OUTOTEC OYJ STOCK EXCHANGE RELEASE FEBRUARY 26, 2009 AT 11.00 AM
Outotec announces planned retirement of Deputy CEO Seppo Rantakari
Outotec's Deputy CEO Mr Seppo Rantakari will retire according to the earlier agreed plan in the spring 2010. On March 1, 2009 he will leave his position as Deputy CEO and also resign his position as a member in the Executive Committee. Seppo Rantakari will continue to serve the company as Senior Adviser to the CEO in corporate development issues until his retirement.
Outotec's current Chief Financial Officer and member of the Executive Committee, Mr Vesa-Pekka Takala will assume the position of CEO's substitute, effective as of March 1, 2009.
"I thank Seppo for his nearly 40 years long career and great contribution in the development and growth of Outotec to a world-leading technology company in the mining and metals industry. I am particularly grateful for his strong input in our acquisitions and their integration into the organization over the past ten years as well as for his significant role in the team that implemented the successful listing of our company in the Helsinki stock exchange in 2006," comments CEO Tapani Järvinen.
For further information please contact:
Tapani Järvinen, President and CEO
tel. +358 20 529 211
Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198
Nasdaq OMX Helsinki