Tieto announces change of President and CEO

Tieto announces change of President and CEO

TIETO CORPORATION   Stock Exchange Release 28 April 2011, 7.45 am EET

Tieto’s Board of Directors and Hannu Syrjälä, President and CEO, have jointly agreed that Syrjälä will leave his position as President and CEO as of today. The reason for the change is Tieto’s unsatisfactory financial and operational development.

Ari Karppinen (born 1957), Executive Vice President, Managed Services and Transformation in Tieto, has been appointed acting President and CEO as of 28 April. The Board of Directors has already initiated a process for recruiting the new President and CEO.

“Under Hannu Syrjälä’s leadership Tieto started a major transformation three years ago. During this period, Tieto has transformed from a decentralized company into an integrated business model. The Board extends its gratitude to Hannu Syrjälä for his commitment to drive change and develop the company,” says Markku Pohjola, Chairman of the Board of Directors.

Ari Karppinen’s CV is available on Tieto's website at www.tieto.com/CV

For further information, please contact:
Markku Pohjola, Chairman of the Board of Directors, tel. +358 50 1654, between 7.45–9.00 am EET.




NASDAQ OMX Stockholm
Principal Media

Tieto is the leading IT service company in Northern Europe providing IT and product engineering services. Our highly specialized IT solutions and services complemented by a strong technology platform create tangible business benefits for our local and global customers. As a trusted transformation partner, we are close to our customers and understand their unique needs. With about 18 000 experts, we aim to become a leading service integrator creating the best service experience in IT. www.tieto.com



Published on: 
28 April 2011