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Regulatory press release

Changes in Efore management

Enedo

EFORE PLC       Stock Exchange Release      November 26, 2018 , 2018   at 13.50


Changes in Efore management

Carlo Rosati, Finance & Administration Manager in Italy, will be appointed as Director for Digital Power and Digital Light Business Lines starting January 1st 2019. These Business Lines will be from now on called Digital Power and Light.

Rosati will succeed in this role Jorma Wiitakorpi, CEO of Efore Group, who has taken care of this position since October 26th 2018. Carlo Rosati will continue in his role as the CEO for Efore SpA and be part of the Executive Management Team.

In his new business development director role Jorma Wiitakorpi continues also to actively develop the operations in all Business Lines, until the end of June 2019 when he leaves Efore.


EFORE PLC

Jorma Wiitakorpi                                  Vesa Leino
President and CEO                                CFO

For further information please contact Mr. Jorma Wiitakorpi, CEO, tel. +358 40 175 8510 or Mr Vesa Leino, CFO, + 358 40 759 8956.

DISTRIBUTION
Nasdaq Helsinki Oy
Principal media


Efore Group
Efore Group is an international company which develops and produces demanding power products. Efore's head office is based in Finland and its sales, marketing and product development units are located in China and Europe. In addition, the group has a sales and marketing unit in United States. In the fiscal year ending in December 2017, consolidated net sales totaled EUR 69.9 million and the Group's personnel averaged 432. The company's share is quoted on the Nasdaq Helsinki Ltd. www.efore.com

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