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Stock Exchange release

Cargotec appoints Mikko Pelkonen as Senior Vice President, Human Resources

5/23/2013

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 23 MAY 2013 AT 2.00 PM (EEST)

Cargotec has appointed Mikko Pelkonen (43) as Senior Vice President, Human Resources and member of the Executive Board and reporting to President and CEO Mika Vehviläinen. He will be responsible for corporate human resources strategy and implementation. The appointment takes effect in August 2013.

Mikko Pelkonen is currently Vice President of Human Resources at Nokia Siemens Networks, Mobile Broadband Business Unit. He has worked in Nokia Siemens Networks and Nokia for 17 years in different global and regional leadership positions and driven transformation of the business in China, the United States and Latin America.

"One of the key assets in Cargotec is our people, and the war of talent and competence globally requires a strong hold on people issues. Mikko Pelkonen's broad global leadership experience, proven track record of transformation of businesses as well as his experiences from emerging markets will bring knowledge into Cargotec, which will strengthen our success in the future," states Cargotec's President and CEO Mika Vehviläinen.

"I am very excited to join Cargotec, whose leading brands and global competence create a unique position for the company to build a highly performing organisation," says Pelkonen.

Mikko Pelkonen's CV and picture are attached to this release.

Further information for media:
Mika Vehviläinen, President and CEO, tel. +358 20 777 4101
Anne Westersund, Senior Vice President and Public Affairs, Communications, tel. + 358 20 777 4460

Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's brands MacGregor, Kalmar and Hiab 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 3.3 billion in 2012 and it employs approximately 10,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com

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