Paroc Group announces a change in the management team

15 Jan 2016

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”).

The Issuer hereby gives notice that there has been a change in the group management team. Johan Magnusson, B.Sc (Engineering), M.Sc (Bus. Adm.), 52, has been appointed Senior Vice President, Technical Insulation business unit as of March 1, 2016. He reports to Kari Lehtinen, Group CEO and is a member of Paroc Group Management Team.

Johan Magnusson has extensive experience in international sales, key account management and business development on various senior management positions in industrial companies. Johan Magnusson joins Paroc from Assa Abloy Entrance System AB where he recently served as President and head of a business area. Earlier, he held different leadership positions in Rautaruukki.  "Johan brings to Paroc his considerable experience in customer oriented operations management as well as valuable new perspectives deriving from his long service in innovation-focused organizations ", says Kari Lehtinen.

Kari Lehtinen, CEO