Stock Exchange release January 29, 2003 09:06:45 AM CET
BERTEL LANGENSKIÖLD TO BECOME PRESIDENT OF METSO MINERALS
Metso Corporation's Board of Directors has appointed Bertel Langenskiöld (52), M. Sc. (Eng), as the President of Metso Minerals, the rock and mineral processing business area of Metso Corporation. He will also become a member of the Executive Board. Bertel Langenskiöld is currently the President and CEO of Fiskars Corporation. Langenskiöld will start in this position at a date which will be confirmed later.
Olli Vaartimo, currently President of Metso Minerals, will become Executive Vice President and CFO of Metso Corporation at the latest on 1 May 2003 when Sakari Tamminen will join Rautaruukki.
Fiskars Corporation is a Finnish metal and engineering company listed on the Helsinki Exchanges. In 2001, net sales of the company amounted to EUR 762 million and the amount of personnel was approximately 4500.
Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket services. The corporation's core businesses are fiber and paper technology (Metso Paper), rock and mineral processing (Metso Minerals) and automation and control technology (Metso Automation). In 2001, the net sales of Metso Corporation were EUR 4.3 billion and the personnel totaled approximately 30,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.