Stock Exchange release December 14, 2010 01:00:00 PM CET

Appointments in Metso Executive Team

Metso Corporation's stock exchange release December 14, 2010, 2:00 p.m. local time


Metso's Board of Directors has today decided on changes to Metso Executive Team.  The appointments will become effective on March 1, 2011 when Matti Kähkönen starts as Metso's President and CEO.

 

Andrew Benko (b. 1949) has been appointed President, Mining and Construction Technology. He is currently President, Equipment and Systems business line, Mining and Construction Technology.

 

Perttu Louhiluoto (b. 1964) has been appointed President, Energy and Environmental Technology. Louhiluoto is currently Senior Vice President, EMEA market area, Mining and Construction Technology.

 

Pasi Laine (b. 1963) has been appointed President, Paper and Fiber Technology, and Metso's Executive Vice President and Deputy to the CEO. Laine is currently President, Energy and Environmental Technology.

 

Harri Nikunen (b. 1955) has been appointed Metso Group's Chief Financial Officer. Nikunen is currently Senior Vice President, Finance, Paper and Fiber Technology.

 

Merja Kamppari (b. 1958), Senior Vice President, Human Resources, Metso Group, has been appointed as a member of Metso Executive Team.

 

Kalle Reponen (b. 1965), Senior Vice President, Strategy and M&A, will continue as a member of the Metso Executive Team.

 

As of March 1, 2011, all of the above mentioned individuals will report to Matti Kähkönen, who will be Chairman of the new Metso Executive Team.

 

Matti Kähkönen is currently Executive Vice President of Metso Corporation, Deputy to the CEO and President of Mining and Construction Technology. Earlier this year he was appointed to succeed Metso's current President and CEO Jorma Eloranta upon his retirement on March 1, 2011.

Metso's current CFO, Olli Vaartimo, and the current President of Paper and Fiber Technology, Bertel Langenskiöld, have agreed to support the changes in Metso's top management during the transition period. Vaartimo and Langenskiöld will step down from the Metso Executive Team as of March 1, 2011.

 

"Metso has now put together a new and competent Executive Team consisting of seasoned experts from different sectors who have a solid track record of success. It is a pleasure and an honor to work with them to achieve Metso's goals. Our strategy is on a strong foundation and the prerequisites for leading the company in a successful manner are excellent," says Metso's incoming President and CEO Matti Kähkönen.

 

CVs and photos of the individuals appointed to Metso Executive Team are on our website at www.metso.com.

 

Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 27,000 employees in more than 50 countries. www.metso.com

 

Further information for the press:
Matti Kähkönen, Executive Vice President of Metso Corporation, and President of Mining and Construction Technology, tel. +358 20 484 2190, from 4:00-5:00 p.m.

 

Jorma Eloranta, President and CEO, Metso Corporation, tel. +358 20 484 3001, from 2:00-3:00 p.m.

 

Further information for investors:
Johanna Henttonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253

 

 

 Metso Corporation

 

Olli Vaartimo
Executive Vice President and CFO

 

Johanna Henttonen
Vice President, Investor Relations, Metso Corporation

 

Distribution:

Nasdaq OMX Helsinki Oy
Media
www.metso.com