Stock Exchange release February 17, 2000 01:00:00 PM CET

TOR BERGMAN APPOINTED METSO CORPORATION'S PRESIDENT AND CEO FROM JANUARY 1, 2001

The Board of Directors of Metso Corporation has appointed Tor Bergman as President and CEO of Metso Corporation effective January 1, 2001. Bergman is currently Chief Executive Officer of Raisio Group, Finland, since 1999. Earlier, he has been working in several management positions in Raisio Group and has wide experience for example in international chemical, pulp, paper and engineering industry. He has an M. Sc. in Engineering.

As earlier has been announced, Heikki Hakala will continue as Metso Corporation's President and CEO until his retiring on December 31, 2000.

The Board of Directors of Metso Corporation has decided to appoint Sakari Tamminen, currently Senior Vice President and CFO of Metso Corporation, as Executive Vice President effective March 1, 2000. Earlier, he was Executive Vice President of Rauma Corporation. He has an M. Sc. in Economics and Business Administration.

Matti Sundberg, member of the Board of Directors of Metso Corporation, will retire on August 1, 2000, according to his agreement.

Metso Corporation was created through the merger of Rauma and Valmet Corporation on July 1, 1999. Metso's business areas are fiber and paper technology, automation and control technology, and machinery. The net sales of Metso Corporation totaled EUR 3.4 billion in 1999 and it had approximately 23,000 employees. Metso Corporation is listed on the Helsinki Exchanges and the New York Stock Exchange.


Photo:
www.metsocorporation.com


CURRICULUM VITAE

TOR BERGMAN

Born, 1948

Education, M. Sc. (Eng), Åbo Akademi, Finland 1973

Current and previous positions

Raisio Group
Chief Executive Officer from November 1, 1999

- Managing Director, Rehuraisio Oy from 1999
- Managing Director, Raisio Benecol Oy, 1998
- Deputy CEO 1997 – 1999, Raisio Group
- Director, Benecol Division, 1997
- Managing Director, Raisio Chemicals Ltd, 1992 – 1999
- Director, Chemicals Division, Raisio Group, 1991 – 1992
- Managing Director 1983 – 1991, Jylhäraisio Oy
- Managing Director 1983 – 1984, Ekaraisio Oy


CURRICULUM VITAE

SAKARI TAMMINEN

Born, 1953

Education, M.Sc. (Econ), Tampere University, Finland

Current and previous positions

Metso Corporation
- Senior Vice President and Chief Financial Officer from July 1, 1999
Rauma Corporation
- Executive Vice President 1998
- Chief Financial Officer 1991 - 1998
- Rauma-Repola Engineering
- Vice President, Finance,1987 - 1991
Oy W. Rosenlew Ab, Metall Industries
- Vice President, Finance 1986 – 1987
Oy Tampella Ab
- Project Manager 1984 - 1986
Avonius Software Group
- Vice President, Finance, 1981 - 1984