Restamax Plc
STOCK EXCHANGE RELEASE 1 JUNE 2018 at 13:30
CHANGES TO RESTAMAX'S BOARD OF DIRECTORS AND EXECUTIVE TEAM
The Board of Directors of Restamax Plc ("Restamax") has appointed Aku Vikström (b. 1972) as Restamax CEO and Chairman of the Executive Team starting from 1 June 2018. Vikström will be responsible in Finland for the company's operations, result and development. Vikström previously served as the CEO of Royal Ravintolat Ltd ("Royal Ravintolat").
"Vikström brings significant knowledge capital to the company - he has more than twenty years' diverse experience with management, sales and marketing in the restaurant and food industry, and a great passion for the restaurant industry. Vikström will further reinforce Restamax's market position in Finland and advance the experiences offered by Finnish restaurant culture," says Chairman of the Board of Directors Timo Laine.
"I am eager to accept my new duties and looking forward to meeting our personnel. We will invest in the recipe for success shared by both companies - entrepreneurial business culture - and continue working on even more excellent customer service and our efficient operating model. The work to revise the company name has begun, and we will tell more about it after the summer," says Vikström.
Restamax CEO Juha Helminen, M.Sc.(Tech.), b. 1977, will take charge of the company's international operations starting from 1 June 2018. Helminen was appointed as the Deputy CEO of Restamax starting from 1 June 2018. Helminen started as Restamax CEO and member of the Executive Team on 1 September 2017.
"Restamax aims to become the leading restaurant operator in Northern Europe in 3-5 years, which is supported by our corporate acquisition in Denmark as well as our joining of forces with Royal Ravintolat. Helminen has had a long international career in brewery and restaurant industry business and sales management, which makes him a natural choice to lead our international operations," says Laine.
"This spring, we expanded our operations to Denmark. Through these changes to responsibilities, we can now focus in a very different way on implementing our growth strategy abroad, where we have a market of EUR 100 billion in Northern Europe alone," says Helminen.
Changes to the Board of Directors
On 31 May 2018, Restamax's Extraordinary General Meeting decided to supplement the company's Board of Directors with Saku Tuominen, Tomi Terho and Mikko Kuusi, who are current members of the Board of Directors of Royal Restaurants.
Starting from 31 May 2018, Restamax's Board of Directors will consist of the following members:
Timo Laine, Chairman of the Board of Directors
Petri Olkinuora, Vice-Chairman of the Board of Directors
Mikko Aartio
Mika Niemi
Saku Tuominen
Tomi Terho
Mikko Kuusi
Changes to the Executive Team
Starting from 1 June 2018, Restamax's Executive Team has been supplemented with Aku Vikström. Starting from 1 September 2018, the structure of the Executive Team will change and the areas of responsibility of business units will be redistributed. The open role of the CCO will also be filled. In future, the CPO will report to the CFO.
Starting from 1 September 2018, Restamax's Executive Team will consist of the following members:
Aku Vikström, CEO, Chairman of the Executive Team
Juha Helminen, Deputy CEO
Jarno Suominen, CFO
Paul Meli, CBO, Nightclubs and Pubs&Entertainment, rest of Finland
Tero Kaikkonen, CBO, Fast Casual
Tanja Virtanen, CBO, Food restaurants, rest of Finland
Benjamin Gripenberg, CBO, Food restaurants, Helsinki metropolitan area
Eemeli Nurminen, CBO, Nightclubs and Pubs&Entertainment, Helsinki metropolitan area
Elina Yrjänheikki, CBO, Events
Joonas Mäkilä, CCO
Perttu Pesonen, Development Director
Anne Kokkonen, HR Director
Additional information:
Timo Laine, Chairman of the Board of Directors, Restamax Plc, tel. +358 400 626 064
Aku Vikström, CEO, Restamax Plc, tel. +358 50 524 9445
Juha Helminen, Deputy CEO, Restamax Plc, tel. +358 40 535 5560
Jarno Suominen, CFO, Restamax Plc, tel. +358 40 721 5655
Distribution:
NASDAQ Helsinki
Major media
www.restamax.fi
Restamax Plc is a Finnish group established in 1996, specialising in restaurant services and labour hire. The company, which was listed on NASDAQ Helsinki in 2013 and became the first Finnish listed restaurant company, has continued to grow strongly throughout its history. The Group companies include more than 130 restaurants, nightclubs and entertainment centres all over Finland. Well-known restaurant concepts of the Group include Stefan's Steakhouse, Viihdemaailma Ilona, Classic American Diner and Colorado Bar & Grill. In 2017, Restamax Plc's turnover was MEUR 185.9 and EBITDA MEUR 22.4. Depending on the season, the Group employs approximately 2,400 people converted into full-time workers. Restamax's subsidiary Smile Henkilöstöpalvelut Oy employs approximately 9,000 people per month.
Restamax company website: www.restamax.fi, Restamax consumer website: www.ravintola.fi, Smile Henkilöstöpalvelut: www.smilepalvelut.fi
Restamax Plc: CHANGES TO RESTAMAX'S BOARD OF DIRECTORS AND
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