Uponor: Executives Rytilahti and Norbäck to retire

Uponor Corporation’s former President and CEO, Mr Jarmo Rytilahti, retires today on 10 September 2004, under the terms of his executive contract, upon reaching the age of 60. Rytilahti stepped down as CEO on 1 August last year, assuming the role of Senior Executive Advisor and reporting to Mr Pekka Paasikivi, Chairman of the Board.
Rytilahti served Uponor for 22 years, of which 8 years as Deputy CEO and 12 years as President and CEO.

Uponor’s Real Estate segment, which has reported to Rytilahti, will as of today be assigned to Mr Jyri Luomakoski, Deputy CEO and CFO.

Mr Kari Norbäck, member of Uponor’s Executive Committee, will retire, under an earlier agreement, on 1 January 2005. Norbäck is currently responsible for the company’s strategy, product and systems development and technology. He has been employed by Uponor for 31 years.
Effective as of 1 November 2004, Norbäck’s responsibilities in the Executive Committee will be assigned as follows:
- Jyri Luomakoski, Deputy CEO and CFO, will be in charge of strategic planning
- Mr Georg von Graevenitz, Executive Vice President, Marketing, will be in charge of product and systems development
- Mr Lauri Rintanen, Executive Vice President, Supply Chain, will be in charge of technology.

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