Revenio Group Corporation Stock exchange release October 22, 2012, at 1pm REVENIO GROUP CORPORATION IS CLARIFYING ITS STRATEGY AND IMPLEMENTING A REORGANIZATION AND RESTRUCTURING The Board of Revenio Group Corporation has decided on measures addressing the Group's strategy and organizational structure. The primary objective with the changes is to accelerate the Corporations' growth. At the same time, operations will be made more efficient through consolidation of the Group's support functions and data systems. From December 1, 2012, the Group's business operations will be divided into two business units and reporting segments. Of the current Group companies, Icare Finland and some of the parent company's functions will be part of the Revenio Health Tech segment. Group President and CEO Olli-Pekka Salovaara will be responsible for that segment in addition to his other duties. Done Logistics, Done Software Solutions, FLS Finland, Boomeranger Boats, and Midas Touch, along with, again, some functions of the Group's parent company, will be assigned to the unit now being created, Revenio Technology and Services. Riku Lamppu has been appointed as the manager for this business area. In the future, the Management Group for Revenio Group will consist of Group President and CEO Olli-Pekka Salovaara, Revenio Technology and Services segment manager Riku Lamppu, Development Director Juha Kujala, and Chief Financial Officer Pekka Raatikainen. The current CEOs of all Group companies will remain in their present positions. President and CEO Olli-Pekka Salovaara describes the change: "With the changes taking place, both arms of Revenio will seek strong growth on their own strengths. As President and CEO of the Group, I hope these changes will bring more transparency, simplicity, savings on costs, systematic enhancing of business operations, and profitable growth to the Group's business operations. The Revenio Health Tech segment will concentrate on preparing and creating global growth opportunities for existing and new business operations, both organically and inorganically. For its part, Revenio Technology and Services will primarily concentrate on increasing profitability, organic growth, and efficiency." Revenio Group Corporation Olli-Pekka Salovaara President and CEO For further information, please consult: Olli-Pekka Salovaara, President and CEO, at +358 40 567 5520 or olli-pekka.salovaara@revenio.fi http://www.revenio.fi/ DISTRIBUTION: NASDAQ OMX Helsinki Financial Supervisory Authority (FIN-FSA) Key media www.revenio.fi Revenio Group Corporation, the parent company of the Finnish conglomerate Revenio Group, is listed on the NASDAQ OMX Helsinki exchange. Revenio Group Corporation's subsidiaries share a focus on Finnish specialist expertise and export-based operations. Revenio Group comprises six independent subsidiaries, which will be consolidated into two business units from December 1, 2012. These subsidiaries are Done Logistics Oy, Done Software Solutions Oy, Icare Finland Oy, Boomeranger Boats Oy, FLS Finland Oy, and Midas Touch Oy. [HUG#1650983]
Revenio Group Corporation: REVENIO GROUP CORPORATION IS CLARIFYING ITS STRATEGY AND IMPLEMENTING A REORGANIZATION AND RESTRUCTURING
| Quelle: Revenio Group Oyj