Espoo, Finlane, 2014-10-24 08:05 CEST (GLOBE NEWSWIRE) --
EFORE PLC Stock Exchange Release October 24, 2014 at 9.05 a.m.
Efore Plc’s Board of Directors and CEO Vesa Vähämöttönen have together agreed to terminate the CEO agreement. Vesa Vähämöttönen will continue as the CEO of the company until the end of February 2015.
Mrs. Päivi Marttila, Chairman of the Board of Directors: ”We would like to thank Vesa for developing the company for several years. The strategic change has been significant as well as the turnaround in profitability during this year.”
EFORE PLC
Board of Directors
For further information please contact Mrs. Päivi Marttila, Chairman of the Board of Directors on October 24, 2014 at 10-11 a.m. tel. +358 400 285358.
DISTRIBUTION
Nasdaq OMX Helsinki Oy
Principal media
Efore Group
Efore Group is an international company which develops and produces demanding power products. Efore's head office is based in Finland and its production units are located in China and Tunis. Sales and marketing operations are located in Europe, United States and China. In the fiscal year ending in December 2013, consolidated net sales totaled EUR 82.5 million and the Group's personnel averaged 836. The company's share is quoted on the Nasdaq OMX Helsinki Ltd. www.efore.com