L&T regroups organisation - Industrial Services and Environmental Services to be combined 

LASSILA & TIKANOJA PLC    Press Release  

12 May 2009  8.00 am

L&T REGROUPS ORGANISATION - INDUSTRIAL SERVICES AND ENVIRONMENTAL SERVICES TO BE COMBINED

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 to 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.

“We are streamlining our work chains and enhancing our organisational flexibility to allow easier balancing of work loads and equipment between different operations. For our customers, this will create more cost-efficient and higher quality service packages”, says Jari Sarjo, President and CEO of L&T.

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.

For additional information please contact Jari Sarjo, President and CEO, tel. +358 10 636 2810.