KARRI KAITUE APPOINTED DEPUTY CEO OF OUTOKUMPU
OUTOKUMPU OYJ STOCK EXCHANGE RELEASE December 3, 2004 at 1.30 pm
KARRI KAITUE APPOINTED DEPUTY CEO OF OUTOKUMPU The Board of Directors of Outokumpu has appointed Mr. Karri Kaitue Deputy Chief Executive Officer of Outokumpu and Vice Chairman of the Group Executive Committee, effective January 1, 2005. Karri Kaitue, currently Executive Vice President - Strategy and Business Development, and Member of the Group Executive Committee, will take over his new position from Risto Virrankoski, who will retire on February 15, 2005 as earlier announced. From January 1, 2005 until his retirement Risto Virrankoski will serve as Senior Adviser to the CEO and continue as Member of the Group Executive Committee. Karri Kaitue, born in 1964, holds a Licentiate of Laws degree from the University of Helsinki. Kaitue joined the Outokumpu Group in 1990. Since then he has served in various business development, legal and operational management positions in the Group. Just prior to his current posting, he was President of Outokumpu Stainless Coil division, the largest division of the Group. Kaitue is married and has two children, and he resides in Espoo. "Im pleased to welcome Karri as my deputy. His experience and solid understanding of strategy and business development as well as the operations of the Group will be a valuable asset as we are about to start a new chapter in Outokumpus development," says Juha Rantanen, CEO elect of Outokumpu. OUTOKUMPU OYJ Corporate Management Eero Mustala Senior Vice President - Corporate Communications tel.+358 9 421 2435, mobile +358 40 504 5146 eero.mustala@outokumpu.com www.outokumpu.com