KONECRANES PLC - JOB ROTATION in Konecranes' Group Executive Board

The Board of Directors of Konecranes Plc has made the following appointments, effective January 1, 2012:

As earlier planned, Harry Ollila will step down from his duties as Head of Market Operations and member of Group Executive Board. However, Mr Ollila (b. 1950) has agreed to be available for special assignments on a consultancy basis, as separately agreed. 

Mikko Uhari, currently Executive Vice President and Head of Business Area Equipment, will succeed Harry Ollila as Executive Vice President and Head of Market Operations. Mr Uhari (b. 1957) will be responsible for Konecranes’ regional and country organizations, covering the entire Konecranes offering to various industry segments. He will also be responsible for global account management.

Hannu Rusanen (b. 1957), currently Executive Vice President and Head of Business Area Service, will succeed Mikko Uhari as Executive Vice President and Head of Business Area Equipment.

Fabio Fiorino, currently Vice President, Head of Service, Region Americas, will succeed Hannu Rusanen as Executive Vice President and Head of Business Area Service. He will also become a member of the Group Executive Board. Mr Fiorino (b. 1967) has wide and diverse experience within Konecranes since 1995. In addition to heading Business Area Service within the Region Americas since 2009, Mr Fiorino has previously held the positions of President of group companies Morris Material Handling, Inc. and R&M Material Handling, Inc., and various other business development and marketing roles within the Konecranes Group.

“I am convinced that this job rotation will inject new energy into our entire management team. When experienced people get new responsibilities they will be able to take a fresh view on things, speeding our development”, Pekka Lundmark, President and CEO comments. “I am also pleased that we will continue to have Harry Ollila’s remarkable experience available to us even though he has chosen to step down from his day-to-day duties at Market Operations”, he concludes.

As of January 1, 2012, the Group Executive Board (GXB) will consist of the following members:

Pekka Lundmark, President and CEO, and Chairman of the Group Executive Board
Mikko Uhari, Market Operations
Hannu Rusanen, Business Area Equipment
Fabio Fiorino, Business Area Service
Teo Ottola, Finance and headquarter functions
Pekka Lettijeff, Procurement
Ari Kiviniitty, Technology


KONECRANES PLC


Miikka Kinnunen
Director, Investor Relations


FURTHER INFORMATION
Analysts and Investors:
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc, tel. +358 (0)20 427 2050

Press:
Mikael Wegmüller, Vice President, Marketing and Communications, Konecranes Plc, tel. +358 20 427 2008



Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity-enhancing lifting solutions as well as services for lifting equipment and machine tools of all makes. In 2010, Group sales totaled EUR 1,546 million. The Group has almost 11,200 employees at 578 locations in 46 countries. Konecranes is listed on the NASDAQ OMX Helsinki (symbol: KCR1V).


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www.konecranes.com