Lennart Simonsen appointed CapMan's new CEO

CapMan Plc Stock Exchange Release 30 March 2010 8.30 a.m.


Lennart Simonsen appointed CapMan's new CEO

Lennart Simonsen (LL.M) has been appointed CEO of CapMan Plc and a Senior Partner of the company as of 1 June 2010.

Simonsen (born 1960) will join CapMan from Roschier, Attorneys Ltd., where he has been a Partner since 1999. He served as the company's Managing Partner between 2001 and 2009, during which time the firm created a partnership network in the Baltic countries and established a successful office in Stockholm. Today, Roschier employs a total of some 270 people, of whom 70 are based in Stockholm. Simonsen has represented numerous Finnish and international private equity investors in the M&A field since 1993. Prior to working for Roschier, Simonsen was Managing Partner at Castrén & Snellman.

"Lennart Simonsen is an experienced manager, and Roschier has grown into an international partnership during his time with the company. He has proved himself an innovative and successful leader of an expert organisation. Lennart has in-depth knowledge of the business world and has been involved in numerous M&A transactions involving private equity investors. I believe that, under Lennart, CapMan will be able to build on the work that we have done in recent years to develop our business very effectively. I look forward to working with him," says CapMan's current CEO, Heikki Westerlund, who will be proposed as the new Chairman of the company's Board of Directors at the AGM to be held on 30 March 2010.

"I am very much looking forward to the challenge of leading the listed company CapMan," says Lennart Simonsen. "I hope that my some 10 years of experience in heading up an expert organisation as Managing Partner will provide a strong foundation for my work at CapMan. I have followed CapMan's activities and growth for a long time, and believe that CapMan has succeeded in creating a strong presence as a private equity investor in the Nordic region and Russia, and that its personnel represent some of the best in the field. Working with the kind of talented people that CapMan has is always very inspiring."

Further information:

Heikki Westerlund, CEO until 31 May 2010, on tel. +358 207 207 504 or 0358 50 559 6580

Lennart Simonsen, CEO as of 1 June 2010, on tel. +358 20 506 6000

CAPMAN PLC


Mari Reponen
Communications Director
Investor Services


DISTRIBUTION
Helsinki Stock Exchange
Principal media
www.capman.com

CapMan

CapMan is one of the leading alternative asset managers in the Nordic countries and Russia and manages private equity funds with approximately EUR 3.6 billion in total capital. CapMan has six investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science, CapMan Russia, CapMan Public Market and CapMan Real Estate), and each of them has a dedicated team and funds. Altogether CapMan employs approx. 150 people in Helsinki, Stockholm, Copenhagen, Oslo and Moscow. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.

Share on LinkedIn Share on Twitter