SanomaWSOY Corporation has renewed the management model of its Executive Management Group and other Group management.
Since April 5, 2007, the Executive Management Group consists of SanomaWSOY's President and CEO Hannu Syrjänen and the directors of each division: Eija Ailasmaa, President and CEO of Sanoma Magazines; Mikael Pentikäinen, President of Sanoma; Jacques Eijkens, CEO of SanomaWSOY Education; Tapio Kallioja, President of SWelcom; and Erkki Järvinen, President and CEO of Rautakirja.
There have been no changes in the authorisation or responsibilities of the Executive Management Group. The Executive Management Group prepares matters to be discussed at SanomaWSOY's Board meetings, coordinates Group management, and acts as the highest decision making body of the divisions - i.e. as the Board of the divisions' parent companies.
At the same time, SanomaWSOY has established the Corporate Center to support Group's divisions. The Corporate Center consists of the following main functions: Group Strategic Development, Group Legal Affairs, Group Financial Management, Group Human Resources, and Group Communications.
The Corporate Center's functions will continue to be headed by Nils Ittonen, responsible for Group Treasury, Real Estate and Risk Management; Kerstin Rinne, responsible for Legal Affairs; and Matti Salmi, responsible for Group Financial Management. The areas of responsibility will be clarified and directors for the other functions will be appointed later. Directors of the Corporate Center will report direct to SanomaWSOY's President and CEO.
In connection with this change in management model, SanomaWSOY's Board of Directors has also appointed deputies for SanomaWSOY's upper management. The deputy to Hannu Syrjänen, President and CEO of SanomaWSOY, will be Eija Ailasmaa, President and CEO of Sanoma Magazines; deputy to Mikael Pentikäinen, President of Sanoma Corporation, will be Pekka Soini, President of Helsingin Sanomat; deputy to Jacques Eijkens, CEO of SanomaWSOY Education, will be Veli-Pekka Elonen, President of WSOY; deputy to Tapio Kallioja, President of SWelcom, will continue to be Pekka Jaakola, Senior Vice President, Technology; and deputy to Erkki Järvinen, President and CEO of Rautakirja, will be Hellevi Kekäläinen, CFO of Rautakirja.
SANOMAWSOY CORPORATION
Matti Salmi
Senior Vice President
Finance and Administration
Additional information: Hannu Syrjänen, President and CEO of SanomaWSOY, tel. +358 105 19 5020
SanomaWSOY is the leading media group in the Nordic region operating in versatile fields of media in over 20 European countries. The Group has five divisions: Sanoma Magazines, Sanoma, SanomaWSOY Education and Books, SWelcom, and Rautakirja. In 2006, the Group employed over 18,000 people and its net sales were some EUR 2.7 billion.