Change in Cramo Group management team

Cramo Plc        Stock Exchange Release 6 June, 2018 at 11.00 am (EET)

Change in Cramo Group management team

Mr Dirk Schlitzkus, Executive Vice President, Central Europe and member of the Cramo Group management team will leave the company with immediate effect. Mr Hartwig Finger, currently President Continental Europe at Dwyer Group, will take over as interim until a permanent replacement is found.

Prior to joining Cramo, Mr Hartwig Finger spent his career in the construction industry. In addition to leading positions within the Dwyer Group and Imtech, Mr Finger has served as CEO of Polygon Germany, the market leader in property damage restoration, where he was responsible for the strategic direction, changing corporate culture and growth. Mr Finger graduated from the University of Maryland with a MBA.

"Mr Finger has a solid and proven track record from leading and developing business in Central Europe and important experience from the service sector. Continuing our growth in Central Europe based on our Shape and Share strategy is an essential part of Cramo strategy”, says Mr Leif Gustafsson, President and CEO of Cramo Group.

Mr Dirk Schlitzkus has been employed by Cramo since 2011 and has been a member of the Group management team since 2013. Most recently, Mr Schlitzkus held the position as Executive Vice President, Central Europe.

"Dirk Schlitzkus has played a central role in establishing and developing Cramo in Central Europe. He leaves a solid platform from where we can continue developing our growth strategy in the future. We thank him for his contributions to the Group and wish him the best of luck in his future career”, says Mr Leif Gustafsson.

CRAMO PLC

Leif Gustafsson
President and CEO

Further information:

Mr Leif Gustafsson, President and CEO, tel: +358 10 661 10
Mr Mattias Rådström, SVP, Communications, Marketing and Investor Relations, tel: +46 70 868 7045

Distribution:

Nasdaq Helsinki Ltd.
Major media
www.cramogroup.com

Cramo is Europe’s second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in about 300 depots in fourteen countries. With a group staff around 2,500, Cramo's consolidated sales in 2017 was EUR 729.5 million. Cramo shares are listed on Nasdaq Helsinki Ltd.

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