OUTOTEC OYJ STOCK EXCHANGE RELEASE, MARCH 18, 2009 AT 11.30 AM
Outotec's President and CEO Tapani Järvinen to retire at the end of 2009
The President and CEO of Outotec Oyj, Mr. Tapani Järvinen has decided to retire at the end of 2009. He has been President and CEO of Outotec Oyj since the listing of the company in October 2006 and, prior to the listing, President of Outokumpu Technology Oy since 2003. Tapani Järvinen will be 63 years of age in December this year. The Board of Directors of Outotec Oyj has already started a process to appoint a new President and CEO for the company.
Tapani Järvinen comments his decision to retire:
"The period of six years as President and CEO of Outotec has been extremely rewarding. With cooperative and knowledgeable staff I have had the opportunity to work for the listing of the company as well as for its strong growth and excellent success in utilizing the raw material boom. Outotec's financial structure is currently stronger than ever before, and I believe that the company is well prepared even for the most challenging market conditions."
The Chairman of the Board of Directors, Mr. Risto Virrankoski comments:
"Tapani Järvinen's key achievements as President and CEO include the development and strengthening of Outotec's structure and business model so that the company has been able to fully utilize the good market sentiment in the past few years. It has achieved strong growth and profitability. Tapani has been a humane leader and truly believed that employees are the most valuable asset for the company. Outotec has motivated and skilful personnel and management, which will help the new CEO to continue the development. On behalf of Outotec's Board of Directors I wish to thank Tapani Järvinen for his very successful presidency."
For further information please contact:
Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198
Nasdaq OMX Helsinki