Stock exchange release
December 14, 2010 03:00 PM EEST
Appointments in Metso Executive Team
Metso Corporation's stock exchange release December 14, 2010, 2:00 p.m. local
Metso's Board of Directors has today decided on changes to Metso Executive
Team. The appointments will become effective on March 1, 2011 when Matti
Kähkönen starts as Metso's President and CEO.
Andrew Benko (b. 1949) has been appointed President, Mining and Construction
Technology. He is currently President, Equipment and Systems business line,
Mining and Construction Technology.
Perttu Louhiluoto (b. 1964) has been appointed President, Energy and
Environmental Technology. Louhiluoto is currently Senior Vice President, EMEA
market area, Mining and Construction Technology.
Pasi Laine (b. 1963) has been appointed President, Paper and Fiber Technology,
and Metso's Executive Vice President and Deputy to the CEO. Laine is currently
President, Energy and Environmental Technology.
Harri Nikunen (b. 1955) has been appointed Metso Group's Chief Financial
Officer. Nikunen is currently Senior Vice President, Finance, Paper and Fiber
Merja Kamppari (b. 1958), Senior Vice President, Human Resources, Metso Group,
has been appointed as a member of Metso Executive Team.
Kalle Reponen (b. 1965), Senior Vice President, Strategy and M&A, will continue
as a member of the Metso Executive Team.
As of March 1, 2011, all of the above mentioned individuals will report to Matti
Kähkönen, who will be Chairman of the new Metso Executive Team.
Matti Kähkönen is currently Executive Vice President of Metso Corporation,
Deputy to the CEO and President of Mining and Construction Technology. Earlier
this year he was appointed to succeed Metso's current President and CEO Jorma
Eloranta upon his retirement on March 1, 2011.
Metso's current CFO, Olli Vaartimo, and the current President of Paper and Fiber
Technology, Bertel Langenskiöld, have agreed to support the changes in Metso's
top management during the transition period. Vaartimo and Langenskiöld will step
down from the Metso Executive Team as of March 1, 2011.
"Metso has now put together a new and competent Executive Team consisting of
seasoned experts from different sectors who have a solid track record of
success. It is a pleasure and an honor to work with them to achieve Metso's
goals. Our strategy is on a strong foundation and the prerequisites for leading
the company in a successful manner are excellent," says Metso's incoming
President and CEO Matti Kähkönen.
CVs and photos of the individuals appointed to Metso Executive Team are on our
website at www.metso.com.
Metso is a global supplier of sustainable technology and services for mining,
construction, power generation, automation, recycling and the pulp and paper
industries. We have about 27,000 employees in more than 50 countries.
Further information for the press:
Matti Kähkönen, Executive Vice President of Metso Corporation, and President of
Mining and Construction Technology, tel. +358 20 484 2190, from 4:00-5:00 p.m.
Jorma Eloranta, President and CEO, Metso Corporation, tel. +358 20 484 3001,
from 2:00-3:00 p.m.
Further information for investors:
Johanna Henttonen, Vice President, Investor Relations, Metso Corporation, tel.
+358 20 484 3253
Executive Vice President and CFO
Vice President, Investor Relations, Metso Corporation
Nasdaq OMX Helsinki Oy