Press release
November 30, 2010

Timo Mänty nominated as CEO of Onninen Oy 

M. Sc. (Econ.) Timo Mänty, 50, has been nominated as CEO of Onninen Oy. He comes to Onninen from the position of President & CEO of Rautakirja Oy and Executive Management Group membership of Sanoma Group. He has been working in several positions within Sanoma Trade division for 17 years.

- Timo’s experience of international chain operations, special wholesale business and logistics give an excellent approach to the development of our company, says Onninen Oy’s Chair of the Board, Ms. Maarit Toivanen-Koivisto. – I am very pleased to have Timo in our team, continues Toivanen-Koivisto.

- Position of CEO at Onninen is a very interesting challenge and I am happy to join a fine, traditional family company. I am thrilled to be able to develop Onninen in a versatile and international business environment, states Mänty.

Mr. Mänty starts in his new position on April 1, 2011.

Onninen provides comprehensive materials services to contractors, industry, public organizations and technical product retailers.  We are a family-owned company and have operated in the industry since 1913. We have 3,000 employees in our Finnish, Swedish, Norwegian, Polish, Russian, Baltic and Kazakhstan operations. Our net sales for 2009 totaled EUR 1.34 billion.

Chair of the Board Maarit Toivanen-Koivisto,, tel. +358 204 85 5539
CEO Timo Mänty, p. +358 400 712 836