Vacon is developing its organization. The restructuring is a response to the needs brought about by growth. The parent company Vacon Plc is divided into two functional entities: The Vacon Drives Finland Profit Centre and Global Group Management. At the same time, the company also reforms its Products and Markets organization. The new organization will be in effect from 1 June 2010.

The new Vacon Drives Finland Profit Centre will include the production operations of the Vaasa factory in Finland as well as the Finland R&D, product management and maintenance and after sales functions related to the products manufactured in Vaasa.

Jukka Kasi has been appointed Vice President of Vacon Drives Finland. Kasi will also continue as a member of Vacon’s Management Team responsible for Group-level development projects.

”The change will bring a harmonized management system to every locality where Vacon has production and R&D activities, thus better supporting the growth objectives of our company,” says Vesa Laisi, President and CEO of the Vacon Group.

At the same time, Vacon’s global product marketing will be divided into two lines: motor control AC drives and AC drives for renewable energy production. ”With this restructuring, we seek to create an unambiguous organizational structure that supports our determined efforts for growth, both in the field of traditional motor control and that of renewable energy production,” says Heikki Hiltunen, Executive Vice President responsible for products and markets.

Vacon in brief

Vacon is driven by a passion to design, manufacture and sell only the best AC drives on the planet — and nothing else. AC drives can be used to control electric motors or to help generate power from renewable sources. Vacon has R&D and production units in Finland, the United States, China and Italy, and sales offices in 27 countries. In 2009, Vacon had revenues of EUR 272 million and globally employed 1,200 people. Vacon’s shares (VAC1V) are listed and publicly traded on the Helsinki Stock Exchange.

Driven by Drives, www.vacon.com

Vacon Plc

Further information

• Vesa Laisi, President and CEO, tel. +358 40 8371 510
• Sebastian Linko, Director, Corporate Communications, tel. +358 40 8371 634