Apetit Plc, Stock Exchange Release, 17 January 2019 at 9:30 a.m.
The roles and responsibilities of the members of Apetit Plc’s Management Team have been clarified with the aim of further strengthening the company’s growing business and rapidly developing business segments with an unsatisfactory profit level.
Two consecutive weak harvest seasons have reduced the volumes of Grain Trade significantly, making trading materially more challenging than in seasons with a normal harvest. The lack of opportunities to export Finnish grain and the imbalance in supply and demand in the Baltic market have caused profitability to deteriorate. As a result, Antti Snellman will focus on further developing the Grain Trade business and restoring its profitability. Snellman has been in charge of the Grain Trade and Oilseed Products businesses since the beginning of 2017.
Anu Ora will be in charge of Frozen Foods and the Oilseed Products business, aiming to ensure their profitable growth by focusing on product development, growing international trade and seeing through major investments. Ora has been in charge of the Food Solutions business since 2015.
The Fresh Products group will be made more agile and its profit responsibility will be strengthened as part of its ongoing structural transformation into a partner that serves the retail sector and professional food services. Leena Helminen, who has served as the director of the Fresh Products group since 2018, will in future report directly to CEO Juha Vanhainen. The key goals for the Fresh Products group are to continue increasing the efficiency of operations and to achieve a clear improvement in profitability.
“By reassigning these roles and responsibilities, we are intensifying our efforts to strengthen Grain Trade and the Fresh Products group and to improve their profitability,” says CEO Juha Vanhainen.
The new roles and responsibilities will take effect on 17 January 2019. Snellman, Ora and Helminen will remain members of Apetit Plc’s Management Team, reporting to CEO Juha Vanhainen.
The changes will not have an effect on the reporting segments of Apetit Plc.
For further information, please contact:
Juha Vanhainen, CEO, tel. +358 10 402 00
Apetit is number one in vegetables. It is a food industry company firmly rooted in Finnish primary production. We create well-being with vegetables by offering healthy and tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit seeks to lead the way in vegetable-based food solutions. Apetit Plc’s shares are listed on Nasdaq Helsinki. In 2017, the company’s net sales were EUR 312 million and it had an average 557 employees. Read more at www.apetitgroup.fi.