Incap implements a new management structure

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.