Ruukki Group Plc, Stock Exchange Release, 22 July 2008 at 6:10 p.m.
CHANGES IN RUUKKI GROUP PLC´S MANAGEMENT
Ruukki Group Plc`s Chief Executive Officer and Managing Director Matti Vikkula
and the company have agreed to terminate the service agreement of Mr. Vikkula
effective as of 31 July 2008.
The Board of Directors of Ruukki Group Plc is currently working on the renewed
management structure and will shortly announce the key group management and
their roles and responsibilities.
In order to reflect the strategic change being implemented at Ruukki Group, the
Board of Directors has decided to change the group management structure. As part
of the process it has been agreed that Matti Vikkula will leave Ruukki Group.
“The decision made by the Board of Directors of Ruukki Group to broaden the
business portfolio into minerals looks very promising, especially from
profitability perspective. A material change in business focus needs to be
reflected in the management structure as well.”, says Matti Vikkula.
RUUKKI GROUP PLC
BOARD OF DIRECTORS
Ruukki Group Plc's shares are listed on OMX Nordic Exchange Helsinki in which
the shares of the Company are traded in the mid cap segment, in the industrials
sector.
For additional information, please contact:
Alwyn Smit
Chairman of the Board
Ruukki Group Plc
Telephone +358 50 442 1663 / +41 7960 19094
www.ruukkigroup.fi
Matti Vikkula
Chief Executive Officer
Ruukki Group Plc
Telephone +358 45 6700 606
www.ruukkigroup.fi
This stock exchange release is based on a translation into English of a document
written in Finnish. In case of any discrepancies, inconsistencies or
inaccuracies, the Finnish version of the release shall prevail.