Footbalance appoints new CEO
October 25, 2011
The Board of Directors of Footbalance is delighted to announce the appointment of Tom Jungell as new CEO. Mr. Jungell has more than 20 years experience in managerial sales and marketing roles with global companies. Most recently he held the position as CEO of Omnicon Media Group.
"Footbalance is an exciting growth company with great global potential. It´s very inspiring to become a part of the team and together ensure that more people can enjoy better foot comfort in sports and daily life," says Tom Jungell, incoming CEO.
"I look forward to enhance our presence with new and existing customers and to jointly develop new products and services that meet the end-users needs for better performance," Jungell continues.
"Tom has a striking track-record in successful company leadership. His background in sales and marketing will strengthen the company´s key functions as it grows internationally," says Roger Talermo, Chairman of Footbalance.
Mr. Jungell replaces the founder Erkki Hakkala, who will lead the R&D activities to further develop Footbalance's position as the most innovative company in its sector.
"I am pleased to hand the reigns over to Tom. I feel confident that Tom's management skills are essential in the transition from a growth company to recognized international player," adds Erkki Hakkala, Founder and Director of the Board.
Since its commercial launch in 2007 Footbalance has grown rapidly by offering custom molded footbeds and computer-aided analysis tools. As innovator in custom footbed technology Footbalance enables retailers to supply a superior service and products to enhance their consumer's performance and prevent injuries. Today Footbalance footbeds are available in 18 countries. Leading customers include Road Runner Sports, Sweatshop, GolfTown and Intersport.
For more information, please contact:
Tom Jungell, CEO Footbalance +358 50 549 8180
Roger Talermo, CoB Footbalance +358 40 555 9705
Andreas Ossmark, Director at Footbalance and Partner at Scope +46 701 89 62 02
About Footbalance
Footbalance System develops innovative custom-molded insoles that can be individually molded on the spot at sporting goods retailers in less than 10 minutes at a customer-friendly price. Launched in 2007, Footbalance has since grown from a domestic Finnish company into an international player whose products are currently sold in 18 countries on three different continents. Footbalance has subsidiaries in North America and Sweden. In the beginning of 2010 the Swedish private equity company Scope invested in Footbalance System.
For additional information, visit www.footbalance.com
About Scope
Scope Growth II L.P. is a private equity fund that, together with entrepreneurs, invests in building internationally relevant, Nordic-based companies that have unique, commercially-validated business models.As an active owner, Scope partners with managements to create companies with internationally scalable platforms that support sustainable growth. Scope currently manages two funds with aggregate capital in excess of 1.2 billion Swedish kronor.
For additional information, visit www.scope.se