Stock Exchange Releases

Tulikivi’s Managing Director Heikki Vauhkonen to become Tulikivi Board chairman, and new Managing Director being sought


Tulikivi Corporation’s current Managing Director, Heikki Vauhkonen, is to become chairman of Tulikivi’s Board of Directors on a full-time basis.

Tulikivi Corporation’s Board of Directors has begun the search for a new Managing Director. The company’s Board of Directors has decided that it will select Heikki Vauhkonen as chairman from among its members once the company’s new Managing Director has taken up his or her duties. These new positions are expected to take effect in the first half of 2013.

Managing Director Heikki Vauhkonen: “Transferring to the position of full-time chairman of the Board is a natural part of the generational change process at Tulikivi. In the past few years, Tulikivi’s operations have seen a considerable amount of reshaping, as we have discontinued unprofitable businesses and harmonised core business processes. The renewed fireplace collection, our Green products ideal for low-energy construction, and our modern sauna heaters all provide a strong foundation for building the company on the domestic and international markets.”

Tulikivi Corporation

Board of Directors
Matti Virtaala
Chairman of the Board

Distribution: NASDAQ OMX Helsinki
Key media

Further information: Tulikivi Corporation, 83900 Juuka,
– Chairman of the Board of Directors Matti Virtaala, tel. +358 (0)207 636 666
– Managing Director Heikki Vauhkonen, tel. +358 (0)207 636 555
Tulikivi comprises the Tulikivi Corporation, which is a listed family enterprise, and its subsidiaries. Tulikivi is the world’s largest manufacturer of heat-retaining fireplaces. The company has three product groups: Fireplaces, Sauna and Interior. Tulikivi and its customers value wellbeing, interior design and the benefits of bioenergy. Tulikivi’s net sales are approximately EUR 60 million, of which exports account for about half. Tulikivi employs over 400 people.