Konecranes Oyj - Changes board/management/auditors

KONECRANES PLC - JOB ROTATION in Konecranes' Group Executive Board

KONECRANES PLC STOCK EXCHANGE RELEASE September 15, 2011 at 9.30

The Board of Directors of Konecranes Plc has made the following appointments,
effective January 1, 2012: 

As earlier planned, Harry Ollila will step down from his duties as Head of
Market Operations and member of Group Executive Board. However, Mr Ollila (b.
1950) has agreed to be available for special assignments on a consultancy
basis, as separately agreed. 

Mikko Uhari, currently Executive Vice President and Head of Business Area
Equipment, will succeed Harry Ollila as Executive Vice President and Head of
Market Operations. Mr Uhari (b. 1957) will be responsible for Konecranes'
regional and country organizations, covering the entire Konecranes offering to
various industry segments. He will also be responsible for global account
management. 

Hannu Rusanen (b. 1957), currently Executive Vice President and Head of
Business Area Service, will succeed Mikko Uhari as Executive Vice President and
Head of Business Area Equipment. 

Fabio Fiorino, currently Vice President, Head of Service, Region Americas, will
succeed Hannu Rusanen as Executive Vice President and Head of Business Area
Service. He will also become a member of the Group Executive Board. Mr Fiorino
(b. 1967) has wide and diverse experience within Konecranes since 1995. In
addition to heading Business Area Service within the Region Americas since
2009, Mr Fiorino has previously held the positions of President of group
companies Morris Material Handling, Inc. and R&M Material Handling, Inc., and
various other business development and marketing roles within the Konecranes
Group. 

“I am convinced that this job rotation will inject new energy into our entire
management team. When experienced people get new responsibilities they will be
able to take a fresh view on things, speeding our development”, Pekka Lundmark,
President and CEO comments. “I am also pleased that we will continue to have
Harry Ollila's remarkable experience available to us even though he has chosen
to step down from his day-to-day duties at Market Operations”, he concludes. 

As of January 1, 2012, the Group Executive Board (GXB) will consist of the
following members: 

Pekka Lundmark, President and CEO, and Chairman of the Group Executive Board
Mikko Uhari, Market Operations
Hannu Rusanen, Business Area Equipment
Fabio Fiorino, Business Area Service
Teo Ottola, Finance and headquarter functions
Pekka Lettijeff, Procurement
Ari Kiviniitty, Technology


KONECRANES PLC


Miikka Kinnunen
Director, Investor Relations


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

Press:
Mikael Wegmüller, Vice President, Marketing and Communications, Konecranes Plc,
tel. +358 20 427 2008 



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 2010, Group sales totaled EUR 1,546 million. The Group has almost
11,200 employees at 578 locations in 46 countries. Konecranes is listed on the
NASDAQ OMX Helsinki (symbol: KCR1V). 


DISTRIBUTION
NASDAQ OMX Helsinki
Media
www.konecranes.com