EFORE PLC Stock Exchange Release April 29, 2019 at 8:45 a.m.
Changes in Efore management
Efore Group (“Efore”) management team member Heikki Viika will leave his position in the group. Efore and Heikki Viika have come to an agreement that Viika will leave the position by 26.10.2019. Viika has served as the CEO in Powernet International Ltd (“Powernet”) from 23.6.2017 and as the EVP for Efore Digital Power Systems business line and member of the management team from 1.1.2019.
Starting from 29.4.2019 the duties of the Powernet CEO will be carried out by Efore President and CEO Vesa Leino. For the time being and starting from today, he will also take the leadership in Digital Power Systems business line.
“I and the Powernet Board of Directors want to thank Heikki Viika for the work he has done for the company and wish him success in future endeavours”, Vesa Leino says.
EFORE PLC
Vesa Leino
President and CEO
For further information please contact Vesa Leino, President and CEO, tel. +358 40 759 8956.
DISTRIBUTION
Nasdaq Helsinki Oy
Principal media
Efore Group
Efore is an international Group which develops and produces demanding power products. Efore's head office is based in Finland and its sales, marketing and R&D functions are located in Europe and China. The Group also has a sales and marketing unit in the United States. In the financial year ended on December 2018, consolidated net sales totalled EUR 52.4 million and the Group's personnel averaged 406. The parent company's share is quoted on the Nasdaq Helsinki Ltd. www.efore.com