Alma Media Corporation Stock Exchange Release November 29, 2011 at 14:30 (EET)
KARI JUUTILAINEN AND MINNA NISSINEN APPOINTED AS HEADS FOR ALMA MEDIA'S NEW BUSINESS UNITS
Alma Media announced on 1st November 2011 its plan to renew its organization by establishing two new business units, one to focus on digital business and the other to combine existing regional, local and city newspaper businesses.
Following persons have been appointed to lead these new business units:
Mr Kari Juutilainen, 55, has been appointed as the head of the new newspaper business unit and as member of Alma Media's Group Executive Team. He is currently the head of Alma Media's local newspaper business unit Suomen Paikallissanomat Oy.
Ms Minna Nissinen, 43, has been appointed as the head of Alma Media's new digital business unit. She is currently working as the head of Alma Media's Corporate Development and as a member of Alma Media's Group Executive Team.
Mr Juutilainen and Ms Nissinen will start in their new roles as of the beginning of 2012. The planning for operational activity begins immediately.
"By changing the operational model Alma Media is increasing its investments in the development of the digital services while at the same time improves operational efficiencies and quality in its publishing business. By these key appointments we can now truly start the execution of this plan", says Kai Telanne, President and CEO of Alma Media.
By establishing a new development and service unit that focuses on digital business, Alma Media aims at increasing resources on a strategically important growth area.
The business unit combining the Group's regional, local and city newspapers would comprise the businesses of the present Aamulehti, Satakunnan Kirjateollisuus, Suomen Paikallissanomat and Pohjois-Suomen Media units.
Alma Media Corporation
Vice President, Corporate Communications and Investor Relations
For further information, please contact:
Kai Telanne, President and CEO, tel. +358 10665 3500
Kari Juutilainen, tel. +358 50 435 4159
Minna Nissinen, tel. +358 40 766 6726.
Distribution: NASDAQ OMX Helsinki Stock Exchange, principal media
Alma Media in brief
Alma Media is a dynamic media company whose best-known products are Aamulehti, Iltalehti, Kauppalehti and Etuovi.com. Alma Media employs approximately 2,800 professionals. The company's net sales in 2010 totalled MEUR 311.4 with an operating margin of 13.9 per cent. Alma Media's share (ALN1V) is listed in the NASDAQ OMX Helsinki Exchange. Read more at www.almamedia.fi