LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 19 SEPTEMBER 2012 AT 17:00 P.M
Jukka Terhonen, Executive Vice President of Building Construction and a member of the Executive Board of Lemminkäinen Group, will retire on 31 January 2013, as agreed. Casimir Lindholm, M.Sc. (Econ.), MBA, has been appointed as his successor effective 1 January 2013. He will also become a member of the Group's Executive Board. Lindholm is currently employed by Eltel Networks as President Fixed Telecom and CEO of Eltel Networks Sweden.
"At Lemminkäinen, we have wide-ranging expertise in building construction, which now will be strengthened by Casimir's experience in management and business development. With his experience from the Nordic markets, Casimir will be a valuable addition to the Executive Board," says President and CEO Timo Kohtamäki. "Jukka Terhonen has had a long and successful career with Lemminkäinen and in the field of Finnish building construction – I understand his decision to retire at this time. I would like to thank him for his years with us and hope that he will continue to contribute to Lemminkäinen's development in the role of an active shareholder."
Lindholm (b. 1971) has been in Eltel Networks' employ since 2008. Before that he worked for companies such as Telenor and Andersen Business Consulting.
Terhonen (b. 1954) joined Lemminkäinen in 2001 and he has served as the head of the business segment and a member of the Executive Board since 2009.
President and CEO Timo Kohtamäki
Tel. +358 2071 53263
NASDAQ OMX Helsinki
Lemminkäinen Group operates in all areas of the construction sector. The Group's operations are organised into four business segments: building construction, infrastructure construction, technical building services and international operations. Net sales in 2011 were about EUR 2.3 billion, of which international operations accounted for roughly a third. The Group employs 8,400 people on average. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com