OUTOTEC OYJ STOCK EXCHANGE RELEASE JULY 27, 2016 AT 3:00 PM
Markku Teräsvasara assumes the duties of Outotec's CEO on October 1, 2016
Mr. Markku Teräsvasara (51), whose appointment as Outotec's President and Chief Executive Officer was announced on June 22, 2016, will assume the position on October 1, 2016. Markku Teräsvasara will transfer to Outotec from Atlas Copco, where he is leading the Mining and Rock Excavation Service Division in Sweden and previously the Surface Drilling Equipment Division based in China.
"Markku Teräsvasara has long experience in the equipment and service businesses within the mining industry. 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.
The Board of Directors
For further information, please contact:
Eila Paatela, Director - Corporate Communications
tel. +358 20 529 2004, +358 400 817198