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Change in Lassila & Tikanoja's management

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Helsinki, Finland, 2011-03-22 08:00 CET (GLOBE NEWSWIRE) -- Lassila & Tikanoja plc   Stock exchange release   22 March 2011 9.00 am

M.Sc. (Econ.) Ville Rantala has been appointed as Managing Director of L&T Biowatti Oy and Vice President, Renewable Energy Sources division, as of 22 March 2011. Rantala will also continue as CFO of Lassila & Tikanoja plc. He will report to Jari Sarjo, President and CEO.

Tomi Salo, Managing Director of L&T Biowatti, will not continue in the company.

As of 22 March 2011, the members of the Group Executive Board are:

- Jari Sarjo, President and CEO
- Jorma Mikkonen, Vice President, Environmental Services
- Inkeri Puputti, HR Director
- Ville Rantala, CFO, Vice President, Renewable Energy Sources
- Juha Simola, Vice President, Property Maintenance
- Henri Turunen, Vice President, Cleaning and Office Support Services


Jari Sarjo
President and CEO

For additional information, please contact Ville Rantala, CFO, tel. +358 50 385 1442.

Lassila & Tikanoja specialises in environmental management and property and plant support services and is a leading supplier of wood-based biofuels, recovered fuels and recycled raw materials. With operations in Finland, Sweden, Latvia and Russia, L&T employs 8,700 persons. Net sales in 2010 amounted to EUR 598 million. L&T is listed on NASDAQ OMX Helsinki.

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