Metso Corporation's stock exchange release on September 30, 2010 at 2:30 p.m.
Metso's Executive Vice President and CFO Olli Vaartimo turned 60 years old in
September, the age of retirement in accordance with his executive contract.
Vaartimo has agreed to be available until the end of June 2011 to provide
support during the transition period as changes are made in Metso's top
It has now been agreed with Olli Vaartimo that he will continue from October
1, 2010 as Metso's CFO and a member of the Metso Executive Team. The search for
a new CFO is under way. In the same conjunction, it was agreed that Matti
Kähkönen, who will start as Metso's President and CEO on March 1, 2011, will act
as Metso's Executive Vice President and Deputy to the CEO and as Vice Chairman
of the Metso Executive Team starting October 1, 2010. The main responsibility
area of Matti Kähkönen is unchanged: he continues as President of Metso's Mining
and Construction Technology segment.
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, please contact:
Jorma Eloranta, President and CEO, Metso, tel. +358 20 484 3000
Further information for investors, please contact:
Johanna Henttonen, Vice President, Investor Relations, Metso Corporation, tel.
+358 20 484 3253
Executive Vice President and CFO
Vice President, Investor Relations
NASDAQ OMX Helsinki Ltd