Stock Exchange release February 2, 2005 11:33:09 AM CET
Metso Paper to strengthen its management - Risto Hautamäki appointed President
Metso Corporation's Board of Directors has appointed Risto Hautamäki President of Metso Paper and a member of Metso Executive Team as of April 1, 2005. The current President of the Metso Paper Business Area, Bertel Karlstedt, will continue in the position until March 31, 2005, and will then become Executive Vice President of Metso Paper.
Metso Paper's Management Agenda was confirmed and communicated in June 2004. "The program strives to significantly renew Metso Paper's business concept and streamline its cost structure in the near future. One of the key targets is to strengthen Metso Paper's market and technology leadership," says Jorma Eloranta, President and CEO for Metso Corporation. "Risto Hautamäki has extensive experience in serving the pulp and paper industry. I am very pleased that he will now lead the Metso Paper renewal."
Risto Hautamäki, M.Sc. (Eng.), 59, has been President & CEO of Tamfelt Corporation since 1995. He is currently Member of the Board of Metso Corporation. In 1970-1994, Hautamäki held various positions in Valmet Oy, the last being the President & CEO of Valmet Paper Machinery Inc. Valmet Paper Machinery was one of the companies merged to form Metso Paper. Tamfelt's main products are forming fabrics, press felts, dryer fabrics and filter fabrics for the pulp and paper industry.
Metso is a global technology corporation serving customers in the pulp and paper industry, rock and minerals processing, energy industry as well as in selected other industries. In 2004, the net sales of Metso Corporation were approx. EUR 4 billion, and it has some 23,000 employees in more than 50 countries. Metso's shares are listed in the Helsinki and New York Stock Exchanges.