Entire Board of Directors now composed of company-external members only

At its meeting held today, the Supervisory Board of Orion Corporation decided to change the composition of the Board of Directors to consist of company-external members only. Therefore, Jukka Viinanen, President of Orion Corporation and Group CEO, and Pauli Torkko, Executive Vice President and CFO, will step down from the Board and will be replaced by Petteri Karttunen, Managing Director of Gyllenberg Asset Management Oy, and Tuomo Lähdesmäki, President of Elcoteq Network Corporation. Professor Juhani Leikola will continue as Chairman. Aatto Prihti was re-elected to continue as Deputy Chairman, and Erkki Etola and Eero Karvonen were re-elected as members. Hence, the Board of Directors is now entirely composed of persons from outside the company.

Mr. Karttunen will resign from the Supervisory Board of Orion Corporation due to the membership in the Board of Directors.


As of 1 January 2001, the composition of the Board of Directors of Orion Corporation is as follows:

Chairman: Juhani Leikola, MD, Professor, Director of Finnish Red Cross Blood Transfusion
Deputy Chairman: Aatto Prihti, D.Sc. (Econ.), President of the Finnish National Fund for Research and Development (SITRA)
Members:
Erkki Etola, M.Sc. (Eng.), Chairman of the Board of the Etola Companies
Petteri Karttunen, M.Sc. (Econ.), Managing Director of Gyllenberg Asset Management Oy
Eero Karvonen, M.Sc. (Eng.), President of EVK-Capital Oy
Tuomo Lähdesmäki, M.Sc. (Eng.),MBA, President of Elcoteq Network Corporation



Orion Corporation


Jukka Viinanen

Pauli Torkko