STOCK EXCHANGE RELEASE 30 Sep 2009
Change in Pöyry's top management
PÖYRY PLC Company Announcement 30 September 2009 at 9.00 a.m.
Mr. Teuvo Salminen, Deputy to the President and CEO of Pöyry PLC, will at his own request step aside from his present position as of the beginning of 2010. At the same time, his membership in the Group Executive Committee will end. However, Teuvo Salminen has committed himself to continuing, at least until the end of 2010, as a part time advisor to ensure a smooth transition and knowledge transfer. The reassignment of his current responsibility areas will be announced in due course.
After joining Pöyry in 1985, Teuvo Salminen, M.Sc. (Econ.), CPA initially acted as the company's Chief Financial Officer, and later on he headed also the Construction and Infrastructure & Environment business groups. Since 1989 he has been a member of the Group Executive Committee, and in 1999 he was appointed Deputy to the President and CEO.
"In his various positions Teuvo Salminen has played a key role in developing Pöyry into an international company with diversified operations. During the past few years his role in our strategy process as well as in our mergers and acquisitions activities has been especially important", says Henrik Ehrnrooth, Chairman of the Board of Pöyry PLC. "We would certainly have appreciated his presence in the operational management still for many years, but after 25 years of Pöyry career I do understand and support his decision. However, Teuvo Salminen will still be available to carry out special assignments where his broad Pöyry experience and industry understanding is of great value."
As of 1 January 2010 Teuvo Salminen will gradually also take up the position as Advisor of the private equity company CapMan Plc.
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.
Board of Directors
President and CEO
Deputy to the President and CEO
Additional information by:
Heikki Malinen, President and CEO, Pöyry PLC
Tel. +358 10 33 21307
Teuvo Salminen, Deputy to the President and CEO, Pöyry PLC
Tel. +358 10 33 22872
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