SAMI HOLOPAINEN CEO OF ASPOCOMP GROUP PLC AS OF JUNE 22, 2009

Aspocomp Group Oyj   Changes management  June 5, 2009 at 09:15 am 

 

SAMI HOLOPAINEN CEO OF ASPOCOMP GROUP PLC AS OF JUNE 22, 2009

 

Sami Holopainen (37), Lic.Sc. (Tech.), has been appointed Chief Executive Officer of Aspocomp Group Oyj as of June 22, 2009. Sami Holopainen has worked at Aspocomp since 2000 as Vice President of Corporate Development, CFO and General Manager of Aspocomp (Thailand) Co., Ltd. and as of May 1, 2009 CFO of the Group. Current CEO Isto Hantila continues to serve the Group until the end of August to support his successor.

 

“Aspocomp is now in stable condition and for my part the reorganization project is over with my resignation as the last step. Under Sami’s leadership the company can be further developed to meet the challenges ahead.” CEO Isto Hantila states.

 

“Isto’s experience has helped Aspocomp through difficult times. Immediate crisis has been solved and the group organization is trimmed to fit the size of the operations. Aspocomp’s Oulu plant is very competitive, but difficult market situation and the indebtedness of the parent company will continue to be challenging.” Sami Holopainen says.

 

“I want to thank Isto for guiding Aspocomp through a difficult time period. Sami’s challenge is either to continue to develop the company or, alternatively carry out restructurings that are in the interest of our shareholders.” states Chairman Tuomo Lähdesmäki.

 

 

For further information, please contact:

 

Isto Hantila, CEO, tel. +358 50 406 0656

Sami Holopainen, CFO, tel. +358 400 487 180

Tuomo Lähdesmäki, Chairman, tel. +358 50 587 9648

 

ASPOCOMP GROUP OYJ

 

 

 

Isto Hantila

President and CEO

 

Aspocomp: Innovative interconnection solutions for the electronics industry

 

The Aspocomp Group offers and develops innovative interconnection solutions for the electronics industry in close cooperation with its customers. We are strongly positioned as a supplier of data communications equipments and industry. We offer our global customers a fast road to mass production through flexible and cost-effective adaptation of new technologies.

 

The Aspocomp Group’s production facility is located in Oulu, Finland. In 2008, the Group’s net sales stood at about EUR 21 million and it had about 113 employees at the end of March, 2009.

 

 

Distribution:

NASDAQ OMX Helsinki

Major media

www.aspocomp.com