On March 27, 2018 Olli-Pekka Vanhanen will take over as Raute’s CFO and Arja Hakala as Group Vice President, Strategy

RAUTE CORPORATION STOCK EXCHANGE RELEASE 23 MARCH 2018 at 3:30 p.m.


ON MARCH 27, 2018 OLLI-PEKKA VANHANEN WILL TAKE OVER AS RAUTE’S CFO AND ARJA HAKALA AS GROUP VICE PRESIDENT, STRATEGY  

On March 27, 2018, M.Sc. (Econ.) Olli-Pekka Vanhanen will take on the position of Raute Corporation’s Group Vice President, CFO and join the Executive Board. Raute’s current Group Vice President, CFO, M.Sc. (Econ.), MBA, Arja Hakala will take over the position of Group Vice President, Strategy. Arja Hakala will continue as a member of the Group’s Executive Board and as deputy to the President and CEO and Secretary for the Board of Directors. The appointments were announced on January 25, 2018. 

Raute Group’s Executive Board and the members’ areas of responsibility as of March 27, 2018:
Tapani Kiiski, President and CEO, Chairman - Sales
Arja Hakala, Group Vice President, Strategy - Business development  
Marko Hjelt, Group Vice President, Human Resources - Human resources and competence development
Mika Hyysti, Group Vice President, Technology - Technology, products and R&D
Timo Kangas, Group Vice President, EMEA - Market area EMEA
Antti Laulainen, Group Vice President, Technology Services and Sales Management -Technology services and sales management
Petri Strengell, Group Vice President, Supply Chain - Sourcing and production
Olli-Pekka Vanhanen, Group Vice President, Finance, CFO - Finance and administration.

RAUTE CORPORATION
Tapani Kiiski
President and CEO


FURTHER INFORMATION:
Mr. Tapani Kiiski, President and CEO, mobile +358 400 814148
Mr. Olli-Pekka Vanhanen, Group Vice President, CFO as of March 27, 2018, mobile +358 40 5057515
Ms. Arja Hakala, Group Vice President, Strategy as of March 27, 2018, mobile +358 400 710 387

DISTRIBUTION:
Nasdaq Helsinki Ltd, main media, www.raute.com

RAUTE IN BRIEF:
Raute is a technology and service company that operates worldwide. Raute’s customers are companies operating in the wood products industry that manufacture veneer, plywood, LVL (Laminated Veneer Lumber) and lumber. The technology offering covers the entire production process of veneer, plywood and LVL and special measurement equipment for lumber. As a supplier of mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Additionally, Raute’s full-service concept includes technology services ranging from spare parts deliveries to regular maintenance and equipment modernizations. Raute’s head office is located in the Nastola area of Lahti, Finland. Its other production plants are in Kajaani, Finland, the Vancouver area of Canada, in the Shanghai area of China and in Pullman, WA, USA. Raute’s net sales in 2017 were EUR 148.6 million. The Group’s headcount at the end of 2017 was 704. More information on the company can be found at www.raute.com.