Outokumpu President & CEO Roeland Baan to step down in May

Outokumpu Oyj
Stock exchange release
February 7, 2020 at 9.00 am EET

Outokumpu President & CEO Roeland Baan to step down in May

Outokumpu’s President & CEO Roeland Baan has informed the company’s Board of Directors that he will resign from Outokumpu later this spring to take a CEO position in a company outside Finland. Baan will continue as the company’s CEO until May 15, 2020. The search for Mr. Baan’s successor has been underway since last autumn, and the Board expects to make a decision well ahead of Mr. Baan’s departure.

“Under Roeland’s leadership, Outokumpu has gone through a major transformation leading to improved productivity and efficiency as well as a stronger market position,” says Kari Jordan, Chairman of the Board. “On behalf of the entire Board of Directors, I would like to warmly thank Roeland for his dedication and professional leadership which have been vital to Outokumpu’s turnaround.”

“It has been a great honor to lead Outokumpu for the past four years,” says Roeland Baan. “I have thoroughly enjoyed working here and in Finland. I am extremely proud of what the entire Outokumpu team has achieved since I joined in 2016. Today, Outokumpu is the leading market player with a healthy balance sheet, best in class operational efficiency and superior customer focus. We have become a more unified company with shared values, a strong performance culture and continuous drive for improvement.”

For more information:

Reeta Kaukiainen, EVP – Communications and IR, tel. +358 50 522 0924

Outokumpu Oyj

Outokumpu is the global leader in stainless steel. We aim to be the best value creator in stainless steel through customer orientation and efficiency. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com