Aspo Oyj : New Managing Director for ESL Shipping Ltd

            Aspo Oyj : New Managing Director for ESL Shipping Ltd

ASPO Plc     STOCK EXCHANGE BULLETIN     January 8, 2013 at 16:00

Markus Karjalainen, Managing Director of ESL Shipping Ltd., part of Aspo
Group, has announced that he will resign from his position. Lasse Rikala,
M.Sc. (Econ.) (age 61) has been appointed as the acting Managing Director of
ESL Shipping Ltd until further notice. Lasse Rikala is a board member of ESL
Shipping Ltd. The recruitment process for a new Managing Director has

Lasse Rikala has solid experience in the shipping sector. He was the CEO of
Crystal Pool Oy in 1995-2010 and has been the CEO of Navicon Shipping Oy since

ESL Shipping Ltd transports dry bulk materials, mainly in the Baltic Sea
region; in 2012, it transported approximately 10.4 million tons. The cargo
mainly consists of ore, coal and limestone. The steel industry's share of
transport was 57 percent, and the energy industry represented 31 percent. At
the end of 2012, the company's fleet consisted of 14 vessels, of which the
company owned 12 in full. One was leased and one partially owned.


Aki Ojanen

Further information:
Aki Ojanen, CEO, tel. +358 9521 4010

Key Media

Aspo is a conglomerate that owns and develops business operations in Northern
Europe and growth markets focusing on demanding B-to-B customers. Our strong
company brands - ESL Shipping, Leipurin, Telko and Kaukomarkkinat - aim to be
the market leaders in their sectors. They are responsible for their own
operations, customer relationships and the development of these. Together they
generate Aspo's goodwill. Aspo's Group structure and business operations are
continually developed without any predefined schedules.


This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: Aspo Oyj via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.