Outokumpu Oyj - Changes board/management/auditors

Outokumpu appoints Jarmo Tonteri Executive Vice President - Specialty Stainless

STOCK EXCHANGE RELEASE
20 July 2011 at 8.45 am EET

Mr. Jarmo Tonteri has been appointed Executive Vice President - Specialty
Stainless and member of Outokumpu Group's Executive Committee as of 1 August
2011. He will report to CEO Mika Seitovirta. Mr. Tonteri will be responsible for
Outokumpu's business units Special Coil, Special Plate and Long Products as well
as the thin and precision strip mill Kloster and Group R&D. He will be based in
Stockholm.

Jarmo Tonteri is a Finnish citizen, born 1952 and holds a Master of Technology
(metallurgy) from Helsinki University of Technology and a Master of Economics
from Helsinki School of Economics. He has over 30 years' experience in the
metals industry and over 20 years' experience in the steel business. Mr. Tonteri
has worked outside Finland for over 20 years, first in the US and since 1992 in
Sweden. He held several managing director positions in the Swedish operations of
the steel construction and engineering company Rautaruukki. Since 2005 Mr.
Tonteri was the managing director of Ovako, a leading European producer of long
special steel products, from which position he retired in spring 2011.

CEO Mika Seitovirta: "Jarmo has exceptionally vast experience in implementing
structural changes and turning loss-making operations to sustainable
profitability. He has spent most of his career in the steel industry and he
knows the customers of our specialty stainless business extremely well. I am
very pleased to have him in the Outokumpu team and have full confidence that we
can together take a new direction for specialty stainless."

For further information, please contact:

Mika Seitovirta, CEO, tel. +358 9 421 3200

Attachment: Jarmo Tonteri - Curriculum vitae and photo

OUTOKUMPU OYJ



Outokumpu is a global leader in stainless steel with the vision to be the
undisputed number one. Customers in a wide range of industries use our stainless
steel and services worldwide. Being fully recyclable, maintenance-free, as well
as very strong and durable material, stainless steel is one of the key building
blocks for sustainable future. Outokumpu employs some 8 000 people in more than
30 countries. The Group's head office is located in Espoo, Finland. Outokumpu is
listed on the NASDAQ OMX Helsinki.
www.outokumpu.com



Curriculum Vitae - Jarmo Tonteri

Date of Birth: 6 April 1952

Nationality: Finnish

Education

Master of Technology (Metallurgy), Helsinki University of Technology, 1977
Master of Economics, Helsinki School of Economics, 1977

Career

2005-2011
Ovako Group, Sweden
Managing Director

2000-2005
Fundia (Rautaruukki Group), Sweden
Managing Director, member of Rautaruukki management Board

1992-2000
Gasell (Rautaruukki Group), Sweden
Managing Director

1990-1992
Lokomo Steel (Repola Group), USA
Managing Director

1985-1990
Kuusakoski, Finland
Director of the metallurgical division

1978-1985
Outokumpu, Finland
Sales engineer on metallurgical process technology


[HUG#1532052]

Attachments:

Picture of Mr. Tonteri.jpg

ENG appointment Jarmo Tonteri and CV 20.7.2011.pdf