Finnair-sjefen går av

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Finnair Plc - Press release
Finnair's President & CEO resigns

Finnair's President & CEO Jukka Hienonen has
resigned from his post.
“My four years in Finnair's service has included both
periods of success as well as the increasingly adverse development of the entire
sector, and now a clear change of course is required. I am not satisfied with
the results achieved; the rate of change has been insufficient,” says President
& CEO Hienonen.
“Many structures as well as the company's culture have been
formed in totally different conditions. With these we cannot do well in the
present competitive environment, but changing them has proved to be extremely
difficult. Some personnel organisations have shown no willingness to adapt.”
“Finnair has a good and effective strategy, on which it would be possible to
build future success. It will require a lot of work and also a completely
different way of thinking in terms of working conditions. Finnair has many
expert personnel and an excellent management team, with whom I have been able to
work. I wish to extend to them my warm thanks.”

Finnair's Board of Directors
regrets Jukka Hienonen's resignation.
“The decision is entirely President & CEO
Hienonen's own. I am sorry at his decision, because cooperation between Jukka
and the board has always been excellent,” says Christoffer Taxell, Chairman of
Finnair's Board of Directors.

Jukka Hienonen continues as President & CEO for
the time being. The period of notice in Hienonen contract is six months. Because
Hienonen's resignation is at his own request, no severance pay will be paid.
Finnair Plc
Communications
7 August 2009