Savo-Solar appoints Nalle Stenman as CFO

Savo-Solar Plc
Company Announcement                  11 April 2017 at 2.30 p.m. (CET)

Savo-Solar appoints Nalle Stenman as CFO

Savo-Solar Plc has appointed Nalle Stenman (M.Sc. Econ., born 1971) as CFO. Nalle has 20 years of experience in financial and general management. He has held different positions in senior management at Metso and Metso Paper in China and Asia Pacific (2000-2013) and at Konecranes (1997-2000).  Before joining Savo-Solar, as from 2013 he has served at Far East Advisory Ltd. having interim management assignments among others for leading companies in Pulp and Paper as well as in Automotive.

Jari Varjotie, Managing Director of Savo-Solar Plc.: "The market demand for large solar thermal systems is growing rapidly all over Europe, and with our strong position and excellent references in Denmark, we are considered as one of the most potential supplier by the customers. Customers also expect us to deliver more complete systems, for which we are further strengthening our capabilities. In this situation Savo-Solar can clearly benefit of the finance and strategic competences Nalle has gained when working in large international companies. I am very happy to welcome Nalle as a new member to Savo-Solar's international and versatile team. I am confident that with Nalle coming on board we can further improve our capability to serve our customers and continue to help them to succeed in their businesses, and at the same time bring value to our shareholders."


For more information:
Managing Director Jari Varjotie
Phone: +358 400 419 734

Certified Adviser
Mangold Fondkommission AB
tel.: +46 8 5030 1550

This company announcement contains information that Savo-Solar Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication on 11 April 2017 at 2.30 p.m. (CET).

Savo-Solar in brief
Savo-Solar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company's collectors are equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savo-Solar helps its customers to produce competitive clean energy. Savo-Solar's vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems - market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savo-Solar is known as the most innovative company in the business, and aims to stay as such. The company has sold and delivered its products to 17 countries on four continents. Savo-Solar's shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH.

The Company's Certified Adviser is Mangold Fondkommission AB, tel.: +46 8 5030 1550.

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: Savo-Solar Oyj via GlobeNewswire