NEO INDUSTRIAL PLC STOCK RELEASE 1 September 2015 at 10.00 am
RALF SOHLSTRÖM APPOINTED NEO INDUSTRIAL´S MANAGING DIRECTOR
Mr. Ralf Sohlström (53), M.Sc. (El. Eng), has been appointed Managing Director of Neo Industrial Plc starting September 1, 2015. Ralf Sohlström continues as Managing Director of Reka Cables Ltd.
M.Sc. (Tech.) Jari Salo has been released from his position as Managing Director of Neo Industrial Plc. Jari Salo continues supporting the cable business development as member of the Board of Reka Cables Ltd.
Chairman of the Board, Markku E. Rentto: “I want to thank Jari salo for his activeness in developing Neo Industrial during difficult years, specially achieving cost savings, reducing risk level and in financial arrangements. The operating conditions of Neo Industrial have developed favourable during the time when Jari Salo has been acting as the Managing Director. By combining the Managing Director positions we want to seek further cost savings in the group and streamline management and development of cable business after the successful turnaround of Neo Industrial.”
Hyvinkää, 1 September 2015
Neo Industrial Plc
Board of Directors
Further information:
Markku E. Rentto, tel. +358 40 500 1858
Jari Salo, tel. +358 44 278 7226
Ralf Sohlström, tel. +358 40 770 2720
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 NASDAQ Helsinki Stock Exchange. Neo Industrial's business segment is Cable Industry.