JUHO LIPSANEN TO BECOME PRESIDENT AND CEO OF ALMA MEDIA

ALMA MEDIA CORP. STOCK EXCH. RELEASE 17.01. 2002 AT 5.00 PM JUHO LIPSANEN TO BECOME PRESIDENT AND CEO OF ALMA MEDIA MBA Juho Lipsanen,(40) has been appointed President and CEO of Alma Media Corporation as from 1 March, 2002. He will leave his current job as president of the global New Ventures Unit at ABB Group to take up this position. The Board of Alma Media Corporation has appointed Juho Lipsanen (40) as President and CEO of Alma Media Corporation. Juho Lipsanen will move from his current position as president of the global New Ventures unit at the ABB Group. ABB New Ventures has an investment frame of one billion US dollars to speed up the commerciallization of ABB's Industrial IT & New Energy business activities. Juho Lipsanen has worked for ABB Group in different positions since 1988, initially in Finland and since 1994 in Switzerland. Before taking up his current position in ABB, he was chief financial officer at the Automation Segment which was the biggest ABB unit. Automation Segment had operations in 250 companies in eight business areas. It had net sales of USD 8 billion and employed above 50 000 people. "I look very much forward to joining Alma Media and moving back to Finland with my familyö, says Juho Lipsanen. "Alma Media provides a creative and dynamic environment with rapid technical development. It has a whole range of well established brand names and very strong market positionsö. "We are extremely pleased to welcome Juho Lipsanen to Alma Media. He is an experienced business leader with an impressive record in a highly professional and international environment," says Bengt Braun, Chairman of the Board of Alma Media Corporation. For further information: Bengt Braun, Chairman of the Board, Alma Media Corporation tel. +46 8 736 4015 Ahti Martikainen, VP, Alma Media Corporation tel. +358 9 507 8514 http://www.almamedia.fi/eng/investor/3admin/group http://www.almamedia.fi/eng/pressservice/photoarchive/photoboard ALMA MEDIA CORPORATION Ahti Martikainen Vice President, Corporate Communications and Investor Relations Distribution: HEX Helsinki Exchanges, Main media
  • Date: 17.1.2002, 08:00
  • News type: Stock exchange release

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