Helsinki, Finland, 2016-02-29 13:00 CET (GLOBE NEWSWIRE) --
CAVERION CORPORATION INVESTOR NEWS FEBRUARY 29, 2016 AT 14.00 EET
Changes in Caverion’s Group Management Board
In line with the shifting focus within Caverion from development to implementation and growth, the following changes in Caverion’s Group Management Board will take place as of March 1, 2016.
Group support function Group Development and Strategy will be discontinued and its tasks are divided between two other group support functions to increase focus on implementation of the Group Enterprise architecture and efficient, group-wide procurement. Information Technology & Systems Management (IS/IT) as well as Strategy and Mergers & Acquisitions (M&A) will be part of the Business Development & Marketing group function, led by Carina Qvarngård. Procurement will be part of Delivery & Operations Development group function, led by Matti Malmberg. The changes will not have any change to the operational model of the divisions.
Sakari Toikkanen, the head of the discontinued group function Group Development and Strategy will continue in the Group’s employ. He will now focus solely on strategy execution and driving the M&A processes within the group. Mr. Toikkanen will resign from the Group Management Board of Caverion as of March 1, 2016.
Attachment: Caverion Organisation as of March 1, 2016
For additional information, please contact:
Milena Hæggström, Head of Investor Relations, tel. +358 40 5581 328, milena.haeggstrom@caverion.fi
Merja Eskola, Senior Vice President, Group Human Resources, tel. + 358 40 7440 990, merja.eskola@caverion.fi
Caverion designs, builds, operates and maintains user-friendly and energy-efficient technical solutions for buildings, industries and infrastructure. Our services and solutions are used in commercial and residential buildings and on industrial and public sector properties, as well as in processes, ensuring business continuity, safety, healthy and pleasant surroundings, optimal performance and cost management. Our vision is to be a leading European provider of advanced and sustainable life cycle solutions for buildings and industries. Our strengths include technological expertise and comprehensive services, covering all technical disciplines throughout the entire life cycles of properties and industrial plants. Our revenue in 2015 was approximately EUR 2.4 billion. Caverion has over 17,000 employees in 12 countries in Northern, Central and Eastern Europe. Caverion’s shares are listed on Nasdaq Helsinki.www.caverion.com
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