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Lassila & Tikanoja announces change of President and CEO

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Helsinki, Finland, 2011-06-13 11:00 CEST (GLOBE NEWSWIRE) -- LASSILA & TIKANOJA PLC   Stock exchange release   13 June 2011 12.00

The Board of Directors of Lassila & Tikanoja plc has appointed Pekka Ojanpää as President and CEO of the company as of 13 December 2011, at the latest. The Board of Directors and Jari Sarjo, present President and CEO, have jointly agreed that Sarjo will leave his position as President and CEO as of today.

Pekka Ojanpää acts as President of Kemira’s Municipal & Industrial segment. He has formerly worked as President of the Kemira Performance Chemicals business area. Before that he held various executive positions at Nokia.

Ville Rantala, CFO of Lassila & Tikanoja, has been appointed as acting President and CEO as of 13 June.


Board of Directors

For additional information, please contact Heikki Bergholm, Chairman of the Board of Directors, tel. +358 500 227 193.

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 9,400 persons. Net sales in 2010 amounted to EUR 598 million. L&T is listed on NASDAQ OMX Helsinki.

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