Metso Corporation's stock exchange release on August 26, 2010 at 07:30 a.m.
The Board of Directors of Metso has appointed Mr. Matti Kähkönen, M.Sc. in Engineering, as the new President and Chief Executive Officer of Metso Corporation and Metso Group. Matti Kähkönen will start in his new position on March 1, 2011.
Matti Kähkönen (b. 1956) is currently President of Metso's Mining and Construction Technology segment and he will continue in this position until assuming the duties of CEO of Metso. He has a long career at Metso, holding various management positions in the automation as well as the mining and construction technology businesses. He has been a member of the Metso Executive Team since 2001.
Chairman of the Board of Directors of Metso, Jukka Viinanen: "Matti Kähkönen has a strong track record with Metso. The latest achievement of Matti and his team has been the successful implementation of transforming Mining and Construction Technology segment's way of operating to be more integrated and services driven. Matti is known for his open and straightforward management style, and I am certain that under his leadership Metso has excellent future for continuing the strategy of profitable growth".
Matti Kähkönen comments:"I am really excited about this opportunity to start as CEO of Metso. Metso has several leading market positions and we are especially recognized for our technological know- how and our strong global presence. My goal is to ensure that Metso's positive operational and financial development during the past few years will continue. I want to make sure that Metso is a competitive, truly global, services-oriented company with a strong focus on customer satisfaction and shareholder value creation".
Metso's current President and CEO Jorma Eloranta will continue in his position until March 1, 2011.
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, please contact:
Jukka Viinanen, Chairman of the Board, Metso, tel. +358 20 484 3000
Jorma Eloranta, President and CEO, Metso, tel. +358 20 484 3000
Matti Kähkönen, President, Mining and Construction Technology, Metso, tel. +358 20 484 3100
Further information for investors, please contact:
Johanna Henttonen, Vice President, Investor Relations, Metso, tel. +358 20 484 3253
Introducing the new CEO to media
The new CEO of Metso will be introduced to media today,Thursday at 9:00-9:45 am local time at Metso Group Head Office, Fabianinkatu 9A, Helsinki, Finland. Present at the event will be the Chairman of the Board Jukka Viinanen, Metso's current CEO Jorma Eloranta and the new CEO Matti Kähkönen.
Curriculum Vitae of Matti Kähkönen
Name Matti Kähkönen
Date of birth 1956
Education M.Sc. (Eng.), Tampere University of Technology, 1984
1.12.2008 President, Mining and Construction Technology
2006-2008 President, Metso Minerals
2001-2006 President, Metso Automation
1999-2001 President, Metso Automation, Field Systems Division
1993-1999 President, Neles-Jamesbury, different Divisions
1988-1993 Different positions in marketing and sales, Neles-Jamesbury
1987-1988 Sales Engineer, Neles, UK Sales Office
1984-1987 Product Development Engineer, Neles
1980-1983 Project Engineer, Rauma-Repola, Lokomo Works, Marine Technology
Information about Matti Kähkönen's shareholding in Metso is available on Metso's website, www.metso.com.
Executive Vice President and CFO
Vice President, Investor Relations
NASDAQ OMX Helsinki Ltd