CHANGE IN MANAGEMENT OF METSO'S FIBER TECHNOLOGY BUSINESS GROUP
Mr Lars Näsman, President of Metso Corporation's Fiber Technology Group and Executive Vice President of Metso's Fiber and Paper Technology business area, Valmet, has resigned from these positions of his own volition and will leave the company on January 18, 2000. Mr Näsman is leaving the company after 25 years' employment in Rauma Corporation, which was merged with Valmet on July 1, 1999. For the past 14 years he has been President and CEO of Sunds Defibrator, which is now part of Metso's fiber and paper technology business area.
The Fiber and Paper technology business area will start immediately actions to arrange the management of the business group as soon as possible.