are listed on Nasdaq Helsinki. (, @CaverionGroup

Join our story: #Csaga

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