Stock Exchange Release 26 August 2015 at 3.15 pm (EET)
INCAP CONTINUES DEVELOPING ITS CORPORATE FUNCTIONS
Incap continues with the renewal of its operational model and is outsourcing its Finance & Administration to cooperating partners. The management of finance and administration will be in the responsibility of Ms Kaisa Kokkonen (M.Sc. Econ., HTM-auditor) at Akeba Oy and as the financial department will act Tilistar Oy. The new operational model of Finance & Administration will be implemented as from 1 September 2015.
Kirsti Parvi, who has been acting as CFO of Incap Group as from 2011, is turning to new tasks outside the company. President and CEO Ville Vuori: "I wish to thank Kirsti Parvi for her persistent work both during the challenging period of the company and now after the financial position of the company was improved. We have during the last few years implemented a significant structural change, and Kirsti has had there an important role. I wish her all the best in her future challenges."
Besides renewing the Finance & Administration, Incap is strengthening its key functions further and has started searching a managing director for the Estonian operations. The Group's factories in Estonia and India are operating as independent profit centers, which are responsible besides the actual order-delivery process also for quotations and pricing. The Group's new management team will consist of the CEO of the Group and the managing directors of the operations in Estonia and India.
Ville Vuori, President and CEO of Incap Group, tel. +358 400 369 438
NASDAQ OMX Helsinki Ltd
The company's home page www.incapcorp.com
INCAP IN BRIEF
Incap Corporation is an international contract manufacturer whose comprehensive services cover the entire life-cycle of electromechanical products from design and sourcing to actual manufacture and further to maintenance services. Incap's customers are leading suppliers of high-technology equipment in their own business segments, and Incap increases their competitiveness as a strategic partner. Incap has operations in Finland, Estonia, India and China. The company currently employs approximately 400 people. Incap's share is listed on the NASDAQ OMX Helsinki Ltd. since 1997. Additional information: www.incapcorp.com.
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Source: Incap Oyj via Globenewswire