Stock Exchange & Press Releases 2004

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Elektrobit Group Oyj - CHANGES IN THE ELEKTROBIT GROUP'S EXECUTIVE BOARD

March 12, 2004

CHANGES IN THE ELEKTROBIT GROUP'S EXECUTIVE BOARD


Doctor of Engineering Hannu Hakalahti has been appointed Executive Vice President responsible for the Testing business unit and member of the Executive Board of the Elektrobit Group Plc. He also continues as the Managing Director of Elektrobit GmbH in Munich. Prior to this he held the professor's office at the Technical Research Centre of Finland and the associate professor's office at the University of Oulu.

 
In addition to Mr. Hakalahti members of the Group Executive Board include Juha Sipilä, CEO, Arto Pietilä, Executive Vice President, Contract R&D business unit, Juha Reinikka, Executive Vice President, Automation Solutions business unit, Jukka Harju, Executive Vice President, Business Development, Seppo Laine, Chief Financial Officer, Ritva-Liisa Niskanen, Executive Vice President, Strategic Resources and Päivi Vasankari, Executive Vice President, Legal.
 
Erkki Veikkolainen M. Sc (Eng.) has notified that he will not return to the Group's service after his sabbatical leave. Seppo Kuula B. Sc (Eng.) has resigned from his position as the Group's sales director.
 
 
Oulunsalo, March 12, 2004
 
Elektrobit Group Plc.
Juha Sipilä