Bli medlem
Bli medlem

Du är här

2016-10-21

Solidium Oy: Solidium's Managing Director to leave his position

Solidium's Managing Director, Kari Järvinen, will leave his position as the
Managing Director of Solidium in 2017. The decision to change the Managing
Director was made by Solidium's Board of Directors in agreement with Kari
Järvinen. Mr. Järvinen will leave the duties of the Managing Director on 31st
July 2017. Järvinen will continue his work as the operative Managing Director
of Solidium until 31st January 2017, after which he will act as an advisor to
Solidium until the end of July 2017. The process of hiring a new managing
director will start immediately.
Kari Järvinen has held the position of Managing Director from the beginning of
Solidium's operations in 2009.

"As the Managing Director of Solidium I have had the opportunity to establish
and develop a new way to manage Finnish ownership in publicly listed
companies. In Solidium, we have succeeded in building a model for long-term
ownership where we have been engaged in the development of the companies we
own and to which our owner has been committed. A new phase in Solidium is now
starting. My work in Solidium will still continue, however, I would already
like to take the opportunity to thank the highly professional and committed
personnel of Solidium for their important work and contribution, says Kari
Järvinen".

Solidium's Chairman of the Board, Harri Sailas, regards the contribution and
development done by Kari Järvinen significant.

"The State has during Kari Järvinen's spell successfully adopted a new way of
managing the ownerships in listed companies. I would like to thank Kari
Järvinen for his excellent contribution to Solidium over the years. Solidium
will continue its fundamental task as an active owner in significant Finnish
listed companies. The Ministerial Committee on Economic Policy has in
September approved the new Guidelines of Solidium. A new strategy will be
formulated for Solidium. At this moment it is natural to change the Managing
Director" says the Chairman of the Board, Harri Sailas.

Further information: Harri Sailas, Chairman of the Board, call-back requests,
Inka Virtanen, tel. +358 (0)10 830 8901

Solidium is a limited company wholly owned by the State of Finland.
Its mission is to strengthen and stabilise Finnish ownership in nationally
important companies and increase the value of its holdings in the long term.
The basis and core objective of Solidium's strategy is proper,
value-enhancing asset management of its current holdings. Through its stakes,
Solidium is a minority owner in twelve listed companies: Elisa, Kemira,
Metso, Outokumpu, Outotec, Sampo, SSAB, Stora Enso, Talvivaara Mining
Company, Telia Company, Tieto and Valmet. The market value of Solidium's
equity holdings is approximately 7.3 billion euros at the date of this press
release. Further information:www.solidium.fi/en

---------------------------------------

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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: Solidium Oy via Globenewswire

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.