PEKKA LUNDMARK NEW CEO OF KCI KONECRANES
KCI KONECRANES PLC STOCK EXCHANGE ANNOUNCEMENT 17 June, 2005 12.30 noon 1
PEKKA LUNDMARK NEW CEO OF KCI KONECRANES As was previously indicated, KCI Konecranes' Board of Directors has in its meeting today appointed Mr. Pekka Lundmark as President and CEO of KCI Konecranes as of today. Mr. Stig Gustavson has been appointed Chairman of the Board of Directors and Mr. Björn Savén, KCI Konecranes' Chairman since 1994, has been appointed vice Chairman of the Board. "KCI Konecranes' strategic direction will not change," Lundmark says. "All our strategic cornerstones - Growth, Technology Leadership and Operational Efficiency -are as important as ever and I see no reason to change anything in our strategic foundation." " We are truly living exciting times in KCI Konecranes at the moment. We are growing about 20% this year, which is clearly faster than the market. We still have a lot of room to grow further, entering new markets and using our unique presence in service. Now it is time to focus even more on our operational efficiency while adding value for our customers through developing superior equipment and world-class services," Lundmark says. Lundmark was born in 1963 and has a Master of Engineering degree from Helsinki University of Technology. Having held various management positions within Nokia he was CEO of Hackman Group between 2002-2004. Mr. Lundmark joined KCI Konecranes in August 2004 as Group Executive Vice President. As Chairman of the Board, Stig Gustavson will continue to play an important part in KCI Konecranes. He also remains a substantial long-term shareholder. "I have led Konecranes operations since 1988. The company really has a special place in my heart. We have a strategic stability and sustainability. Still, we see the need for constant review and challenge in our strategic thinking. As Chairman, I will have the opportunity to support the executive management and to contribute to the strategy process, for many years to come," says Stig Gustavson, Chairman of the Board at KCI Konecranes. KCI Konecranes. A world leading Engineering Group specialising in advanced overhead lifting solutions and maintenance services. KCI Konecranes is the world's leading supplier of heavy-duty cranes for process industries. KCI Konecranes is a global supplier of special harbour cranes for bulk materials and containers and a leading provider of shipyard cranes. In 2004, Group sales totalled EUR 728 million. The Group has 4,850 employees in 35 countries all over the world. KCI KONECRANES PLC Franciska Janzon IR Manager FURTHER INFORMATION Pekka Lundmark, President and CEO, Phone +358-40 821 0638 Stig Gustavson, Chairman of the Board, Phone +358-400 411 119 DISTRIBUTION Helsinki Stock Exchange Media