Stock exchange release
Free for publication on December 9, 2022, at 8.00 am (CET+1)
In Oulu, Finland, December 9, 2022 – The Board of Directors of Bittium Corporation has appointed Johan Westermarck, Lic.Sc. (Econ), M.Sc. (Eng), as the Company's CEO as of April 1, 2023. Johan Westermarck has most recently served as CEO of Citec Group Oy Ab. Before this, Westermarck worked in several business management positions, such as the CEO of Maintpartner Group and management positions in the business operations of Eltel Networks Oy and Ahlstöm Machinery Oy.
"I warmly welcome Johan Westermarck. He is a highly experienced leader with a long international background," says Erkki Veikkolainen, the Chairman of the Board of Directors of Bittium Corporation.
"I am looking forward to my new position. Bittium's extensive know-how and world-class products enable great opportunities to build the future," says Johan Westermarck.
The current CEO of Bittium Corporation, Hannu Huttunen, announced on October 17, 2022, that he would leave the position of the company's CEO. Huttunen will continue in his position until March 31, 2023, after which he will continue as an advisor to the company's Board of Directors until the end of 2023.
Oulu, Finland, December 9, 2022
The Board of Directors of Bittium Corporation
Chairman of the Board of Directors
Tel. +358 40 344 2789
Bittium specializes in the development of reliable, secure communications and connectivity solutions leveraging its over 35-year legacy of expertise in advanced radio communication technologies. Bittium provides innovative products and services, customized solutions based on its product platforms and R&D services. Complementing its communications and connectivity solutions, Bittium offers proven information security solutions for mobile devices and portable computers. Bittium also provides healthcare technology products and services for biosignal measuring in the areas of cardiology and neurophysiology. Net sales in 2021 were EUR 86.9 million and operating profit was EUR 3.2 million. Bittium is listed on Nasdaq Helsinki. www.bittium.com
Johan Westermarck Has Been Appointed CEO of Bittium Corporation as of April 1, 2023 (wkr0006.pdf)