Kähkönen Appointed New President, CEO of Metso

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The board of directors of Metso, Finland, has appointed Matti Kähkönen as the new president and CEO of Metso Corp. and Metso Group. Kähkönen will start in his new position on March 1, 2011. He is currently president of Metso's Mining and Construction Technology segment and will continue in this position until assuming the duties of CEO of Metso. He has a long career at Metso, holding various management positions in the automation as well as the mining and construction technology businesses. He has been a member of the Metso Executive Team since 2001. Metso's current President and CEO Jorma Eloranta will continue in his position until March 1, 2011.

Metso Chairman Jukka Viinanen said that Kähkönen "has a strong track record with Metso. The latest achievement of Matti and his team has been the successful transformation of Metso's Mining and Construction Technology segment's way of operating to be more integrated and services driven. Matti is known for his open and straightforward management style, and I am certain that under his leadership Metso has an excellent future for continuing the strategy of profitable growth".

Kähkönen noted that "my goal is to ensure that Metso's positive operational and financial development during the past few years will continue. I want to make sure that Metso is a competitive, truly global, services-oriented company with a strong focus on customer satisfaction and shareholder value creation."