Paroc Group announces a change in the board of directors

23 Mar 2015
Reference is made to the 6.250% Senior Secured Notes due 2020 and Floating Rate Senior Secured Notes due 2020 issued by Paroc Group Oy (the “Issuer”).

Following the acquisition of the entire issued share capital of Safari Finco 1 Oy, the direct parent of the Issuer, by funds managed or advised by CVC Capital Partners Limited, the board of directors of the Issuer has been replaced with the following individuals:

  • Jukka Hienonen (Chairman);
  • Peter Törnquist (Deputy Chairman);
  • Magnus Agervald;
  • Gustaf Martin-Löf;
  • Søren Vestergaard-Poulsen; and
  • Kari Lehtinen.

The appointment of the above directors was effective as of 18 March 2015.

In addition, Augusto Lippi is expected to be appointed to the board of directors of the Issuer on or about March 26, 2015. 

For further information please contact:
Joakim Flinck, Director Group Finance and Head of Investor Relations
Tel: +358 40 556 4757 or email: