In September, Metso Corporation's Board of Directors relieved Tor Bergman, President and CEO, of his duties, and temporarily appointed Executive Vice President and CFO Olli Vaartimo in his place. In December, the Board of Directors appointed Jorma Eloranta as the new President and CEO, as of March 1, 2004. Olli Vaartimo will continue as Metso's Executive Vice President, CFO and Deputy to the CEO. Vaartimo transferred to this position in April 2003 from the post of President of Metso Minerals. Metso Paper, Metso Minerals and Metso Ventures also saw changes in their leadership during the review year: Bertel Karlstedt started as the President of Metso Paper in March, Bertel Langenskiöld started as the President of Metso Minerals in May, and Vesa Kainu started as the President of Metso Ventures, also in May.