Metso Corporation's stock exchange release on October 1, 2013 at 2:15 p.m. local time
The Extraordinary General Meeting of Metso Corporation, held today on October 1, 2013, approved the proposed plan for partial demerger and decided to demerge Metso into two companies, Metso and Valmet. The planned registration date of the completion of the demerger is December 31, 2013.
Metso's Board of Directors held its assembly meeting today and elected the members of the Audit Committee and the Remuneration and HR Committee.
From among its members, Metso's Board elected Eeva Sipilä as Chairman and Lars Josefsson and Nina Kopola as members of the Audit Committee. Mikael Lilius was elected Chairman and Christer Gardell and Ozey K. Horton Jr. members of the Remuneration and HR Committee.
The term of office of the new Board of Directors will begin on the registration date of the completion of the demerger, when decisions about the members of the Board's committees will also become effective.
Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries contribute to sustainability and deliver profitability to customers worldwide. Metso's shares are listed on the NASDAQ OMX Helsinki Ltd.
Further information for investors, please contact:
Aleksanteri Lebedeff, SVP, General Councel, Metso Corporation, tel +358 20 484 3240
VP, Investor Relations
NASDAQ OMX Helsinki Ltd