The combination of Alma Media and Talentum makes headway,

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Jan 15, 2016 at 7:15 AM

The combination of Alma Media and Talentum makes headway, Talentum will have a new CEO

Alma Media Corporation Stock Exchange Release 15 January 2016 at 2:00 p.m. THE COMBINATION OF ALMA MEDIA AND TALENTUM MAKES HEADWAY, TALENTUM WILL HAVE A NEW CEO In accordance with the combination plan concluded between Alma Media and Talentum, Talentum’s business operations and Alma Media’s Financial Media and Business Services will be combined to form a new business unit in the course of 2016. In connection to this, the following decisions have been taken: Aarne Aktan, CEO of Talentum Ltd, will step down after the financial statements for 2015 are released on 12 February 2016. Aktan will continue to work for Talentum until the end of June 2016, acting as CEO of Talentum’s Swedish subsidiary. “I thank Aarne Aktan for his contribution to Talentum and excellent collaboration. In his position as CEO, he has been efficient and produced results. Working in collaboration with his management team, Aarne has brought Talentum’s business operations in Finland back on a growth path, in the face of a difficult market situation. I am also delighted that he will continue to work in the position of CEO of Talentum Sweden until the end of June, ensuring that the Swedish subsidiary will be put back on track in a manner similar to that of the Finnish business operations”, comments Kai Telanne, Chair of the Talentum Ltd Board and President and CEO of Alma Media. “Talentum has been a great and rewarding project, and one to be completed in the course of the spring. I am proud of our accomplishments over the past four years. The combination of Alma Media and Talentum is quite something, and there would have been many interesting positions at Alma also. I will announce my plans for the future in the course of the spring”, says Aarne Aktan. “My work will continue in the coming spring in the Swedish press business, where my target will be to improve profitability.” As of 13 February 2016, Juha-Petri Loimovuori will act as CEO of Talentum Ltd; he is also CEO of Kauppalehti Ltd. The following individuals, forming the Management Team of the new business unit to be formed following the combination, will be responsible for the unit’s operations: Arno Ahosniemi (editorial staff); Tuomas Hämäläinen (content sales); Tiina Järvilehto (media sales); Otto Mattsson (Kauppalehti Information Services); Tapio Teppo (Talentum Events) and Pia Ruusukivi (digital development). The Management Team will be supplemented later. The Management Team will begin work on 13 January 2016. As part of the combination process, the companies have agreed on transfers of undertaking regarding certain operations of Talentum Media Ltd and Talentum Ltd. Of the business operations of Talentum Media Ltd, editorials, media sales and circulation sales will be transferred to Kauppalehti Ltd through the transfer of undertaking. Similarly, of the operations of Talentum Ltd, customer services and marketing will be transferred to Kauppalehti Ltd through transfer of undertaking. These transfers of undertaking will take place on 1 February 2016. After the transfers of undertaking, Talentum will continue its current business operation, publishing its media and acquiring corresponding services in the form of outsourced services from Kauppalehti Ltd under a separate service contract, adhering to the current cost structure. In connection with the transfers of undertakings, starting from 1 February 2016, approximately 170 Talentum employees will be transferred as employees retaining their current terms and conditions to the employment of Kauppalehti Ltd. The transfers of undertaking to be carried out will have no significant effect on Alma Media’s or Talentum’s profit or balance sheet. ALMA MEDIA CORPORATION Rauno Heinonen Vice President, Corporate Communications and Investor Relations More information: Kai Telanne, President and CEO, Alma Media Ltd, tel. +358 10 665 3500 Juha-Petri Loimovuori, Senior Vice President, Financial Media and Business Services, Alma Media, tel. +358 010 665 2360 Distribution: Nasdaq Helsinki, Main Media, www.almamedia.fi Alma Media in brief Alma Media is a media company focusing on digital services and publishing. In addition to news services, the company’s products provide useful information related to lifestyle, career and business development. The services of Alma Media have expanded from Finland to the Nordic countries, the Baltics and Central Europe. In 2014, the company employed an average of 1,830 professionals (excluding deliverers), of whom approximately one quarter worked outside Finland. Alma Media’s revenue in 2014 totalled approximately EUR 295 million. Alma Media’s share is listed on Nasdaq Helsinki. Read more at www.almamedia.com.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Accuray Finishes Key Deal, Resetting Financial Trajectory

Accuray Secures the Deal, But Is the Future Bright? Every now and then in the investing world, a company pulls off a maneuver that you wish you’d thought of first. Today, folks, it's Accuray's turn. They've just wrapped up a monstrous transaction with TCW – their primary lender and shareholder – that has them feeling optimistic about the road ahead. Bold Moves to...

