PÖYRY PLC Company Announcement 13 June 2012 at 8.30 a.m.
The Board of Directors of Pöyry PLC has appointed Alexis Fries (57) new President and CEO of Pöyry. Alexis Fries will take up the position during the autumn 2012 and will be primarily based in Zurich, Switzerland, with an office also at Pöyry House, Vantaa, Finland.
Alexis Fries holds a Diploma in Physics from The Swiss Federal Institute of Technology of Zurich. He is currently CEO of EOS Holding SA in Switzerland, a company active in the energy sector. He has been a member of the Board of Directors of Pöyry PLC since 2008 and continues in this role. The CV of Alexis Fries is available on Pöyry's website at www.poyry.com.
Heikki Malinen has left his position as President and CEO on 13 June 2012. The Chairman of the Board of Directors, Henrik Ehrnrooth will act as interim President and CEO starting today until Alexis Fries takes over the position. Heikki Malinen will support Henrik Ehrnrooth and Alexis Fries to ensure a smooth handover until end of November 2012.
"I want to take this opportunity to thank Heikki Malinen for his dedication and commitment to Pöyry during the past four years," says Henrik Ehrnrooth, Chairman of the Board of Directors of Pöyry PLC. "Despite the challenging business environment, Heikki Malinen has been driving the development of the company forward in many critical areas. I wish him all the best for his future career."
Board of Directors
Henrik Ehrnrooth, Chairman of the Board of Directors and President and CEO, Pöyry PLC
Tel. +358 10 33 22211
Pöyry is a global consulting and engineering company dedicated to balanced sustainability and responsible business. With quality and integrity at our core, we deliver best-in-class management consulting, total solutions, and design and supervision. Our in-depth expertise extends to the fields of energy, industry, transportation, water, environment and real estate. Pöyry has about 7,000 experts and a local office network in about 50 countries. Pöyry's net sales in 2011 were EUR 796 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).
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Source: Pöyry Oyj via Thomson Reuters ONE