Business News
Tieto announces change of President and CEO
Thursday 28. April 2011 - Tietos Board of Directors and Hannu Syrjälä, President and CEO, have jointly agreed that Syrjälä will leave his position as President and CEO as of today. The reason for the change is Tietos unsatisfactory financial and operational development.
Ari Karppinen (born 1957), Executive Vice President, Managed Services and Transformation in Tieto, has been appointed acting President and CEO as of 28 April. The Board of Directors has already initiated a process for recruiting the new President and CEO.
“Under Hannu Syrjäläs leadership Tieto started a major transformation three years ago. During this period, Tieto has transformed from a decentralized company into an integrated business model. The Board extends its gratitude to Hannu Syrjälä for his commitment to drive change and develop the company,” says Markku Pohjola, Chairman of the Board of Directors.