Metso Corporation's stock exchange release on September 30, 2010 at 2:30 p.m. local time
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 management.
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. www.metso.com
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
Metso Corporation
Olli Vaartimo
Executive Vice President and CFO
Johanna Henttonen
Vice President, Investor Relations
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NASDAQ OMX Helsinki Ltd
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www.metso.com