9/11/2007

New President and CEO for Orion Corporation as of 1 January 2008

President and CEO of Orion Corporation Jukka Viinanen will retire on 29 February 2008 and will as of 1 January 2008 step aside from the position of President and CEO to act as a Senior Advisor to the Board of Directors of the company until his retirement. Timo Lappalainen has been appointed as the new President and CEO of Orion Corporation as of 1 January 2008.
 
President and CEO of Orion Corporation Jukka Viinanen will retire on 29 February 2008 as agreed between him and Orion Corporation. As of 1 January 2008 he will step aside from the position of President and CEO to act as a Senior Advisor to the Board of Directors of Orion Corporation until his retirement.
 
The Board of Directors of Orion Corporation has as of 1 January 2008 appointed M.Sc. (Eng.) Timo Lappalainen (b. 1962), who currently holds the position of Senior Vice President responsible for Orion's Proprietary Products and Animal Health business divisions, as the new President and CEO of the company and as the Chairman of the Executive Management Board of the Orion Group. Mr. Lappalainen has joined Orion in 1999 as Senior Vice President, Business Development of Orion Pharma, also in charge of the business division's Finance and IT. In 2003 he was appointed Senior Vice President of the business division Orion Pharma with the responsibility of the human pharmaceuticals business. Since 2004 also the Animal Health business has belonged to his responsibilities. Since 2005 Mr. Lappalainen has been responsible for Orion's Proprietary Products and Animal Health businesses. Mr. Lappalainen has been a member of the Executive Management Board of the current Orion Group since its beginning, 1 July 2006. Before his career in Orion, Mr. Lappalainen has worked among others as a consultant with Arthur Andersen in the United States, as the Head of Business Development with Finvest Oy, and as a head of several functions with the pharmaceutical company Leiras Oy.
 
 
Orion Corporation
 
  
Jukka Viinanen                                            Olli Huotari
President and CEO                                      Senior VP, Corporate Functions
 
 
Contact persons:
Matti Kavetvuo, Chairman of the Board of Directors, tel. +358 10 426 3710 / Dorothy Konn
Jukka Viinanen, President and CEO, tel. +358 10 426 3710 / Dorothy Konn
Timo Lappalainen, Senior Vice President, tel. +358 426 2138 / Tarja Nurmi
 
 
A picture of Timo Lappalainen is provided on Orion's homepage www.orion.fi 
 
Publisher:
Orion Corporation
Communications
Orionintie 1A, FI-02200 Espoo
Homepage: www.orion.fi

Timo Lappalainen