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STOCK EXCHANGE RELEASE 4 Aug 2015

Pöyry PLC: Martin à Porta appointed President and CEO of Pöyry

 
PÖYRY PLC   Company Announcement 4 August 2015 at 4:00 p.m. EEST
 
Martin à Porta appointed President and CEO of Pöyry
 
The Board of Directors of Pöyry PLC has appointed Martin à Porta (M. Sc. Eng.), 44, as the new President and CEO of Pöyry PLC. He will take up the position latest on 1 February, 2016. Alexis Fries will continue as President and CEO until Martin à Porta takes up his position.
 
Martin à Porta joins Pöyry from Siemens Corporation where he is currently CEO of Siemens Building Technologies in Europe. Previously, Martin held leadership positions at Siemens spanning European, Asian, Middle Eastern and Latin American countries. Martin started his career at Electrowatt Engineering, acquired by Pöyry in 1997. His CV is available on Pöyry's website at www.poyry.com.
 
"Martin has a strong track record of leadership in professional organisations. He was selected especially due to his high level of energy and strong teamworking skills", says Henrik Ehrnrooth Chairman of the Board of Directors of Pöyry PLC.
 
"I am excited to be rejoining Pöyry. It is an honour to lead the company", says Martin à Porta. "Managing a knowledge organisation is challenging but very rewarding. Our society, markets and clients require ever more environmentally-friendly, cost efficient products and processes; our urban living environment is getting more dense and needs a compact, efficient as well as sustainable infrastructure. The demand for these future products and new forms of energy production will continue and many customers expect it to be based on renewable raw materials and sources. Furthermore, future 'smart infrastructure' is designed for economic recycling of materials and energy. Pöyry's know-how is uniquely relevant to address these new demands. It is our vision to work in even closer collaboration with our clients, developing new concepts that will address these future challenges. It is a privilege to rejoin Pöyry and to continue to build a new future based upon Pöyry's unique knowledge and strong corporate culture."
 
Alexis Fries has served Pöyry as a Member of the Board of Directors since 2008. He was appointed President and CEO in September 2012 to restructure and reposition the company. Having successfully completed his assignment, Alexis will continue as a member of the Board of Directors.
 
"I want to take this opportunity to thank Alexis Fries for his dedication and commitment to Pöyry during the past three years," says Henrik Ehrnrooth. "He has done an excellent job. While the company was facing various challenges in a difficult business environment, Alexis has refocused the company and established a solid foundation from which to continue."  
 
"Over the past years we have introduced many changes and improvements", says Alexis Fries. "Today, Pöyry is back on track and looks to the future with confidence. I would like to warmly thank all my colleagues for their support in accomplishing this task. I look forward to continuing to contribute to the company's development and will support Martin during the transition. I am confident that Martin will continue to move the company to the next level."
 
"We are confident that Pöyry is in good hands and succeeds under Martin's leadership", comments Henrik Ehrnrooth.
 
PÖYRY PLC
Board of Directors
 
Additional information:
Henrik Ehrnrooth, Chairman of the Board of Directors, Pöyry PLC
Tel. +358 10 33 22629
 
Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and provide local services in our core markets. We deliver management consulting 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 2014 were EUR 571 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).
 
DISTRIBUTION:
NASDAQ OMX Helsinki
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