Pöyry PLC : Pöyry further streamlines its business operations and introduces changes to its Group Executive Committee

Pöyry further streamlines its business operations and introduces changes to its Group Executive Committee

PÖYRY PLC          Company Announcement 19 August 2014 at 08:00 am

Pöyry continues to streamline its business operations and adjusts its management structure with a view to improving efficiency.

Alexis Fries, President and CEO will act as Chairman of Pöyry's Regional Operations.

Marcelo Cordaro, 51, BSc, MSc and DSc in Electrical Engineering, currently President of Pöyry's operations in Brazil is additionally appointed as President Regional Operations Latin America and member of the Group Executive Committee reporting to the President and CEO. Marcelo Cordaro joined the Pöyry Group in 2008. Before that he was the Marketing and Supply Chain Director at Braskem S.A. (2005-2008) and held several positions as a management consultant for Booz Allen Hamilton (2004-2005) and McKinsey & Company (1996-2004).

Nicholas Oksanen, 47, MSc in Engineering (Paper Technology and Economics), currently President of Pöyry's Pulp and Paper Business Unit is additionally appointed as President Industry Business Group and member of the Group Executive Committee reporting to the President and CEO. Nicholas Oksanen joined the Pöyry Group in 1993 and has held several management positions in the Industry Business Group.

Richard Pinnock, currently Executive Vice President Group Strategic Growth is appointed Executive Vice President Global Sales and Project Management with the responsibility for strengthening the Group's global sales and project management. He will also continue to develop the Group's Large Projects Competence Centre. The Project Management Services Business Unit, currently part of the Industry Business Group, will be integrated under the Global Sales and Project Management Function. Richard Pinnock continues as a member of the Group Executive Committee reporting to the President and CEO.

Pasi Tolppanen, President Regional Operations Northern Europe, President of Pöyry's operations in Finland and member of the Group Executive Committee, and Marcelo Cordaro are both appointed as Vice Chairmen Regional Operations supporting the President and CEO in promoting the regional business model, successfully implemented in Northern Europe, to other Key Countries of Pöyry.

The Regional Operations Alpine Arc and Central Europe will be combined into one region, Central Europe, which includes three of Pöyry's Key Countries:  Germany, Switzerland and Austria. The respective Country Presidents will report directly to Alexis Fries, President and CEO and Chairman Regional Operations.

The Mining and Metals Business Unit, currently part of the Industry Business Group, will be integrated into the Regional Operations Northern Europe.

The Regional Operations Asia Pacific comprising of local operations in China and Thailand will be integrated into the Energy Business Group.

The changes will be effective immediately.

Martin Bachmann, Chairman Regional Operations and President Regional Operations Alpine Arc and Asia-Pacific, and Martin Kuzaj, President Regional Operations Central Europe, President Regional Operations Latin America and President Industry Business Group will leave the Pöyry Group. We would like to thank them both for their valuable contributions to the Pöyry Group and wish them all the best for the future.

Additional information:
Alexis Fries, President & CEO, Pöyry PLC
Tel. +41 44 355 5525

Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and locally in our core markets. We deliver strategic advisory and engineering services, underpinned by strong project implementation capability and expertise. Our focus sectors are power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation and water. Pöyry has an extensive local office network employing about 6,000 experts. Pöyry's net sales in 2013 were EUR 650 million and the company's shares are quoted on Nasdaq OMX Helsinki (Pöyry PLC: POY1V).

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