The acting President and Chairman of STX Finland, Mr Su-Jou Kim, has decided to reorganize STX Finland´s management group to improve the efficiency, synergies and competitiveness of STX Finland. 

Mr Jyrki Heinimaa has been appointed Executive Vice President and CFO (Chief Financal Officer) of STX Finland Oy. He will be responsible for the following functions: accounting & finance, communication, synergies and strategy. In addition Mr Heinimaa is responsible for the new business areas such as wind power. Mr Heinimaa has been with STX Finland in various management positions for 15 years.

Mr Timo Suistio has been appointed Executive Vice President and COO (Chief Operating Officer) of STX Finland Oy and also shipyard director of the STX Rauma Shipyard. Mr Suistio will be responsible for the following functions of STX Turku Shipyard and STX Rauma Shipyard: sales, purchasing, design and production. Mr Suistio has been with STX Finland for 30 years, including 4 years as head of the STX Rauma Shipyard.

Mr Heinimaa and Mr Suistio bring with them broad experience, strong knowledge and continuity related to STX Finland and its business. They will both report to Mr Su-Jou Kim. The appointments are effective May 1, 2011.