OUTOTEC OYJ STOCK EXCHANGE RELEASE JUNE 22, 2016 AT 9.00 AM
Markku Teräsvasara appointed as Outotec's CEO
Outotec's Board of Directors has appointed Mr. Markku Teräsvasara (51) as Outotec's new Chief Executive Officer. He will commence in his new position on November 1, 2016 at the latest.
Markku Teräsvasara is currently President of Atlas Copco's Mining and Rock Excavation Service Division. He has been employed by Atlas Copco since 1997.
"Markku Teräsvasara has long experience in the equipment and service businesses within the mining industry. Before his current position, he was leading Atlas Copco's Surface Drilling Equipment Division based in China. He has managed his businesses extremely successfully in the cyclical industry. I am confident that he has excellent prerequisites to be successful in his new position. The Board was also impressed by his career which has shown an upward trend in the industry's leading global company Atlas Copco", states Outotec's Chairman of the Board Mr. Matti Alahuhta.
"Outotec is a globally recognized company in minerals and metals processing with a lot of leading technologies and industry experts. I am extremely happy to be able to become part of this team", says Markku Teräsvasara.
Outotec's Board of Directors and Pertti Korhonen have agreed that Pertti Korhonen will leave the duties of the Chief Executive Officer with immediate effect.
"Under Pertti Korhonen's leadership, Outotec has been developed globally to a more unified company. The service business and sustainable operating principles have been actively developed as well. On behalf of the whole Board, I thank Pertti for his contribution", says Matti Alahuhta.
CFO Jari Ålgars will be the acting CEO until the new CEO will commence his duties.
Briefing related to the change of CEO for analysts, investors and media representatives will be held at Outotec House, Rauhalanpuisto 9, Espoo, Finland on June 22, 2016 at 11.00 AM (EEST). Outotec's Chairman of the Board of Directors Matti Alahuhta and new CEO Markku Teräsvasara will participate. The briefing can be followed via a live webcast at www.outotec.com. The webcast will be recorded and published on Outotec's website for on-demand viewing.
You may also join the briefing by telephone. To register as a participant in the teleconference, please dial in 5 to 10 minutes before the start of the event using the number/confirmation code below.
Confirmation Code: 2304416
United Kingdom: +44(0)20 3140 8286
Finland: +358(0)9 2310 1620
USA: +1646 254 3388
Sweden: +46(0)8 5352 6408
For more details: www.outotec.com/en/Investors/
The Board of Directors
Rita Uotila, Vice President - Investor Relations
tel. +358 20 529 2003