NEO INDUSTRIAL PLC STOCK EXCHANGE RELEASE 28 April 2015 at 9.30 am
NEO INDUSTRIAL PLC: MR.RALF SOHLSTRÖM APPOINTED MANAGING DIRECTOR OF REKA CABLES LTD
Mr. Ralf Sohlström (52), M.Sc. (Eng.) has been appointed as Managing Director of Reka Cables Ltd. from 1.5.2015. Reka Cables Ltd. is subsidiary of Neo Industrial Plc. Ralf has previously worked as Managing Director of Kolmeks Group Oy and Meconet Oy.
Reka Cables' former Managing Director Harry Clayhills M.Sc. (Econ.) will continue from 28.4.2015 carrying out assignments given by the Board of Directors.
The financial situation of Reka Cables has been developing favorable in year 2014. The change of the leadership will further enhance focus on profitable growth. Business growth will be sought especially from exporting cables products to Nordic Countries and Baltic.
Hyvinkää, 28 April 2015
Neo Industrial Plc
Jari Salo
Managing Director
FURTHER INFORMATION
Jari Salo, Managing Director, tel. +358 207 209 196
Jukka Koskinen, Chairman of the Board, Reka Cables Ltd, tel. +358 40 7499 402
Neo Industrial's strategy is to invest mainly in industrial companies with similar synergic benefits. The aim of investments is with active ownership to develop the purchased companies and establish additional value. Returns are sought through both dividend flow and an increase in value. Neo Industrial's class B shares are listed on the main list of NASDAQ Helsinki Stock Exchange. Neo Industrial's business segment is Cable Industry.