Janne Martola appointed Innofactor’s CFO and Deputy CEO

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| Source: Innofactor Oyj
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Innofactor’s Board of Directors has appointed Janne Martola CFO for Innofactor Plc and Deputy to the CEO as of July 9, 2014. Since 2011 Martola has worked as Vice President responsible for Innofactor’s International Business and Acquisitions. In his new role, Martola, M.Sc. (Tech.), will continue as member of Innofactor’s Executive Board reporting to CEO Sami Ensio.

With this action, Innofactor streamlines its organization, increases the business focus of its financial management, and ensures the high level of its mergers and acquisitions competence also in the future. Innofactor will discontinue the role of a separate Vice President for International Business. Going forward, the Country Managers will report directly to the corporation’s CEO Sami Ensio. In the future, Martola will be responsible for mergers and acquisitions in addition to his CFO role. He will also act as Deputy to the CEO. Innofactor will immediately initiate the recruitment for a person to focus on mergers and acquisitions as well as international business and to strengthen the respective team under the CFO. With these arrangements, the number of Executive Board members will decrease from nine to eight.

”With this arrangement we are able to tighten Innofactor’s management and centralize our Executive Board operations. I believe that we will be able to focus more and more on strategic and business topics in the Executive Board. We will also be better equipped to ensure the continuity and scalability of mergers and acquisitions in the future,” says Innofactor’s CEO Sami Ensio. “Furthermore, Janne Martola is extremely well qualified to act as my deputy.”

”Innofactor’s CFO role is a wonderful opportunity for me,” says Janne Martola. “I believe that in my new role I can create even more value to Innofactor’s shareholders. My objective is to create a financial management function for Innofactor that will strongly support business and to build a strong mergers and acquisitions team with prerequisites to execute the growth targets outlined in our strategy.”

Innofactor’s former CFO Tiina Pulli will not continue at the service of the company. Innofactor thanks Pulli for her contribution.

 

Espoo, July 9, 2014

INNOFACTOR PLC

Sami Ensio, CEO

 

Additional information:

CEO Sami Ensio, Innofactor Plc

Tel. +358 50 584 2029

sami.ensio@innofactor.com

 

Distribution:

NASDAQ OMX Helsinki

Principal media

www.innofactor.com

Innofactor is one of the leading Nordic IT solution providers focused on Microsoft platforms. Innofactor delivers business critical solutions and maintenance services as a system integrator and develops its own software products and services. Innofactor’s own product development is focused on Microsoft’s Windows Azure based cloud solutions. Innofactor's customers include over 1,000 private and public sector organizations in Finland, Denmark, Sweden and elsewhere in Europe. The company has over 400 motivated and skilled employees in a number of locations in Finland, Den-mark, Sweden and Russia. From 2009 to 2013, Innofactor's annual net sales growth has been 43 percent on average. Leading Finnish business publication Kauppalehti selected Innofactor as the most successful company on the Finnish stock exchange in 2013. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ OMX Helsinki Oy.