Heikki Malinen to become new President and CEO of Itella from December 11, 2012


Itella Corporation, Stock exchange release, August 21, 2012, 13:30 EET

Heikki Malinen (age 50), M.Sc.econ., MBA, is the new President and CEO of Itella as of December 11, 2012. At that time, Jukka Alho, President and CEO of the company since 2000, will retire as per his contract. Mr. Malinen will start working for Itella on November 1, 2012.

Mr. Malinen was the President and CEO of Pöyry from 2008 to June 2012. Before that, he was the Executive Vice President of Strategy and a Member of Executive Committee at UPM-Kymmene. In 1997–2005, Mr. Malinen worked in the United States for UPM-Kymmene, Pöyry and McKinsey & Company.

- Mr. Malinen's long-term experience in demanding executive tasks gives him an excellent foundation to lead Itella during a time when the decline in traditional letter volumes is causing adjustment needs and the growth in the digital communication, e-commerce, and logistics is creating new opportunities. Mr. Malinen's experience in executive tasks of major international companies will supports Itella's success in its internationalization and help us meet the challenges of the ever-tightening international competition, says Arto Hiltunen, Chairman of Itella's Board.

- Itella is Finland's leading company specializing in mail communication, logistics and information logistics and it has a nationally significant role in producing the basic service. Digitalization, e-commerce and globalization provide Itella with interesting growth opportunities in Finland and abroad, while also involving challenges. I look forward to meeting with the company's staff, customers and stakeholders and to taking the company to the next stage of development, says Mr. Malinen.

Further information
Arto Hiltunen, Chairman of Itella's Board, please contact via Itella MediaDesk: tel. + 358 20 452 3366

You can download a printable photo of Mr. Malinen

Itella Group provides solutions for managing information and product flows. Itella operates in the fields of mail communications, logistics, and financial management in Europe and Russia. Net sales in 2011 amounted to EUR 1,900 million. The number of staff is approximately 27,500. Corporate services are delivered under the Itella brand, while the Posti brand is used for services targeted at consumers in Finland. For more information, go to www.itella.com/about