Stock Exchange Release 20 September 2013 at 11.20 am
INCAP APPOINTS NEW CEO
Incap Group's President and CEO Sami Mykkänen is leaving his post as CEO. As from 20 September 2013 Fredrik Berghel (M.Sc., born 1967) is appointed the Group's acting President and CEO. Berghel is one of the shareholders of Inission AB and was appointed to a member of the Board of Directors of Incap on 21 August 2013. Berghel has long experience in different technology companies and he is today acting as the CEO of Inission AB.
Mykkänen will continue in the company for the present in other duties. Mykkänen joined Incap in 2007 as the Director of Manufacturing services, and he was appointed President and CEO in June 2008.
Incap Group has experienced a remarkable strategic change during the past few years. The company has transformed from a Finland-oriented subcontractor focusing on the PCB assembly to a producer of product entities operating in partnership with global equipment suppliers in Europe and in Asia.
Lassi Noponen, Chairman of the Board of Incap Corporation: "I wish to thank Sami for his considerable effort in implementing the strategic change of the company. The task has been challenging and required endurance and persistence. Now when the structural change is completed Incap has moved on to a new stage, where our main focus is on the basic business and its turn to profitability."
Board of Directors
Lassi Noponen, Chairman of the Board of Directors, tel. +358 40 501 5127
NASDAQ OMX Helsinki Ltd
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 andChina. The Group's revenue in 2012 amounted to EUR 64.1 million and the company currently employs approximately 600 people. Incap's share is listed on the NASDAQ OMX Helsinki since 1997. Additional information: www.incap.fi.
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Incap Oyj via Thomson Reuters ONE