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Matti Kahkonen Appointed New President and CEO of Metso

Wed, 08/25/2010 - 9:13pm
The Associated Press

The Board of Directors of Metso has appointed Mr. Matti Kahkonen, M.Sc. in Engineering, as the new President and Chief Executive Officer of Metso Corporation and Metso Group. Matti Kahkonen will start in his new position on March 1, 2011.

Matti Kahkonen (b. 1956) is currently President of Metso's Mining and Construction Technology segment and he will continue in this position until assuming the duties of CEO of Metso. He has a long career at Metso, holding various management positions in the automation as well as the mining and construction technology businesses. He has been a member of the Metso Executive Team since 2001.

Chairman of the Board of Directors of Metso, Jukka Viinanen: "Matti Kahkonen has a strong track record with Metso. The latest achievement of Matti and his team has been the successful implementation of transforming Mining and Construction Technology segment's way of operating to be more integrated and services driven. Matti is known for his open and straightforward management style, and I am certain that under his leadership Metso has excellent future for continuing the strategy of profitable growth."

Matti Kahkonen comments:"I am really excited about this opportunity to start as CEO of Metso. Metso has several leading market positions and we are especially recognized for our technological know-how and our strong global presence. My goal is to ensure that Metso's positive operational and financial development during the past few years will continue. I want to make sure that Metso is a competitive, truly global, services-oriented company with a strong focus on customer satisfaction and shareholder value creation."

Metso's current President and CEO Jorma Eloranta will continue in his position until March 1, 2011.

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. www.metso.com (http://www.metso.com)

Further information, please contact: Jukka Viinanen, Chairman of the Board, Metso, tel. +358 20 484 3000 Jorma Eloranta, President and CEO, Metso, tel. +358 20 484 3000 Matti Kahkonen, President, Mining and Construction Technology, Metso, tel. +358 20 484 3100 Further information for investors, please contact: Johanna Henttonen, Vice President, Investor Relations, Metso, tel. +358 20 484 3253

Introducing the new CEO to media

The new CEO of Metso will be introduced to media today, Thursday at 9:00-9:45 am local time at Metso Group Head Office, Fabianinkatu 9A, Helsinki, Finland. Present at the event will be the Chairman of the Board Jukka Viinanen, Metso's current CEO Jorma Eloranta and the new CEO Matti Kahkonen.

Curriculum Vitae of Matti Kahkonen Name: Matti Kahkonen Date of birth: 1956 Nationality: Finnish Education: M.Sc. (Eng.), Tampere University of Technology, 1984 Work experience 1.12.2008 President, Mining and Construction Technology 2006-2008 President, Metso Minerals 2001-2006 President, Metso Automation 1999-2001 President, Metso Automation, Field Systems Division 1993-1999 President, Neles-Jamesbury, different Divisions 1988-1993 Different positions in marketing and sales, Neles-Jamesbury 1987-1988 Sales Engineer, Neles, UK Sales Office 1984-1987 Product Development Engineer, Neles 1980-1983 Project Engineer, Rauma-Repola, Lokomo Works, Marine Technology

Information about Matti Kahkonen's shareholding in Metso is available on Metso's website, www.metso.com (http://www.metso.com) .

Metso Corporation Olli Vaartimo Executive Vice President and CFO Johanna Henttonen Vice President, Investor Relations Distribution: NASDAQ OMX Helsinki Ltd Media www.metso.com (http://www.metso.com)

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