Stock Exchange Release, February 29, 2008 at 12:40 p.m.
Cargotec’s Board of Directors elected in the Annual General Meeting has in its organising meeting elected Ilkka Herlin to continue as Chairman of the Board and Henrik Ehrnrooth to continue as Deputy Chairman. Cargotec’s Deputy CEO Kari Heinistö will continue to act as secretary to the Board of Directors.
Cargotec’s Board of Directors decided that the Audit Committee, Nomination and Compensation Committee as well as Working Committee will continue to assist the Board in its work.
The Board of Directors elected among its members Ilkka Herlin, Karri Kaitue and Antti Lagerroos as members of the Audit Committee. Karri Kaitue was re-elected as Chairman of the Audit Committee. Board members Henrik Ehrnrooth, Tapio Hakakari, Ilkka Herlin and Peter Immonen were elected to the Nomination and Compensation Committee. Ilkka Herlin was re-elected as chairman of the Nomination and Compensation Committee. Board members Tapio Hakakari, Ilkka Herlin and Peter Immonen were elected to the Working Committee. Ilkka Herlin was re-elected as chairman of the Working Committee. Sender:Cargotec CorporationEeva MäkeläCFOFor further information, please contact:Kari Heinistö, Deputy CEO, tel. +358 204 55 4256
Cargotec improves the efficiency of cargo flows by offering handling systems and the related services for the loading and unloading of goods. Cargotec’s brands, Hiab, Kalmar and MacGREGOR, are global market leaders in their fields and their solutions are used on land and at sea – wherever cargo is on the move. Extensive repair and maintenance services close to customers ensure the continuous usability of equipment. Cargotec is the technology leader in its field, its R&D focusing on innovative solutions that take environmental considerations into account. Cargotec’s sales are EUR 3 billion and the company employs over 11,000 people. Cargotec’s class B shares are quoted on the OMX Nordic Exchange Helsinki.www.cargotec.com