3/5/2020

Orion Corporation: Change in Orion Group Executive Management Board as of 1 April 2020

Orion Corporation: Change in Orion Group Executive Management Board as of 1 April 2020

ORION CORPORATION       STOCK EXCHANGE RELEASE       5 MARCH 2020 at 10.25 a.m. EET             
         

Orion Corporation: Change in Orion Group Executive Management Board as of 1 April 2020

Dr. Christer Nordstedt, M.D., Ph.D, Senior Vice President for Research and Development of the Orion Group and member of the Executive Management Board of the Orion Group has announced that he will resign from his position at Orion for family reasons as of 1 April 2020. He has been in his position at Orion since February 2017.

Orion has started the recruiting process of  the successor to Dr. Nordstedt. Until  the appointment of the successor to Dr. Nordstedt, Minna Ruotsalainen is the acting Senior Vice President for Research and Development as of 5 March 2020. Her current position is Vice President, Project and Portfolio Management & Global Regulatory Affairs in Orion’s Research and Development line organisation. Ruotsalainen is not a member of the of the Executive Management Board of the Orion Group.

Timo Lappalainen, President and CEO, says:
"With Christer Nordstedt's leadership for the past years, Orion's Research and Development operations have further developed into a recognized world-class organization focusing in certain central nervous system disorders as well as in certain oncology indications. In addition, Orion’s inhaled Easyhaler pulmonary drugs and rare diseases are important focus areas for us. It is my pleasure to thank Christer for his excellent work as the leader for Orion's Research and Development operations. His international career has provided many good renewals and visions to our organisation”.

"I want to thank all my colleagues for the past years at Orion and in my wide partnership network. Family reasons will take me next to the United States. However, I surely will follow the development of the R&D pipeline of Orion also in the future. It has been great to be a part of a world-class R&D team at Orion. I am confident that Orion will continue to develop both clinically relevant new pharmaceutical products and high quality generic products for the patient’s best", says  Dr. Christer Nordstedt.


Orion Corporation

 Timo Lappalainen
President and CEO
Olli Huotari
SVP, Corporate Functions
 

                                                                                                                                   
Contact person:
Timo Lappalainen, President and CEO, Orion Corporation
tel. +358 10 426 3692,  +358 50 966 3692
timo.lappalainen@orion.fi



Publisher:

Orion Corporation
Communications
Orionintie 1A, FI-02200 Espoo, Finland
http://www.orion.fi/en
http://www.twitter.com/OrionCorpIR

Orion is a globally operating Finnish pharmaceutical company – a builder of well-being. Orion develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients. The company is continuously developing new drugs and treatment methods. The core therapy areas of Orion's pharmaceutical R&D are central nervous system (CNS) disorders, oncology, Finnish heritage rare diseases and respiratory diseases for which Orion develops inhaled Easyhaler® pulmonary drugs. Orion's net sales in 2019 amounted to EUR 1,051 million and the company had about 3,300 employees at the end of the year. Orion's A and B shares are listed on Nasdaq Helsinki.