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2003-06-19

Hannu Ryöppönen leaves Industri Kapital to join Ahold

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Hannu Ryöppönen, Finance and Administration Director of Industri Kapital has resigned in order to pursue a position as Chief Financial Officer of Ahold, the food retailer and foodservice operator based in the Netherlands. He will leave his Industri Kapital position after the summer.

“We thank Hannu for his contributions to Industri Kapital during the last few years, including building the finance and administration function further. We wish him the best of luck in his future endeavours now as he returns to the retail sector, joining one of the world’s largest food retailers”, says Björn Savén, Chief Executive of Industri Kapital.

For further information please contact:
Anne Holm Rannaleet, Information Director, Industri Kapital, +46 8 678 95 50

About Industri Kapital

Industri Kapital is a leading European private equity firm with Nordic roots, managing over 3 billion euro in fund commitments. Since 1989, Industri Kapital has acquired 46 European companies. The current portfolio encompasses 25 companies with a total turnover exceeding 11 billion euro.

Industri Kapital mainly invests in mid-sized companies with strong market positions and profit improvement potential operating in mature and stable industries. Industri Kapital creates long-term value through active ownership and operational improvement in the acquired businesses, working in close partnership with portfolio company management.

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