Beskrivning
| Land | Finland |
|---|---|
| Lista | First North Finland |
| Sektor | Tjänster |
| Industri | Allmänna tjänster |
Fondia Plc
Company release, inside information
2025-01-22 at 9.00 a.m. EET
The Board of Directors of Fondia Plc and CEO Harri Savolainen have agreed that Savolainen will leave his position as CEO and resumes his role as CFO as of 22 January 2025. He held the position of CFO of the company from 2019 to 2022 and the position of interim CEO from 2021 to 2022. In 2022, Savolainen became Fondia's permanent CEO, and alongside these duties, he has also carried out tasks pertaining to the CFO.
The company's Board of Directors has launched a search for a new CEO and appointed Timo Lappi, Chair of the Board, as the company's interim CEO. Lappi is one of Fondia's founders and served as the company's CEO from 2009 to 2011 and as its legal counsel from 2012 to 2016. Lappi has been a member of Fondia's Board of Directors from 2021 and the Chair of the Board from 2024.
Timo Lappi will also continue as Chair of the Board. This is a temporary deviation from recommendation 21 of the Finnish Corporate Governance Code. The company's Board of Directors has appointed Johan Hammarén as Vice Chair of the Board to ensure the smooth running of the Board and good governance during this period of change.
"On behalf of the entire Board of Directors, I want to thank Harri for his significant contribution especially to the development of Fondia's operational activities. This year, the company will focus first and foremost on profitability by putting customers first in all operations, improving employee satisfaction and completing strategic development initiatives. It is great to see Harri back in the role of company CFO, where his extensive expertise and experience will continue to support the company in achieving these important goals," says Timo Lappi, Chair of Fondia's Board of Directors.
"I want to thank Fondia's entire personnel, our customers and our shareholders for these three years as the company's CEO. I am particularly proud of our systematic work to ensure a great customer experience and development of customer work. I am happy to continue close and persistent cooperation with the company's Board and future CEO to reach that target," says Harri Savolainen, CEO of Fondia.
Changes in the Group Management Team
The composition of the Group Management Team will also change. The company's Chief Operating Officer Wilma Laukkanen and Legal Business Director, Finland Minna Laurila will no longer continue to work for the company and their tasks will be reorganised. The Board of Directors and the CEO of Fondia would like to warmly thank Wilma and Minna for their long-standing contribution to the Company and wish them all the best for the future.
Composition of the Group Management Team as of 22 January 2025:
- Timo Lappi, Interim CEO, Fondia Group; Chair of the Board
- Harri Savolainen, CFO, Fondia Group
- Emma Ridderstad, Managing Director, Fondia Sweden
- Eneli Perolainen, Managing Director, Fondia Baltics
Fondia Plc
Board of Directors
For further information, please contact:
Timo Lappi, Interim CEO; Chair of the Board of Directors, tel. +358 40 756 7809
Harri Savolainen, CFO, tel. +358 40 502 1919
Certified Adviser Aktia Alexander Corporate Finance Ltd, tel. +358 50 520 4098
Fondia in brief
Fondia solves the legal needs of companies by combining the best services from internal legal departments and law firms. Fondia operates in Finland, Sweden, Estonia, and Lithuania, and the Group's net sales in 2023 were EUR 26.1 million. Fondia employs around 190 people.
Distribution:
Nasdaq Helsinki Ltd
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