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STOCK EXCHANGE RELEASE 1 Feb 2010

Appointments in Pöyry's Group Executive Committee

PÖYRY PLC          Company Announcement, 1 February 2010 at 9.40 a.m.

 

Pöyry has today appointed two new members to its Group Executive Committee. Dr. Norbert Gorny, 46, has been appointed Executive Vice President of Pöyry PLC and President of the Management Consulting business group. Martin Bachmann, 42, has been appointed Executive Vice President of Pöyry PLC and President of the Water & Environment business group. They both report to Heikki Malinen, President and CEO of Pöyry PLC.

 

Dr. Norbert Gorny holds a PhD in Microbiology. He comes with an excellent mix of industry background from Carl Zeiss Group and before that management consulting experience from McKinsey.

 

"Most recently, Pöyry has launched a convincing vision to maximize customer value and thereby to unlock the company's full economic potential. I am excited to join this vital organization and to move the company forward together with my colleagues", says Norbert Gorny.

 

Martin Bachmann holds a M.Sc. Civil Engineering. He is currently Business Area President in the Urban and Mobility business group and has broad international experience from almost 20 countries. He has also built an extensive global network both within Pöyry and the industry. He joined Pöyry with the acquisition of Electrowatt Engineering, where his career started in 1994.

 

"I am very excited to take up this new opportunity and look forward to broadening my exposure into new business segments of Pöyry. I look forward to working with the team in building the water and environment segment to an even more critical area of the Pöyry portfolio", says Martin Bachmann.

 

Heikki Malinen, President and CEO, Pöyry PLC:

 

"When we launched our new vision we stated that accelerated growth and development of our management consulting business is a critical part of Pöyry's future, and that growth of the Water and Environment business group is at the core of Pöyry's new vision to become the thought leader in engineering balanced sustainability. It was hence very important that we were able to fill the gap in our management team so quickly and I am pleased to announce the appointments of today.

 

Dr. Gorny brings to Pöyry's management consulting a broad experience base through his successful career in management consulting with McKinsey and extensive general management experience from a hightech business with Carl Zeiss. During his career Norbert has focused on growing businesses in a knowledge and research intensive environment and leading change in a diverse, international setting.

 

During his long and successful career with Pöyry, Martin Bachmann has developed businesses, managed teams and steered business units Europe, South America, Asia and the United States. Martin's deep and comprehensive understanding of the engineering sector and public clients allows for a smooth transition from transportation into his new role."

 

Both positions have global responsibilities. Dr. Norbert Gorny will be based in Germany and Martin Bachmann in Switzerland. They will both take over the duties with immediate effect as of February 1, 2010.

 

PÖYRY PLC

 

Additional information by:

Heikki Malinen, President and CEO, Pöyry PLC

Tel. +358 10 33 21307

Camilla Grönholm, Executive Vice President, HR, Pöyry PLC

Tel. +358 10 33 22153

 

Pöyry is a global expert in consulting and engineering. We offer our clients in-depth industry expertise, innovative solutions and lifecycle engagement. Our knowledge extends across hydropower, oil and gas, power and heat, renewable energy, pulp and paper industry, chemical process industry, transportation, water and environment, and construction services. We have about 7000 experts in 49 countries.

 

DISTRIBUTION:

NASDAQ OMX Helsinki

Major media

www.poyry.com