Incap implements a new management structure

Incap implements a new management structure

ID: 320036

(Thomson Reuters ONE) -




Incap Corporation
Stock Exchange Release   25 November 2013 at  4.05 p.m. (EET)

INCAP IMPLEMENTS A NEW MANAGEMENT STRUCTURE

As a part of its turnaround program Incap Corporation's Board of Directors has
today confirmed the Group's new management structure. The factories gain an
increased role in the very core of the business having full responsibility for
plant-specific sales, sourcing, financial controlling and quality. At the same
time, functions in corporate level are downsized to a minimum.

The role of unit managers is emphasized in the new structure. Mr Murthy
Munipalli will continue to act as the head of the Tumkur factory and the
operations in India. Mrs Siret Kegel, who has previously acted as Quality
Director of the Group, takes now full responsibility for the Kuressaare factory.
Mr Vesa Tammela continues as the head of the Vaasa factory.

In the corporate level, Ms Kirsti Parvi continues to act as the CFO, Mrs Susanna
Pyykkö as the HR Manager and Mr Priit Kadastik as the IT Manager.

The Group's management team includes besides the persons mentioned above, also
the Group's CEO Fredrik Berghel, who is the chairman of the management team.

Fredrik Berghel, President and CEO, and Kirsti Parvi, CFO, are Incap's
spokespersons, who are entitled to issue statements on behalf of both Incap
Corporation and its subsidiaries.


INCAP CORPORATION

Fredrik Berghel
President and CEO

Additional information:
Fredrik Berghel, tel. +46 73 202 2210
Kirsti Parvi, tel. +358 50 517 4569

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
www.incap.fi

INCAP IN BRIEF
Incap Corporation is an internationally operating contract manufacturer whose
comprehensive services cover the entire life-cycle of electromechanical products




from design and manufacture to maintenance services. Incap's customers include
leading equipment suppliers in energy-efficiency and well-being technologies,
for which the company produces competitiveness as a strategic partner. Incap has
operations in Finland, Estonia, India and China. The Group's revenue in 2012
amounted to EUR 64.1 million, and the company currently employs approximately
570 people. Incap's share is listed on the NASDAQ OMX Helsinki. Additional
information: www.incap.fi.




This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Incap Oyj via GlobeNewswire
[HUG#1745527]




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Bereitgestellt von Benutzer: hugin
Datum: 25.11.2013 - 15:05 Uhr
Sprache: Deutsch
News-ID 320036
Anzahl Zeichen: 3115

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Helsinki



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Business News



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