Heikki Vauhkonen (b. 1970), LL.M., B.Sc. (Econ. & Bus. Adm.), has been appointed Managing Director of Tulikivi Corporation, effective from 23 August 2013. He has worked for Tulikivi Corporation since 1997. Vauhkonen will leave his current post as full-time Chairman of Tulikivi’s Board of Directors when he assumes the duties of Managing Director. He will continue as a member of the Board. Jouni Pitko, the current Managing Director of Tulikivi Corporation, will not continue in the company’s service.

At its meeting held on 23 August 2013, the Board of Directors of Tulikivi Corporation elected Board member Harri Suutari as part-time Chairman of the Board. Suutari has served on the Board since April 2013.

This change is part of the generational change process at Tulikivi. On 21 August 2013, Tulikivi issued a flagging announcement regarding a share transaction whereby Heikki Vauhkonen acquired the voting shares held by Reijo Vauhkonen, Tulikivi’s founder. Heikki Vauhkonen’s holding corresponds to 18.40 per cent of Tulikivi Corporation’s stock and 48.06 per cent of the votes.

TULIKIVI CORPORATION
Board of Directors

Distribution: NASDAQ OMX Helsinki
Key media
www.tulikivi.com

Additional information: Tulikivi Corporation, FIN-83900 Juuka, www.tulikivi.com
– Harri Suutari, Chairman of the Board of Directors, tel. +358 (0) 400 384 937
– Heikki Vauhkonen, Managing Director, tel. +358 (0)207 636 555