Boreo Oyj simplified its organizational structure and combines the existing Technical Trade and Heavy Machines business areas to one new Technical Trade business area effective as of 1 January 2024. In connection with this change, the number of members in the Group Management Team reduces from seven to six. Boreo has agreed with Janne Silvennoinen - SVP, Head of Technical Trade and member of the Group?s Management Team - of the termination of his employment.

Jesse Petäjä, SVP M&A, and Richard Karlsson, SVP, Head of Heavy Machines, have been appointed as Co-Heads of the new Technical Trade business area. Mr. Petäjä continues to be responsible for the firm?s M&A function.