Elettronica
Incap continues developing its corporate functions
Incap Corporation
Stock Exchange Release 26 August 2015 at 3.15 pm (EET)
Incap continues with the renewal of its operational model and is outsourcing its Finance & Administration to cooperating partners. The management of finance and administration will be in the responsibility of Ms Kaisa Kokkonen (M.Sc. Econ., HTM-auditor) at Akeba Oy and as the financial department will act Tilistar Oy. The new operational model of Finance & Administration will be implemented as from 1 September 2015.
Kirsti Parvi, who has been acting as CFO of Incap Group as from 2011, is turning to new tasks outside the company. President and CEO Ville Vuori: "I wish to thank Kirsti Parvi for her persistent work both during the challenging period of the company and now after the financial position of the company was improved. We have during the last few years implemented a significant structural change, and Kirsti has had there an important role. I wish her all the best in her future challenges."
Besides renewing the Finance & Administration, Incap is strengthening its key functions further and has started searching a managing director for the Estonian operations. The Group's factories in Estonia and India are operating as independent profit centers, which are responsible besides the actual order-delivery process also for quotations and pricing. The Group's new management team will consist of the CEO of the Group and the managing directors of the operations in Estonia and India.
INCAP CORPORATION
Further information:
Ville Vuori, President and CEO of Incap Group, tel. +358 400 369 438
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
The company's home page www.incapcorp.com
Copyright GlobeNewswire
Regulatory News
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: %s via Globenewswire