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Arto Tiitinen appointed Ponsse Oyj?s Pre

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PONSSE OYJ  STOCK EXCHANGE BULLETIN  12 FEBRUARY 2004 at 9am


Arto Tiitinen appointed Ponsse Oyj’s President and CEO

At its meeting on Wednesday 11 February 2004, Ponsse Oyj’s Board
of Directors appointed MBA Arto Tiitinen (44) the company’s new President
and CEO. Mr Tiitinen will take up his new post on 1 April 2004. He will
take over from Tommi Ruha, who is leaving Ponsse. Arto Tiitinen joins
Ponsse from tractor manufacturer Valtra Oy, where he has worked for
the past 18 years in a range of sales and marketing management jobs.
In his most recent position, Tiitinen was responsible for Valtra’s global
sales, marketing and communications.

“Ponsse is currently undergoing a phase of strong international growth
and Arto Tiitinen’s appointment is a natural continuation of the company’s
development. Arto Tiitinen’s long experience in building Valtra’s sales
channels and in marketing will further consolidate Ponsse’s position as
a leading edge manufacturer of cut-to-length harvesting forest machines
both in Finland and in the export markets,ö notes Einari Vidgrén Chairman
of Ponsse’s Board of Directors.

Ponsse Oyj’s President and CEO Tommi Ruha has agreed that his contract
will end on 12 February 2004. Ruha has served as Ponsse’s President and
CEO since 2001.

“I’ve served Ponsse for eight extremely interesting and industrious years
and now it’s the family’s turn and time for new plans. The company’s
order books are healthy and the organisation works well so there should
be no difficulties during the transition period. As one financial year gives
way to another, it seems appropriate to hand over the operative and
strategic leadership to those who will be running the business in the
future,ö says Tommi Ruha.

Tommi Ruha’s job will be done by Deputy President and CEO Juha
Vidgrén until Tiitinen takes over on 1 April 2004.

Further information from:

Arto Tiitinen
tel: +358 400 343 290

Einari Vidgrén
Chairman of the Board
tel: +358 400 672 574

Juha Vidgrén
Deputy President and CEO
tel: +358 40 7300 047

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