English

STIG GUSTAVSON TO CHAIR THE BOARD OF KCI KONECRANES, PEKKA LUNDMARK TO BECOME

Report this content 
KCI KONECRANES PLC  STOCK EXCHANGE RELEASE  11 February, 2005 10.15 a.m.    1


STIG GUSTAVSON TO CHAIR THE BOARD OF KCI KONECRANES, PEKKA LUNDMARK TO BECOME
PRESIDENT AND CEO

Mr. Stig Gustavson has informed the Board of KCI Konecranes Plc of his intention
to retire at the age of 60, as permitted under his contract with the company. Mr.
Gustavson will reach the age of 60 on June 17, 2005.

The Board has stated its intention to elect Mr. Gustavson Chairman of the Board
in its meeting to be held on June 17, 2005.

The Board has further reconfirmed its intention to appoint Mr. Pekka Lundmark,
Group Vice President of KCI Konecranes Group since August 2004, as President and
CEO of the Group in its meeting to be held on June 17, 2005. Mr. Björn Savén,
Chairman of the Board, has confirmed his willingness to continue as a member of
the Board. The Board has stated its intention to elect Mr. Savén Vice Chairman of
the Board in the same meeting.

The final decisions outlined above will be made by the Board in its composition
as elected by the Annual Meeting of shareholders on March 10, 2005.

KCI Konecranes, headquartered in Hyvinkää, Finland is 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 4850 employees in 35
countries all over the world.

KCI KONECRANES PLC


Franciska Janzon
IR Manager




FURTHER INFORMATION
Mr. Björn Savén, Chairman, tel. + 46-8 6789500
Mr. Stig Gustavson, President & CEO, tel. +358-400 411119
Mr. Pekka Lundmark, Group Vice President, tel. +358-40 821 0638




DISTRIBUTION
Helsinki Stock Exchange
Media

Subscribe