Konecranes Oyj - Changes board/management/auditors

Konecranes Plc - Changes to segment reporting and Group Executive Board

KONECRANES PLC  STOCK EXCHANGE RELEASE  December 15, 2016 at 09:00 EET

The Board of Directors of Konecranes Plc has made decisions on the new
reporting segments and new members of the Group Executive Board (“GXB”) subject
to the closing of Konecranes’ pending acquisition of Terex Corporation’s MHPS
business (“MHPS Acquisition”). As of January 1, 2017, Konecranes will report
three business areas: Service, Industrial Equipment and Port Solutions. The
current business areas in segment reporting are Service and Equipment. 

Mr. Fabio Fiorino will continue in his current position as Executive Vice
President, Business Area Service and as a member of the GXB. Mr. Mikko Uhari
will continue as a member of the GXB as Executive Vice President, Business Area
Industrial Equipment. Mr. Mika Mahlberg has been appointed as Executive Vice
President, Business Area Port Solutions, and as a member of the Konecranes GXB. 

Mika Mahlberg (b. 1963) has been employed by Konecranes since 1997 and is
currently holding the position of Senior Vice President, Business Unit Port
Cranes. Mr. Mahlberg has been heading the Business Unit Port Cranes since 2008.
Prior to that, he held various managerial positions within Konecranes’ port
cranes business. 

Konecranes Strategy and Technology function will be split into two parts. Mr.
Juha Pankakoski will assume responsibility for the group’s Technology function
in addition to his duties as the Chief Digital Officer and he will continue as
a member of the GXB as Executive Vice President, Technologies. As of the
closing of the MHPS Acquisition, Ms. Susanna Schneeberger is appointed as
Executive Vice President, Strategy. 

Susanna Schneeberger (b. 1973) is currently leading the global Terex Material
Handling business and is Managing Director of Terex MHPS Germany GmbH. Between
2007 and 2015, she led sales and marketing for Trelleborg’s Industrial
Solutions business area and group’s strategic business development. Prior to
Trelleborg, she had managerial strategy, business development and commercial
roles within several companies operating in IT and publishing sectors. 

As of the closing of the MHPS Acquisition, the Konecranes GXB will consist of
the following members: 

Mr. Panu Routila, President and CEO
Mr. Teo Ottola, CFO and Deputy CEO
Mr. Fabio Fiorino, Executive Vice President, Business Area Service
Mr. Mikko Uhari, Executive Vice President, Business Area Industrial Equipment
Mr. Mika Mahlberg, Executive Vice President, Business Area Port Solutions
Mr. Juha Pankakoski, Executive Vice President, Technologies
Ms. Susanna Schneeberger, Executive Vice President, Strategy
Mr. Timo Leskinen, Senior Vice President, Human Resources
Ms. Sirpa Poitsalo, Senior Vice President, General Counsel

Completion of the MHPS Acquisition remains subject to additional customary
closing conditions. Konecranes and Terex are not allowed to close the MHPS
Acquisition until the European Commission has approved the buyer of the STAHL
CraneSystems business. 

Konecranes and Terex continue to be fully committed to the MHPS Acquisition and
are working closely with the competition authorities in the remaining
jurisdictions to obtain regulatory approvals allowing completion of the MHPS
Acquisition in early 2017 as planned. 



KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations



FURTHER INFORMATION
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc, tel. +358 (0)20
427 2050 



Konecranes is a world-leading group of Lifting Businesses™, serving a broad
range of customers, including manufacturing and process industries, shipyards,
ports and terminals. Konecranes provides productivity-enhancing lifting
solutions as well as services for lifting equipment and machine tools of all
makes. In 2015, Group sales totaled EUR 2,126 million. The Group has 11,100
employees at 600 locations in 48 countries. Konecranes is listed on Nasdaq
Helsinki (symbol: KCR1V). 



DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com