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Appointments in Incap India

Incap Corporation               Stock Exchange Release  

2 December 2010 at 12:30 p.m.





As Jarmo Kolehmainen, Managing Director of the Indian operations and a member of the Group Management Team, is leaving Incap Corporation to accept new duties in another company, the following appointments will take place in Incap's Indian operations as from 1 January 2011.


Mr K.R. Vasantha has been appointed Managing Director of Incap Contract Manufacturing Services Pvt. Ltd. Mr Vasantha has previously been in charge of Incap's Indian manufacturing operations and the Tumkur factory. Mr Vasantha is reporting to Sami Mykkänen, President and CEO of Incap Group.


Mr Murthy Munipalli has been appointed Director, Energy Efficiency Asia. He has previously been in charge of the sales and marketing of the services provided by the Indian operations. Mr Murthy reports to Mr Jari Koppelo. Mr Murthy continues to manage the design and project management activities in India.


Mr Jari Koppelo, who today is in charge of the Business Unit Energy Efficiency Europe, will as from 1 January 2011 be responsible also for Energy Efficiency Asia.


Ms Kirsti Parvi continues acting as Financial director and Controller of the Indian subsidiary and she is reporting to Eeva Vaajoensuu, CFO of the Group.


K.R. Vasantha and Murthy Munipalli will be members of the extended management team of the Group.


Mr Sami Mykkänen, Incap Group's President and CEO: "I am pleased to thank Jarmo for his distinguished contribution in consolidating and developing Incap's operations in India and wish him every success in his future duties. At the same time I am delighted by the fact that we were able to accomplish the organisation with our own team members. I welcome Mr Vasantha and Mr Murthy with pleasure to their new duties and wish them every success."





Further information:
Sami Mykkänen, President and CEO, Tel. +358 40 559 9047
Eeva Vaajoensuu, CFO, Tel. +358 40 763 6570
Hannele Pöllä, Director, Communications and HR, Tel. +358 40 504 8296


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Incap Corporation is an internationally operating contract manufacturer whose comprehensive services cover the entire lifecycle of electromechanical products from design and manufacture to maintenance services. Incap's customers are leading equipment suppliers in energy-efficiency and well-being technology, for which the company produces competitiveness as a strategic partner. Incap has operations in Finland, Estonia and India. The Group's revenue in 2009 amounted to around EUR 70 million, and the company currently employs approximately 800 people. Incap's shares are listed on the NASDAQ OMX Helsinki. For additional information, please contact

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