Sanoma Corporation, Stock Exchange Release, 5 August 2016 at 8:30 CET+1

Markus Holm (48), M.Sc. (Econ.) has been appointed Chief Financial Officer and Chief Operations Officer of Sanoma Corporation. The appointment will take effect on 1 February 2017. Mr. Holm will be responsible for Group Finance and Service Functions and be a member of Sanoma’s Executive Management Group. He will report to Sanoma’s President and CEO Susan Duinhoven.

Markus Holm joins Sanoma from Metsä Group, where he has acted as CFO of Metsä Board Corporation since 2014 and of Metsä Tissue Corporation from 2008 to 2013. Prior to working for Metsä Group, he was Finance and ICT Director of GlaxoSmithKline Oy, and before that he worked for more than ten years in Huhtamäki Group in various managerial positions in finance, treasury, global sourcing and investor relations.

“As a leading consumer media and learning company with strong local presence and brands, Sanoma is well positioned for the ongoing digital transformation. Therefore, I’m excited to join at this moment in its transformation”, says Markus Holm.

As agreed in the employment contract, Sanoma’s current CFO Kim Ignatius will retire by the end of 2017 at the age of 61. After the appointment of Markus Holm, Kim Ignatius will continue as Executive Vice President and support Sanoma Group in strategic and operational management. He will continue to be a member of the Executive Management Group.

“We are delighted to welcome Markus Holm. His solid financial background and strong business acumen will make him a very valued member of our Executive team. I am very pleased that we have the opportunity for such a good hand-over period thus avoiding any discontinuity”, says Susan Duinhoven.

Additional information
Communications Director Hanna Johde, tel. +358 40 673 8977.

About Sanoma

Sanoma is an inspiring, relevant and trusted consumer media and learning company.  Ever since its formation in 1889, the company has held creativity and independent thinking at its core in order to deliver high-quality content in new and different ways.

Sanoma’s consumer media business provides consumers with engaging and personalised content through cross-media brands that touch their lives. Sanoma’s close relationships with its consumers enable the company to offer unique value-added marketing solutions to its business partners.

Sanoma Learning’s learning solutions enable teachers to excel at developing the talents of every child, creating opportunities for children to advance their prospects in life.

With operating companies in Finland, the Netherlands, Belgium, Poland and Sweden, Sanoma realised net sales of more than EUR 1.7 billion in 2015. The company employed over 6,000 employees.