Rotation in KCI Konecranes top management

Stock exchange releases

The following changes in KCI Konecranes top management responsibilities will be effective as of 1 April 2005:

Mr. Matti Ruotsala, currently Chief Operating Officer, has been appointed to a new position as Senior Vice President, Strategy and Technology, to lead KCI Konecranes’ long-term product and service technology development. He will also continue as deputy to the CEO.

Mr. Mikko Uhari, currently President, Special Cranes, will assume the global responsibility for all crane and component business units in order to capture the synergies across these operations. Mr. Pekka Päkkilä, President, Standard Lifting Equipment will report to Uhari.

Mr. Tom Sothard continues as President, Maintenance Services, and as Country Executive for region Americas.


The following appointments will be effective as of 1 September 2005:

Mr Arto Juosila, currently Country Executive, Asia-Pacific, has been appointed Group Vice President, Administration and Business Development. His main responsibilities will include personnel administration, corporate and social responsibility, risk management and business development including M&A.

The Asia-Pacific region will be divided into two parts:

Mr. Harry Ollila, currently Group Vice President, Business Development, has been appointed Country Executive, Northeast Asia. He will be responsible for China, Korea and Japan. Ollila will be based in Shanghai, China.

Mr. Edward Yakos, currently Managing Director of KCI Konecranes, Australia has been appointed Country Executive, Southeast Asia-Pacific. He will be responsible for Australia, New Zealand, Thailand, Singapore, Malaysia, Indonesia and Vietnam.

Ruotsala, Uhari, Sothard, Juosila, Ollila and Yakos will report to Mr. Pekka Lundmark. Lundmark is currently Group Executive Vice President, and the Board of Directors has declared its intent to appoint him President & CEO and Mr. Stig Gustavson Chairman of the Board on 17 June 2005.

These changes will not affect the financial reporting structure of the Group.

 

Further information can be obtained from

Mr. Stig Gustavson, President & CEO, Tel. +358-400 411119
Mr. Pekka Lundmark, Group Executive Vice President, Tel. +358-40 821 0638

KCI Konecranes, headquartered in Hyvinkää, Finland is a world leading Engineering Group specialising in advanced overhead lifting solutions and maintenance services. In 2004, Group sales totalled EUR 728 million. The Group has 4850 employees in 35 countries.