Klaus Rauhansalo Appointed Acting CEO of FootBalance

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The board of FootBalance has appointed CFO Klaus Rauhansalo as Acting CEO from the beginning of June. FootBalance´s current President & CEO Tom Jungell has made a decision to move on to new challenges. Tom Jungell has been with the company since 2011.

"Under Tom´s management the company has been developing positively and continued it´s international growth in new market areas. I want to thank Tom for his efforts and wish him all the best with his new challenges,” Founder Erkki Hakkala says.

After it´s commercial launch in 2007, FootBalance has grown from a domestic Finnish company into an international player. In 2010 the Swedish private equity company Scope invested in FootBalance and became a large shareholder. Today FootBalance´s products are sold by over 1 000 retailers in 24 countries.

Andres Ossmark, Partner at Scope expressed his satisfaction with the company’s growth: “FootBalance has entered a number of potential growth markets in both Europe and Asia this year. The future looks very promising.”

Klaus Rauhansalo has a long career and extensive experience from both large corporations and startup companies. “I thank the board for this vote of confidence. I will do my utmost to the keep the business rolling normally during this transition,” Rauhansalo says.

More information:

Acting CEO, Mr. Klaus Rauhansalo, +358 40 751 5861

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