RAMIRENT PLC STOCK EXCHANGE RELEASE 23 FEBRUARY 2016 at EET 9:00
Vantaa, Finland, 2016-02-23 08:00 CET (GLOBE NEWSWIRE) —
The Ramirent Board of Directors has appointed Tapio Kolunsarka (40) as the new President and CEO of Ramirent Plc. Tapio Kolunsarka will assume his duties no later than at the end of August 2016 and succeed Magnus Rosén, who will resign from the company. Magnus Rosén will continue as President and CEO until Tapio Kolunsarka will take up the position.
“I started as CEO of Ramirent in 2009 in the middle of the financial crisis. I have had the privilege of leading the company through different market environments while building a common business platform, reducing the operational risk level in the Group and developing three distinct business areas in which Ramirent is well-positioned to seek growth. After seven interesting years, I feel this is a good time to move on with my career”, says Magnus Rosén.
Ulf Lundahl, Chairman of the Ramirent Board of Directors: “Magnus Rosén has led the company through significant headwind in many markets while transforming the company from a fragmented organisation to a more unified company. Under his leadership the company has also increased the EPS from 0.04 EUR in 2009 to 0.36 EUR in 2015. On behalf of the entire Board of Directors, I want to express my appreciation and thank Magnus Rosén for his dedication and contribution to the Group’s development. Magnus Rosén will continue as CEO until Tapio Kolunsarka will start and he will continue to support the company to ensure continuity of key business initiatives.”
Magnus Rosén will be a member of the industrial network of Nordstjernan and is a board member of NCC Housing and Llentab.
“Ramirent has been going through a phase of significant transformation and it is now time to enter a new strategic phase pursuing profitable growth by further developing our business mix: General Rental, Solutions and Temporary Space. I am very pleased that we have been able to recruit Tapio Kolunsarka as new President and CEO. Tapio Kolunsarka’s strategic skills and proven leadership abilities as head of a major organisation constitute an excellent background for leading Ramirent in the next phase,” says Ulf Lundahl.
“I am excited to join one of the leading equipment rental companies in Europe. By taking first-class care of its customers, I am sure that Ramirent will have a successful future. I am looking forward to joining the team of dedicated employees and contribute to the next chapters of Ramirent history”, says Tapio Kolunsarka.
Tapio Kolunsarka joins Ramirent from UPM-Kymmene Corporation, where he has served as Executive Vice President of UPM Raflatac since 2013. Between 2011-2013 Mr. Kolunsarka was Senior Vice President of UPM Raflatac EMEA and between 2008-2011 of UPM Raflatac Europe. During the years 2002-2008 he held several leading positions in UPM Raflatac in Finland and in the United States. Before joining UPM he was a consultant at McKinsey & Company. Tapio Kolunsarka holds a M.Sc. in Industrial Engineering from the Helsinki University of Technology and a M.Sc. in economics from the Helsinki School of Economics.
Vantaa, 23 February 2016
RAMIRENT PLC
Board of Directors
Further information:
Ulf Lundahl, Chairman of the Board of Directors, Ramirent Plc, tel. +46 708 20 4648
DISTRIBUTION
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Ramirent is a leading equipment rental group combining the best equipment, services and know-how into rental solutions that simplify customer’s business. Ramirent serves a broad range of customer sectors including construction, industry, services, the public sector and households. Ramirent has operations in the Nordic countries and in Central and Eastern Europe. In 2015, Ramirent Group sales totalled EUR 636 million. The Group has 2,654 employees in 288 customer centres in 10 countries. Ramirent is listed on the NASDAQ Helsinki (RMR1V). Ramirent – More than machines®.
