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Nammo AS : Adjustments in Nammo's business unit structure and Group Management

RAUFOSS, Norway, Dec. 22, 2015 (GLOBE NEWSWIRE) -- The Nammo Group, a specialized defense and aerospace group has announced changes to its business unit structure and to its Group Management.

The company will be structured around six business units instead of five. This is in-line with the Group's high priority on product innovation and profitable growth.

The following changes will be in effect as of 1 January 2016:

  1. Commercial Ammunition (CA) will cover all ammunition and components for sport, hunting and competition shooting. The unit will be led by Executive Vice President, Raimo Helasmäki.
  2. Small and Medium Caliber Ammunition (SMCA) will cover military small and medium caliber ammunition, hand grenades and related components. The unit will be led by Executive Vice President, Reijo Bragberg.
  3. Large Caliber Ammunition (LCA) will cover all naval ammunition and large caliber ammunition and components for artillery, tanks and mortars. The unit will be led by Executive Vice President, Vegard Sande.
  4. Shoulder Fired Systems (SFS) will cover all shoulder fired systems within the group. The unit will be led by Executive Vice President, Chad Parkhill.
  5. Aerospace Propulsion (AP) will cover all rocket motors for military and space purposes including energetic material solutions (EMS) and warheads. The unit will be led by Executive Vice President, Frank Møller.
  6. Demil, Sea Safety and Services (DSS) will cover all demilitarization processes, services and sea safety products. The unit will be led by Executive Vice President, Urban Öholm.

The Executive Vice Presidents leading each business unit will all report to Morten Brandtzæg, President and CEO of the Nammo Group.

The adjustments are intended to further increase efficiency and strengthen the market position of the Group

For further information, please contact:
Sissel Solum
Senior Vice President Communication
Nammo Group
+47 95 05 12 20

info@nammo.com
www.nammo.com

HUG#1975327

Source: Nammo AS