Incap Corporation: Changes in the organisation of Incap Group

Incap Corporation     Stock Exchange Release

9 February 2012 at 9 a.m.

CHANGES IN THE ORGANISATION OF INCAP GROUP

Mr Jari Koppelo will take over the responsibility of Incap Group’s both business units – Energy efficiency and Well-being solutions – as from 1 March 2012. He has previously served as head of Energy efficiency both in Europe and in Asia. In his role as the director of business units he is responsible for all customer relationships, customer-specific profitability and sales of the Group’s services. Each customer has a designated key account manager, and all of them are now reporting to Jari Koppelo. Koppelo has joined Incap in 2008 and is a member of the Group’s management team.

Mr Sami Kyllönen has been appointed Director, Operations Europe with responsibility for Incap Group’s production in Europe. He is also nominated a member of Group’s management team. Sami Kyllönen has previously, since 2007, worked as Manager, Operations services of Incap. Incap has today manufacturing in Europe in Helsinki, Vaasa and Kuressaare. Sami Kyllönen is located in Kuressaare.

Mr Mikko Hirvinen, who has previously been responsible for the European operations, has been appointed Director, Special projects. As a first project he is managing the production transfer from Helsinki factory to other plants of the company, which is planned to take place by autumn 2012. Mikko Hirvinen is located in Tallinn and he continues to act as a member of the Group’s management team.

Mr Marko Tapaninaho is nominated Manager, Engineering services and will as from 1 March 2012 take the responsibility of the Group’s services supporting the production, i.e. project management in New Product Introduction (NPI) and documentation management in Product Life-cycle Management (PLM). Marko Tapaninaho has been with Incap since November 2011 and he continues to be in charge of the Group’s product and test design services, which have currently activities in India and in Finland. Marko Tapaninaho is a member of the Incap’s Extended management team.

INCAP CORPORATION

Sami Mykkänen
President and CEO

Further information:
Sami Mykkänen, President and CEO, tel. +358 40 559 9047
Hannele Pöllä, Director, Communications and Investor Relations, tel. +358 40 504 8296

DISTRIBUTION
NASDAQ OMX Helsinki Ltd.
Principal media
The company’s home page 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 2010 amounted to EUR 59.2 million, and the company currently employs approximately 730 people. Incap’s share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi.