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Kalmar Trade Press Release

Cargotec appoints Frank Kho to lead terminal solutions development and container terminal projects

2/28/2012

CARGOTEC CORPORATION, TRADE PRESS RELEASE, 28 FEBRUARY 2012 AT 9:00 A.M. EET

Cargotec has appointed Mr Frank Kho as Senior Vice President, Terminal Projects and Offerings.

Mr Kho brings with him over 20 years of industry experience in several senior management positions at world's leading port operators, such as the Antwerp terminals of PSA and several terminals of HPH. He has headed container operations with significant operational efficiencies in cost per unit moved and, most notably, with improved service levels.

In Cargotec, Mr Kho will be responsible for leading the development of new solutions to enable customers' business processes run better as well as for defining and integrating solutions to specific needs of greenfield and brownfield container terminal projects.  

"Mr Kho has an outstanding track record in terminal management at leading ports throughout Europe and Asia and, as a result, his management skills are world class. Frank will be focusing on the development of our terminals services and solutions provision, with a view to setting new standards in the industry.  We are delighted to welcome him to the team," said Unto Ahtola, Executive Vice President, Terminals.

Mr Kho's appointment supports Cargotec's strategy to strengthen the company's customer process expertise in Terminals business. The strategy has already proven its power with the recent significant automation orders from London Gateway and TraPac Inc, in Los Angeles, USA. The company has also announced the opening of its Competence Centres in Tampere, Finland, and Singapore. Mr Kho will be located at the Singapore Competence Centre.

Mr Kho is available for interview by appointment.

For further information, please contact:

Maija Eklöf,
Director, Communications and Marketing, Terminals, tel. +358 20 777 4096, maija.eklof@cargotec.com 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 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com

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