Matti Rihko has resigned from his position as Raisio’s CEO. Rihko and Raisio’s board of directors have agreed that Rihko may renounce his position with immediate effect. Rihko has has been Raisio’s CEO since November 2006. The board of directors said they will immediately begin the search process for a new CEO. In the interim, Jarmo Puputti assumes the role.

“The Board of Directors wants to thank Matti Rihko for his ten years’ term and his excellent work for Raisio’s renovation and internationalisation,” said Matti Perkonoja, Chairman of the board of directors. “Since 2006, Raisio shareholders have nearly tripled the value of their investment due to the share price increase and the nine years of increased dividends. We wish Matti Rihko the best of success in his future endeavours.”