OUTOTEC OYJ STOCK EXCHANGE RELEASE, APRIL 26, 2010 AT 10.25 AM
Changes in Outotec's Executive Board
Outotec has appointed Mika Saariaho, Ph.D. (Technology), Chief Strategy Officer and member of the Executive Board as of August 1, 2010. Mika Saariaho, 37, has been Deputy Director General of the World Steel Association since 2007 based in Brussels, Belgium. Previously Mika Saariaho has been responsible for Outokumpu Oyj's corporate strategic planning, and he has been working as management consultant for McKinsey & Company. Mika Saariaho's responsibilities as Outotec's Chief Strategy Officer include corporate development, strategy process, mergers & acquisitions and integration processes.
Chief Financial Officer and member of Outotec's Executive Board, Vesa-Pekka Takala, will leave Outotec after 21 years of service in Outotec's former parent company Outokumpu in various leadership positions related to finance & control and as Outotec's CFO as of the listing of the company in 2006. Vesa-Pekka Takala will transfer to Metsäliitto Group, an international forest industry group, and he will work for Outotec until the end of July. The recruitment process for a new CFO is going on.
"I warmly welcome Mika Saariaho to Outotec's Executive Board. His industry experience and experience in strategy and corporate development will be valuable for us when developing Outotec further. I want to thank Vesa-Pekka Takala for his invaluable contribution to building up Outotec's financial systems, investor relations and image in the financial community, and I wish him all the best in his new role as CFO of Metsäliitto Group", says Pertti Korhonen, President and CEO of Outotec.
For further information please contact:
Pertti Korhonen, President and CEO
tel. +358 20 529 211
Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198
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