Mr. Rainer Aalto, Director, Business Development and M&A to leave KCI Konecranes

KCI Konecranes' Director, Business Development and M&A, Mr. Rainer Aalto has reached an agreement with KCI Konecranes Plc according to which he will leave his position in the Group as of March 31, 2004.

Mr. Aalto will concentrate on pursuing his personal business interests. Mr. Aalto has also agreed to make himself available for KCI Konecranes in an advisory capacity, on a part time basis.

“Mr. Rainer Aalto has worked for the Group both in Finland and abroad. Mr. Aalto has performed his duties excellently. I thank him for his contributions to the development of KCI Konecranes, says Mr. Stig Gustavson, President and CEO of KCI Konecranes.

Mr. Antti Vanhatalo, Group Vice President and Mr. Ari-Pekka Salonen, Director, M & A financials, will take over Mr. Aalto’s present duties.

Further information can be obtained from
Stig Gustavson, president & CEO, KCI Konecranes Plc
tel. +358-20 427 2000

KCI Konecranes is a world leading engineering group specializing in advanced overhead lifting solutions and maintenance services. Group activity is organized along three business areas: Maintenance Services (50% of Group Sales), Standard Lifting Equipment (26 %) and Special Cranes (24 %). Group Sales totalled EUR 665 million with over 4350 employees in 34 countries all over the world.