Proventia Group Oyj

Gary L. Collar Joins Proventia Group Board of Directors

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Proventia Group is pleased to announce the election of Gary L. Collar as a new member of its Board of Directors, as decided at the Annual General Meeting held on April 15, 2024. In addition to Proventia’s Board, Mr. Collar will also serve as an Independent Director and the Chairperson of the Compensation and Management Committee at Hillenbrand Inc.

Mr. Collar has had a successful career over several decades, especially in the agricultural machinery industry. He has served as the Senior Vice President and General Manager of the Asia Pacific and Africa Region at AGCO Corporation. Before this role, he held the position of Senior Vice President and General Manager covering Europe, Africa, and the Middle East at AGCO. He has also served as Vice President of Market Development for Challenger Division at AGCO. His career also includes senior management positions at ZF Friedrichshafen A.G and ZUA Autoparts.

Now, Mr. Collar is bringing his extensive experience in international business and global markets and his leadership skills to Proventia Group’s board. His prior board memberships include Tractors and Farm Equipment Limited, Chennai, India, and AGCO Finance Corporation.

Harri Suutari (Chairperson), Lauri Antila, Kalle Kekkonen, Johnny Pehkonen, Tommi Salunen, and Erja Sankari will continue on the Board of Directors of Proventia.

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Gary L. Collar
Gary L. Collar
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Proventia Group is a technology company operating in global markets. Proventia develops and manufactures systems and components that reduce the emissions of off-road machines and improve their energy efficiency, and modular test centers for the development and testing of batteries and hydrogen fuel cells. Company's customers include the leading global names of the  off-road machinery and vehicle industry. Proventia takes people, the environment and future generations into account in all of its operations, with zero emissions being the company's vision.  

The company employs approximately 200 industry professionals in Finland, the Czech Republic, and the UK. www.proventia.com

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Latest releases from Proventia Group Oyj

Proventia Group Oyj:n puolivuosikatsaus tammi-kesäkuu 202430.8.2024 09:00:00 EEST | Tiedote

Odotuksia hitaampi kasvu sekä testausliiketoiminnan rakennemuutos näkyivät liikevaihdossa ja kannattavuudessa Huhti-kesäkuu 2024 lyhyesti Konsernin liikevaihto laski 6,3 % edellisvuodesta 13,3 miljoonaan euroon (14,2 miljoonaa euroa) Liikevoitto oli 1,4 miljoonaa euroa (1,8 miljoonaa euroa) Kauden tulos oli 1,1 miljoonaa euroa (1,4 miljoonaa euroa) Osakekohtainen tulos (laimentamaton) oli 0,07 (0,09) Tammi-kesäkuu 2024 lyhyesti Konsernin liikevaihto laski 12,3 % edellisvuodesta 24,3 miljoonaan euroon (27,7 miljoonaa euroa) Liikevoitto oli 1,7 miljoonaa euroa (2,6 miljoonaa euroa) Kauden tulos oli 1,2 miljoonaa euroa (2,1 miljoonaa euroa) Osakekohtainen tulos (laimentamaton) oli 0,07 (0,13) Konsernin henkilöstön määrä kesäkuun lopussa oli 213 (203) Suluissa olevat luvut viittaavat edellisvuoden vastaavaan kauteen.

Proventia Group Corporation's Half-Year Business Report January-June 202430.8.2024 09:00:00 EEST | Press release

Slower-than-expected growth and structural change in the Test Solutions business were reflected in net sales and profitability April–June 2024 in brief The Group’s net sales decreased by 6.3% from the previous year to EUR 13.3 (14.2) million. Operating profit was EUR 1.4 (1.8) million. Profit for the period was EUR 1.1 (1.4) million. Earnings per share (undiluted) were EUR 0.07 (0.09). January–June 2024 in brief The Group’s net sales decreased by 12.3% from the previous year to EUR 24.3 (27.7) million. Operating profit was EUR 1.7 (2.6) million. Profit for the period was EUR 1.2 (2.1) million. Earnings per share (undiluted) were 0.07 (0.13). The group had 213 (203) employees at the end of June. The figures in brackets refer to the same period in the previous year.

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