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Change of CEO in CPS Color Group

By Tim Wright | April 1, 2009

The president and CEO of CPS Color Group Oy Arto Metsänen has decided to leave CPS Color and take on new external responsibilities.

The president and CEO of CPS Color Group Oy Arto Metsänen has decided to leave CPS Color and take on new external responsibilities. For an interim period board director Henrik Lif has been appointed CEO effective March 31, 2009. The board has initiated a search for a new permanent CEO.

“During Arto’s three years as CEO, CPS Color has experienced a fantastic development. Sales have grown by 30% through new innovative products and new customer groups. On behalf of the board of directors, I would like to express our appreciation for Arto’s achievements,” said Jorma Halonen, chairman of the board. As Arto has now decided to move on, the board of directors has assigned Henrik Lif to be the interim CEO. Henrik has detailed knowledge of the company and its market and has been working closely with the management team since Nordic Capital Fund VI’s acquisition of the company last year.”

“It has been three exciting years with CPS Color and I feel that it is now time to move on to other engagements,” said Arto Metsänen. “Henrik and I have had a close relationship during the past year and I am convinced that he will provide good continuity during the interim period.”

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