Nexstim announces management changes

HELSINKI, Finland – Feb. 16, 2012 -- The CEO of Nexstim Oy Richard Karroum has resigned from his position. The reason for Mr. Karroum's resignation is deeply personal; he resides in Sweden and the constant travelling to Finland is not possible with his current family situation.

Nexstim Oy's management group led by CFO and acting CEO Janne Huhtala will jointly handle all the operational issues from now on. The Board of Directors of Nexstim Oy strongly feels that the committed management group of the company is well positioned to successfully execute the strategy in the future.

Further information

Janne Huhtala, CEO
p. +358 40 861 5046