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Stock Exchange Release

Cargotec Executive Board Appointments


Stock Exchange Release, February 2, 2009 at 1.00 p.m. Finnish time

Cargotec continues the work to develop the corporation’s way of working as one company, to improve overall efficiency and to increase the focus on customers. The following appointments have therefore taken place in the Executive Board.

To speed up the development of solutions and customer focus, Cargotec establishes a Customer Focus Board. Pekka Vauramo, Senior Executive Vice President and Deputy to CEO, has been appointed to act as chairman of the Customer Focus Board. The Customer Focus Board works across internal borders combining the coverage and knowledge of global sales and service network with its experience in technology, project business, product management and customer support. 

Axel Leijonhufvud has been appointed chairman of Cargotec’s new Supply Board. The Supply Board is responsible for the long-term supply strategy including the development of supplier and partner structure. 

Harald de Graaf has been appointed as SVP Corporate Development. He also continues in his role as President, Cargotec Services. In his Corporate Development role he is responsible for driving Cargotec’s strategy development and corporate communications. 

Matti Sommarberg has been appointed Chief Technology Officer (CTO). In this role he is responsible for the long-term research, the future direction of R&D and exploitation of technology synergies within Cargotec. He has previously acted as Senior Vice President, Operations Development within the Executive Board. Matti Sommarberg also continues as Managing Director of Cargotec Finland Oy. 

All above-mentioned appointments are effective as of 2 February 2009.

More information for the press:

Mikael Mäkinen, President and CEO 
Tel. +358 (0)204 55 4262

Pekka Vauramo, Senior Executive Vice President and Deputy to CEO; President, Kalmar
Tel. +358 (0)204 55 4873

Minna Karhu, Vice President, Corporate Communications, Cargotec
Tel. +358 (0)204 55 4630, mobile +358 (0)40 532 0007

More information for the investors:

Paula Liimatta, IR Manager
Tel. +358 (0)204 55 4634

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 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 total EUR 3.4 billion and it employs approximately 12,000 people. Cargotec’s class B shares are quoted on the NASDAQ OMX Helsinki.

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