30 June 2017 Dry Bulk | Engineering & Equipment The CEO of Mantsinen Group Ltd Oy will change on 1 July 2017. The current CEO, Martti Toivanen, will retire and Mia Mantsinen (M.Sc. (Econ.), EMBA) has been chosen to be the new CEO. Mia Mantsinen has a career spanning over a decade as CFO of the group, then as Sales and Marketing Director and finally as Vice President of the Material Handling Machinery unit. “I have experienced a lot — and learned even more. It is a great honour and a great responsibility to become CEO of our family company. Mantsinen already has a history spanning over 50 years, during which we have continually improved the logistical efficiency of our clients,” says Mia Mantsinen. EXPANSION OF OPERATIONS During recent years, the company has especially focused on the development and expansion of operations. “The time has come to take time for myself and my family. It is a joy to leave this company in good shape for Mia. I am also glad we found a new CEO from within our family company in order to continue our work for the good of our clients and the company,” states outgoing CEO Martti Toivanen. NEW EXECUTIVES Even though Mantsinen’s business is about heavy industry and the flow of goods, it is still based on human knowledge and is very much a person to person business. In a family company everyone has a face: employees, partners, clients and owners alike. One example of this is the selection of new executives from within the organization. Accordingly, Mia Mantsinen’s post as VP, Material Handling Machinery unit will be handed over to Tapio Pirinen, currently an Area Sales Directors of the unit, at the beginning of July. MANTSINEN GROUP LTD OY Founded: 1974, entrepreneurs since 1963areas of business: Logistic services for industry, manufacturing and development of material handling cranes and their attachmentshead office and manufacturing plant: Yla¨mylly, Liperi, Finland. Subsidiaries in St. Petersburg, Russia and Gothenburg, Sweden.main shareholders:Veli Mantsinen, Mia Mantsinen, Mikko Mantsinen The turnover of the group grew significantly in 2016 to €55.7 million. Further growth is expected following the launch of the world’s largest hydraulic harbour crane, Mantsinen 300, which took place in March. Additionally, Mantsinen will begin logistic services at Metsa¨ Fibre’s new bioproduct mill in the summer of 2017. The economic upturn was already felt by Mantsinen during 2016 and the company believes that domestic and Russian sales as well as exports will develop positively in the near future. Mantsinen group currently has over 450 employees, 250 of them working in Finland.