Outokumpu Oyj - Inside information

Insider information: President and CEO Heikki Malinen to leave Outokumpu

Outokumpu Corporation
Insider information
May 2, 2024 at 11.55 am EEST

Insider information: President and CEO Heikki Malinen to leave Outokumpu

Heikki Malinen, President and CEO, has decided to leave Outokumpu to pursue a
career opportunity outside the company.

“I would like to thank Heikki warmly for all the achievements during the past
four years. Under Heikki's leadership, Outokumpu's transformation into a company
with the strongest balance sheet in the industry and the return to paying
dividends has been remarkable. A solid foundation has been laid, the company's
core is strong and Outokumpu is ready for the next phase of growth. I wish
Heikki all the best in the next step of his career,” says Kari Jordan, Chairman
of the Board of Directors of Outokumpu Corporation.

“The journey together started amidst COVID and has taken us to a position where
we have the strongest balance sheet in the industry. Today, we are recognized as
the sustainability leader with strong credentials in terms of safety, carbon
emissions and diversity. I would like to extend my sincere appreciation to the
Board, my colleagues in the leadership team and our highly dedicated employees
worldwide for all that has been accomplished,” says Heikki Malinen.

Heikki will continue in his current position for up to six months or until his
successor has been found. The process to find a successor will start
immediately.

For more information:

Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 400 719 669

Media: Päivi Allenius, SVP - Brand & Communications, tel. +358 40 753 7374 or
Outokumpu media desk, tel. +358 40 351 9840

Outokumpu is the global leader in stainless steel. The foundation of our
business is our ability to tailor stainless steel into any form and for almost
any purpose. Stainless steel is sustainable, durable and designed to last
forever. Our customers use it to create civilization's basic structures and its
most famous landmarks as well as products for households and various industries.
Outokumpu employs approximately 8,500 professionals in close to 30 countries,
with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki.
www.outokumpu.com