August 4, 2011

Change of Group CFO at Onninen

M.Sc. (Econ.) Sami Saarnio (38) has been appointed to Chief Financial Officer of Onninen Group and as a member of Group Management Team. Sami has been working for Onninen since 2005, moving from the position of Director, Group Finance, before that operating as Group Controller. He reports to CEO Timo Mänty.

Sami succeeds Heikki Ala-Ilkka as CFO on 1.9.2011. Heikki continues as Executive Advisor until 31.3.2012, when he leaves the company according to previous agreement.

I want to thank Heikki warmly of persevering work and remarkable contribution for Onninen during his years as CFO.

CEO Timo Mänty,, tel. +358 (0)400 712 836

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 Kazakh operations. Our net sales for 2010 totaled EUR 1.4 billion.