LASSILA & TIKANOJA PLC COMPANY ANNOUNCEMENT
12 May 2009 8.00 am
Lassila & Tikanoja’s business operations will be regrouped into three divisions: Environmental Services, Property and Office Support Services and Renewable Energy Sources (L&T Biowatti). The Industrial Services division will be combined with the Environmental Services division. The new structure will enter into force on 1 June 2009.
By the regrouping L&T aims at a more cost-efficient and customer orientated operating model. The combining of the organisations of Environmental Services and Industrial Services allows more efficient use of resources.
The company’s internal reporting, as well as the segments reported externally, will be changed to reflect the new divisions at the beginning of 2010. In 2009, the financial reporting segments are Environmental Services, Property and Office Support Services and Industrial Services.
Jorma Mikkonen, Vice President, Industrial Services has been appointed Vice President, Environmental Services. Anna-Maija Apajalahti continues in her position as Vice President, Property and Office Support Services and Kari Lahti will be responsible for Renewable Energy Sources as Managing Director of L&T Biowatti Oy. Arto Nivalainen, current Vice President, Environmental Services, will continue in the company until 31 August 2010. He will be responsible for certain ongoing and starting development and investment projects and will continue as a member of the Board of Directors of L&T Biowatti Oy. L&T’s Group Executives will remain as at present.
LASSILA & TIKANOJA PLC
Jari Sarjo
President and CEO
For additional information please contact Jari Sarjo, President and CEO, tel. +358 10 636 2810.
Distribution:
NASDAQ OMX Helsinki
Major media
www.lassila-tikanoja.com