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CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 24 AUGUST 2012 AT 2 P.M. (EEST)

Cargotec's Executive Board member, Executive Vice President Unto Ahtola will resign from Cargotec on 24 August 2012.

"Unto Ahtola has developed the Terminals business to fit the changing environment of our customers and I would like to thank Unto for his contribution," says President and CEO Mikael Mäkinen.

From 1 September 2012 Cargotec's Executive Board consists of the following members : Mikael Mäkinen, President and CEO; Pekka Vauramo, Executive Vice President Marine business area and Deputy to CEO; Eeva Sipilä, Executive Vice President, Chief Financial Officer; Olli Isotalo, Executive Vice President, Terminals business area; Axel Leijonhufvud, Executive Vice President, Load Handling; Stefan Gleuel, Executive Vice President, Services business area; Lennart Brelin, Executive Vice President, Americas region; Ken Loh, Executive Vice President, Asia-Pacific region;  Harald de Graaf, Executive Vice President, EMEA region; Kirsi Nuotto, Executive Vice President, Human Resources and Matti Sommarberg, Executive Vice President, Chief Technology Officer.


Further information for the press:
Mikael Mäkinen, President and CEO, tel. +358 20 777 4100
Anne Westersund, Vice President, Communications and Marketing, tel. + 358 20 777 4460

Further information for investors:
Eeva Sipilä, CFO, tel. +358 20 777 4104
Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084


Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's daughter brands, Hiab, Kalmar and MacGregor are recognised leaders in cargo and load handling solutions around the world. Cargotec's global network is positioned close to customers and offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec's sales totalled EUR 3.1 billion in 2011 and it employs approximately 10,500 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com