Mr. Peter Therman, MSc, (44) has been appointed President and CEO of Karelia-Upofloor as of 26 May 2012.

Peter Therman has been a member of the Board of Directors of Karelia-Upofloor since 2010. Since 18 February 2011 he has been Chairman of the Board of Directors.

The Board of Directors has appointed Mr. Bertel Langenskiöld, Managing Director
of Hartwall Capital Oy Ab, as the new Chairman of the Board of Directors.

“I want to thank Mikko Kilpeläinen, curent CEO of Karelia-Upofloor, for his valuable efforts on behalf of the company during difficult times. Through his hard work and persistence Mikko has turned a negative trend into positive growth. This is a good start.” said Peter Therman.

For further information, please contact:
Bertel Langenskiöld, Managing Director, +358 9 6818 560
www.kareliaupofloor.com