ALMA MEDIA CORP. STOCK EXCH. RELEASE 20.11.2001 AT 11.00 AM HANNU OLKINUORA TO BECOME PRESIDENT OF ALPRESS OY Hannu Olkinuora has been appointed president of Alpress Oy, Alma Media's newspaper publishing division, and a member of the Group Executive Board of Alma Media Corporation as from 1 March 2002. Olkinuora will leave his present job as editor-in-chief of Svenska Dagbladet to take up the position. The current president of Alpress Oy, Heikki Saraste, is leaving Alma Media at his own request. The Alpress, which manages Alma Media Corporation's newspaper publishing division, is getting a new president. Heikki Saraste is leaving the company and Hannu Olkinuora (51), MA, has been appointed president of Alpress Oy and a member of the Group Executive Board of Alma Media Corporation. Olkinuora will leave his job as editor-in-chief of Sweden's second largest daily newspaper, Svenska Dagbladet, to take up the position. Olkinuora has previously been an executive editor-in-chief of Aamulehti and an editor-in-chief of Kauppalehti. According to Matti Packalén, President and CEO of Alma Media Corporation, Alpress has performed very well during last years and the divison is now in exellent shape. Hannu Olkinuora has very wide-ranging experience of newspaper publishing in Finland and Scandinavia. "We are extremely happy to get Olkinuora back, for he has a thorough knowledge of Alma Media's newspaper publishing having worked for the group from 1983 to 2000." Alpress publishes a total of 30 newspapers. The best known are the national afternoon paper Iltalehti and the regional dailies Aamulehti, Satakunnan Kansa, Lapin Kansa, Pohjolan Sanomat and Kainuun Sanomat. Alpress newspapers have a combined circulation of about 500,000 and have about 1.5 million readers. Alpress had net sales in 2000 of FIM 1.2 billion and an operating profit of FIM 145 million. ALMA MEDIA OYJ Ahti Martikainen Vice President, Corporate Communications and Investor Relations Distribution: HEX Helsinki Exchanges, Main media
  • Date: 20.11.2001, 08:00
  • News type: Stock exchange release

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