Change in Cramo Group management team Vantaa, Finl

Vantaa, Finland, 2016-08-11 08:00 CEST (GLOBE NEWSWIRE) -- Cramo Plc     Stock Exchange Release 11 August, 2016 at 9.00 am (EET)

Change in Cramo Group management team

Cramo has appointed Mr Aku Rumpunen as interim CFO in relation to Mr Martti Ala-Härkönen leaving the company. Mr Rumpunen joined Cramo in 2012 and since 2013 has worked as Senior Vice President, Group Business Control and as member of the Group management team. Mr Rumpunen assumes the CFO position immediately. Search for a new permanent CFO will be initiated immediately.

CFO Mr Martti Ala-Härkönen leaves the company

Mr Martti Ala-Härkönen, who joined Cramo Group as CFO in 2006 resigns to pursue other opportunities outside the Cramo Group.

“Martti has played a significant role in developing Cramo to the leading player we are today both in his capacity as CFO and as member of the Group management team. As we are now going into the next strategic phase, we have jointly agreed that this is a good time for a change”, says CEO Leif Gustafsson. “The search for a new CFO will be initiated immediately and during the interim period Mr Aku Rumpunen will take over as CFO to secure the continuation."

CRAMO PLC

Leif Gustafsson President and CEO

Further information: Mr Leif Gustafsson, President and CEO, tel: +46 70 677 2777

Distribution: Nasdaq Helsinki Ltd. Major media www.cramo.com

Cramo is Europe’s second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in fifteen countries and in about 330 depots. With a group staff around 2.500, Cramo's consolidated sales in 2015 was EUR 668 million. Cramo shares are listed on the Nasdaq Helsinki Ltd.