Topi Paananen appointed to be the Chief Executive Officer (CEO) of Peikko Group Corporation

Effective 1st of April 2010 there will be the following changes to the top management of Peikko Group.

Mr. Topi Paananen, currently Chairman of the Board of Directors of Peikko Group Corporation, has been appointed as the CEO of Peikko Group. Mr. Paananen is a member of the owning family and has held various positions at Peikko for the past five years.

At the same time, it has been agreed that Mr. Raimo Lehtinen, formerly the Managing Director of Peikko Group, will take a new role as a Director, Anchoring Products. There will be a new team formed to further develop and commercialize Peikko’s products in the area of anchoring technology. This new project team will work parallel to Peikko’s existing R&D team. The new anchoring products are to be developed for use by for example pre-casters and construction companies. Mr. Lehtinen continues on the Peikko Management Team and will report to Mr. Paananen.

“It has been a pleasure to grow with the company and lead its success over the past 20 years. It is natural that under the current market challenges the owner of the company is directly leading daily operations. I am very much looking forward to committing my technical and commercial experience and skills to developing our core products further”, comments Raimo Lehtinen.

“We need to have our best resources available to intensively focus our product development to bringing exciting new products faster to market. With business conditions now stabilized and growth re-starting, we need to have more emphasis on new products and solutions we can contribute to our customers. I am confident that these changes in roles will enable us to grow faster in the next years”, states Topi Paananen.

Further information:

Topi Paananen, CEO (from April 1st), Peikko Group Corporation, Tel. + 358 50 384 3001
Raimo Lehtinen, Director, Anchoring Products (from April 1st), Peikko Group Corporation, Tel. + 358 40 5209260

Peikko is a Finnish family-owned company specializing in composite beams and fastening products for concrete connections. Peikko Group Corporation has subsidiaries in Austria, Canada, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Latvia, Lithuania, the Netherlands, Norway, Poland, Russia, Saudi Arabia, Slovakia, Spain, Sweden, Switzerland, Turkey, Ukraine, the United Arab Emirates and the United Kingdom. The production facilities of Peikko Group are located in Finland, Germany, Lithuania, Russia, Slovakia, United Arab Emirates and the United Kingdom. Peikko Group employs more than 700 people. Further information:

Press Release picture (jpeg, 1,2 MB), Topi Paananen (jpeg, 140 kB)