Markku Teräsvasara appointed as Outotec's CEO

Markku Teräsvasara appointed as Outotec's CEO

ID: 479290

(Thomson Reuters ONE) -


OUTOTEC OYJ   STOCK EXCHANGE RELEASE   JUNE 22, 2016  AT 9.00
AM

Markku Teräsvasara appointed as Outotec's CEO

Outotec's Board of Directors has appointed Mr. Markku Teräsvasara (51) as
Outotec's new Chief Executive Officer. He will commence in his new position on
November 1, 2016 at the latest.

Markku Teräsvasara is currently President of Atlas Copco's Mining and Rock
Excavation Service Division. He has been employed by Atlas Copco since 1997.

"Markku Teräsvasara has long experience in the equipment and service businesses
within the mining industry. Before his current position, he was leading Atlas
Copco's Surface Drilling Equipment Division based in China. 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.

Outotec's Board of Directors and Pertti Korhonen have agreed that Pertti
Korhonen will leave the duties of the Chief Executive Officer with immediate
effect.

"Under Pertti Korhonen's leadership, Outotec has been developed globally to a
more unified company. The service business and sustainable operating principles
have been actively developed as well. On behalf of the whole Board, I thank
Pertti for his contribution", says Matti Alahuhta.

CFO Jari Ålgars will be the acting CEO until the new CEO will commence his
duties.

Briefing related to the change of CEO for analysts, investors and media




representatives will be held at Outotec House, Rauhalanpuisto 9, Espoo, Finland
on June 22, 2016 at 11.00 AM (EEST). Outotec's Chairman of the Board of
Directors Matti Alahuhta and new CEO Markku Teräsvasara will participate. The
briefing can be followed via a live webcast at www.outotec.com. The webcast will
be recorded and published on Outotec's website for on-demand viewing.

You may also join the briefing by telephone. To register as a participant in the
teleconference, please dial in 5 to 10 minutes before the start of the event
using the number/confirmation code below.

Teleconference details:

Confirmation Code: 2304416
United Kingdom: +44(0)20 3140 8286
Finland: +358(0)9 2310 1620
USA: +1646 254 3388
Sweden: +46(0)8 5352 6408

For more details: www.outotec.com/en/Investors/

OUTOTEC OYJ
The Board of Directors

Lisätietoja:

Rita Uotila, Vice President - Investor Relations
tel. +358 20 529 2003
e-mail: rita.uotila(at)outotec.com

DISTRIBUTION:

Nasdaq Helsinki
Main media
www.outotec.com



This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Outotec Oyj via GlobeNewswire
[HUG#2022327]




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Bereitgestellt von Benutzer: hugin
Datum: 22.06.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 479290
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