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Panu Routila appointed Konecranes Plc’s new President and CEO

Stock exchange release

Panu Routila (b. 1964) has been appointed President and CEO of Konecranes Plc. Mr. Routila will start in his new position during the autumn, but no later than by the end of the year. He succeeds Pekka Lundmark who will leave Konecranes on September 5, 2015 to pursue his career outside the company.

The Board of Directors of Konecranes Plc has appointed CFO Teo Ottola Deputy CEO. The Deputy CEO uses the powers of the CEO if the CEO position is not filled or in situations when the CEO is incapacitated to fulfil his duties.

Panu Routila will transfer from Ahlström Capital, where he has been President and CEO since 2008. Ahlström Capital is one of Finland’s largest investment companies. Ahlström Capital Group’s balance sheet exceeds EUR 1 billion and the annual net sales of the group are approx. EUR 1.5 billion.

Panu Routila has experience from listed companies via his duties as a Board member and Chairman of the Board of Ahlstrom Corporation since 2014 and from Vacon Plc where he was a Board member and Chairman of the Board in 2010-2015. He has held industrial management positions at Kuusakoski Group, Alteams and Outokumpu and prior to that he served in leading financial positions at Outokumpu and Partek Group in Finland, France, and the USA. Panu Routila has a M.Sc(Econ.) degree.

“Panu Routila has firm experience in top management of industrial enterprises. As the previous chairman of Ahlström Capital, Mr. Routila´s present employer, I have known and worked closely with him during several years. Because of conflict of interest I could not participate in the selection process. I am in total agreement with my Board´s choice. I am looking forward to continuing my successful collaboration with Panu Routila”, says Konecranes Plc´s Chairman of the Board Stig Gustavson. “Konecranes possesses a competent and totally committed group of operative leaders in all its business units. Therefore Mr. Routila´s skills of indirect leadership of complex organizations and his experience of M&A-related work very well match the needs of our Group going forward”, he concludes.

"I’m looking forward to joining Konecranes and continuing the great work the team has done so far. My industrial career will be of great asset for further developing the company,” says Panu Routila, future President and CEO of Konecranes Plc.

Konecranes will organize a press conference for Finnish media at Konecranes´ offices at Eteläesplanadi 18, 8th floor, Helsinki, today, July 29, at 1 p.m. EET. The future President and CEO Panu Routila will attend the conference. To register for the press conference, please send e-mail to mikael.wegmuller@konecranes.com.

CV – Panu Routila

Born 1964
Citizenship: Finnish
Married, 4 children
M. Sc. (Econ.) Turku School of Economics

Professional experience

2008-          President and CEO, Ahlström Capital
2002-2007  CEO, Alteams Oy, Kuusakoski Group,
1997-2001  Director, Drawn Copper Products, Outokumpu Group
1995-1997  Controller, Drawn Copper products, Outokumpu Group
1986-1995 Various financial management positions at Partek Group in Finland, France and Belgium

Board chairmanships and memberships

Ahlstrom Corporation: Member 2014-, Chairman 2015 -
Enics AG: Chairman
Vacon Plc: Member 2010-2015, Chairman 2013-2015
ÅR Packaging Group Ab: Vice Chairman
Destia Group Plc: Vice Chairman
AC Cleantech Management Oy: Chairman
Ripasso Energy Ab: Member

KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations

 

FURTHER INFORMATION
Panu Routila, future President and CEO of Konecranes Plc
Stig Gustavson, Chairman of the Board, Konecranes Plc
Call back requests: Anna-Mari Kautto, Investor Relations Assistant, Konecranes Plc, tel. +358 40 195 5511

Miikka Kinnunen, Director, Investor Relations, Konecranes Plc,
tel. +358 20 427 2050
Mikael Wegmüller, Vice President, Marketing and Communications, Konecranes Plc, tel. +358 20 427 2008

Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity-enhancing lifting solutions as well as services for lifting equipment and machine tools of all makes. In 2014, Group sales totaled EUR 2,011 million. The Group has 11,900 employees at 600 locations in 48 countries. Konecranes is listed on Nasdaq Helsinki (symbol: KCR1V).

DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com