Markku Hirvonen appointed as new CEO of VTI Technologies

The Board of Directors of VTI Technologies Oy has appointed Mr. Markku Hirvonen (47) as the new President and CEO of the company as of 1st April 2007. Markku Hirvonen joins VTI from the position of General Manager of Customer Support Service Business at Nokia Networks. He has held various senior managerial positions at Nokia, and prior to that at Fujitsu Siemens Computers.

VTI’s current President and CEO, Mr. Hannu Martola, resigns as of 31st March 2007. Under Hannu Martola’s leadership VTI has grown substantially, and the company has become a global market leader in various sensor applications.

“I am excited to join the VTI team. The company is well-positioned and has all credentials to capture substantial growth opportunities in the sensor arena”, says Markku Hirvonen.

Further information
Tiina Olkkonen, VP Corporate Communications, VTI Technologies Oy, tiina [dot] olkkonen [at] vti [dot] fi , +358 40 827 8844

VTI in Brief

VTI Technologies is a global market leader of low-g acceleration sensors for automotive industry applications and Cardiac Rhythm Management (CRM). Application areas for the company's motion and pressure sensors include the automotive industry, sports & wellness, medical & instruments as well as handheld terminals.

VTI develops and produces silicon-based capacitive sensors using its proprietary 3D MEMS (MicroElectroMechanicalSystem) technology, with application areas in acceleration, inclination, shock, vibration, angular rate and pressure measurement.

VTI is owned by EQT III private equity fund. VTI's net sales in 2005 totaled EUR 75 million and the company has approx. 700 employees. Along with the head office in Finland and the global partner network, VTI's international sales and marketing network includes offices in Germany, USA, Japan and China. Besides Finland, VTI also has manufacturing operations in Mexico. More than 99% of the company's products are sold on international markets.


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