Data Center Transformers on the Brink of a Boom

A Flash Look: Powering Up Data Centers Look, if you're thinking of sidestepping data center transformers as just another cog in the machine, think again. This market's set to balloon—doubling from $5.59 billion in 2026 to a jaw-dropping $10.72 billion by 2031. We're talking a chunky 13.9% CAGR. Not every bit of news grabs you by the lapels, but this one does. What’s...

FiEE Rockets to Profitability with 382% Revenue Surge

Big Moves in the Tech Jungle: FiEE's Comeback Let's chew the fat on FiEE, Inc., a company that's left its hardware-heavy past in the dust and grabbed the bull by the horns with fresh, AI-driven brand tech solutions. We're talking a whopping 382.1% revenue increase. Now, that's not chump change. From barely scraping $2 million last year to raking in $9.6 million just for...

Custom Upholstered Furniture: Comfort Built to Last

Rethinking Furniture Comfort: Not Just a Luxury Diving into the world of custom upholstered furniture with insights from Randy Marohn is like finding a cheat sheet for comfort. Seriously, it ain't just about plush cushions or slick fabrics—it's a bonafide science. Marohn, from Sans Furniture Inc. in good ol’ Hamburg, NY, unfolds a tale of intentional design and...

Noël Jolié's Cream Earns Spot on Oprah's List

The Powerhouse of Oprah's Seal of Approval Ever notice what happens when Oprah drops a nod towards any brand? It's like Midas touching everything gold. That's exactly the scenario with Noël Jolié, a Chicago-based luxury body care operation, hitting the jackpot by landing its Velours Silken Body Cream on Oprah's Favorite Things 2026. You can't buy this kind of press,...

Fitness Career Platform's Big Ramp Up Sparks Buzz

ISSA Career Connect Gains Industry Recognition In a world where finding that first job post-certification can be as brutal as a spin class in August, ISSA Career Connect seems to be offering a bit of a lifeline. This platform, already making some serious noise in the fitness industry, has just snagged a place as a finalist for App of the Year at the 2026 Beyond Activ...

Aluminum Fluoride Market to Hit $3.3B by 2031

Eye on the Aluminum Fluoride Surge Cracking open the numbers, the aluminum fluoride market is projected to swell from $2.48 billion in 2026 to a hefty $3.30 billion by 2031, trucking along at a CAGR of 5.9%. That's no small potatoes in the world of industrial materials. Scratch the surface, and you’ll see what's fueling this climb—think of it as a bellwether for...

Odessa Water Overbilling Lawsuit Surges Ahead

Full Steam Ahead for Odessa's Water Fight Odessa, a dust-blown Texas town, ain't giving up without a fight. The court just lit a fire under the efforts of 46,000 residents and businesses hollering about their water bills that seemed to skyrocket outta nowhere. This court ruling lets the class action against the City of Odessa and Performance Services—they're the folks...

Kentucky Power's Bold Plan to Boost Local Economy

Electricity, Economy, and Execution Kentucky Power just laid out plans that could massively swing the pendulum for eastern Kentucky's economic prospects. They've put filings on the table for the Kentucky Public Service Commission that, if approved, promise big economic benefits. We're talking about a potential infusion of $500 million through fixed-rate offsets and an...

Dana-Farber Integrates IconPCR for Precise cfDNA Sequencing

Innovating Precision in cfDNA Sequencing One day you're trudging along old paths, and the next, technology throws you a curveball that's too critical to ignore. That's the scene at Dana-Farber Cancer Institute with their latest lab upgrade. They've bent the knee to integrate n6's iconPCR system into their toolkit for liquid biopsy research—a move that's caught my...