CapMan Stock Exchange Release – 8 February 2013 at 8.35 a.m. EET
CapMan Plc changes its CEO
As part of CapMan’s development programme, the company’s Board of Directors has decided to search for a replacement for its CEO. Lennart Simonsen will resign from his position as of 8 February 2013 and the company’s CFO Niko Haavisto has been appointed Interim CEO.
“CapMan aims to transition to the next growth phase. Thanks to Lennart, our business model developed and the entrepreneurial investment partnerships responsible for investment activities took central positions. The model enables us to flexibly add new product areas. We have commenced the executive search process and the profile of the new CEO should support the execution of this strategy,” says Heikki Westerlund, CapMan’s Chairman of the Board.
“We thank Lennart for his contributions to CapMan’s development. In the past three years he has completed many important projects relevant for our future success and developed a foundation for growth for years to come,” Westerlund continues.
For more information, please contact:
Heikki Westerlund, Chairman of the Board, CapMan Plc, tel. +358 207 207 504 or +358 50 559 6580
Niko Haavisto, CFO and Interim CEO, CapMan Plc, tel. +358 207 207 583 or +358 50 465 4125
CAPMAN PLC
Board of Directors
DISTRIBUTION
NASDAQ OMX Helsinki
Principal media
www.capman.com
CapMan www.capman.com
CapMan Group is one of the leading private equity firms in the Nordic countries and Russia, with assets under management of 3.1 billion. CapMan has five key investment partnerships – CapMan Buyout, CapMan Russia, CapMan Credit, CapMan Public Market, and CapMan Real Estate – each of which has its own dedicated investment team and funds. Altogether, CapMan employs 110 people in Helsinki, Stockholm, Oslo, Moscow and Luxembourg. CapMan was established in 1989 and has been listed on the Helsinki Stock Exchange since 2001.
