Press release, 12 November 2019 at 10 a.m.
The Board of Directors of Indoor Group has appointed Juha Saarinen, Chairman of the Board, as interim CEO of the company as of 1 December 2019. Pasi Kohmo will continue as the CEO of the company until 30 November 2019. The Board of Directors has initiated an application process to select a new CEO.
The Board would like to thank Pasi Kohmo for his contribution to the company. During his term as CEO, Indoor Group has continued to develop its resources and internal processes, which are expected to improve long-term operational efficiency.
SIEVI CAPITAL OYJ
Indoor Group is a leading retailer of home furniture and interior decoration products in Finland and Estonia. The Group includes the retail chains Asko and Sotka in Finland and Estonia and the sofa factory Insofa Oy.
Sievi Capital is a listed (Nasdaq Helsinki) private equity firm that invests in small and medium-sized Finnish companies. Sievi Capital is a partner of portfolio management and co-owner who, as an active owner, supports the growth, profitability, and value creation of portfolio companies.