CFO Erno Hildén Leaves Finnair

Regulatory News:

Finnair Plc (HEX:FIA1S)

Erno Hildén, Finnair’s Chief Financial Officer and member of the company’s Executive Board, will leave the company on 30 April 2015. Hildén has made a long career in different leadership roles at Finnair. He has served the company since 1997 and been a member of the Executive Board since 2009. Mika Stirkkinen, Vice President, Finance, will act as temporary CFO as of March 1, 2015.

"Erno Hildén has had a great career in Finnair and he has had a key role in the successful execution of the 200 million euro savings program we have gone through in recent years. Without the strong contribution of the CFO and the Finance organization we would not have been able to define and execute the savings that were crucial to stabilize and further develop the company,” emphasizes Pekka Vauramo, Finnair CEO. "In addition, during the last year Erno has been in charge of the negotiations related to the fleet renewal project, which will enable the future growth of the company. During his CFO years he also brought modern structural and process thinking to the F&C function. I wish Erno success in the next phase of his career and thank him warmly for the dedicated work he has done for Finnair.”

"After 18 Finnair years I will now head toward new challenges,” says Erno Hildén. "Successfully completed savings programs and the completion of the key agreements related to the fleet renewal offer a natural point to move forward in my career. Aviation is an extremely interesting and fast-changing industry. During my Finnair years I have gained valuable experience with demanding financial and financing arrangements against a backdrop of continuous change. I will continue to follow Finnair with interest and I trust that the company will continue to make determined progress toward an improved financial performance in the coming years. We have now managed to leave behind the heavy phase of the restructuring and cost savings programs. The company emphasis is now on improving profitability by executing its commercial strategy and looking for new revenue streams, thus this is a good moment for me to change duties. I warmly thank all Finnair colleagues for their cooperation.

Finnair will now start the recruitment process for a new CFO and it will announce Hildén's successor in the coming months.

Distribution:

Nasdaq Helsinki

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