Change in Cramo Group management team Vantaa, Finl

Vantaa, Finland, 2016-12-21 15:30 CET (GLOBE NEWSWIRE) -- Cramo Plc     Stock Exchange Release 21 December, 2016 at 4.30 pm (EET)

Change in Cramo Group management team

Mr Aku Rumpunen has been appointed new CFO of Cramo Group as of 21 December 2016. Mr Rumpunen has worked as Interim CFO in the company since mid-August 2016. Prior to that he was Senior Vice President, Group Business Control and member of the Group management team as from 2013.

“I am very pleased to appoint Aku Rumpunen as new CFO of the company. During his time as Interim CFO, he has driven our strategic financial targets in an excellent way. In addition, he has played a key role in developing Cramo’s performance management model and I am looking forward to continuing working closely together striving to achieve Cramo’s long term targets”, says Mr Leif Gustafsson, President and CEO of the Cramo Group.

CRAMO PLC

Leif Gustafsson President and CEO

Further information: Mr Leif Gustafsson, President and CEO, tel: +358 10 661 10 Mr Mattias Rådström, SVP, Communication, Marketing and Investor Relations, tel: +46 70 868 7045

Distribution: Nasdaq Helsinki Ltd. Major media www.cramogroup.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.

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