Outokumpu Oyj - Changes board/management/auditors

Outokumpu appoints Roeland Baan as President and CEO

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
October 26, 2015 at 12.00 pm EET



The Outokumpu Board of Directors has appointed Roeland Baan as President and
CEO of Outokumpu and the Chairman of the Leadership Team as of January 1, 2016.
Baan is currently the Executive Vice President and CEO of Aleris Europe and
Asia. Aleris is a global leader in aluminum rolled products. Before joining
Aleris, Baan was the Executive Vice President and CEO of Mittal Steel Europe
and subsequently Executive Vice President and a member of the Management
Committee of the combined Arcelor Mittal Group. Prior to that, he held global
senior management positions at Shell International and SHV. 

Jorma Ollila, Chairman of the Outokumpu Board of Directors: “Outokumpu has been
going through a significant transformation in the past few years but still
faces substantial challenges. The Outokumpu Board of Directors believes now is
the right time to bring in new skills and strengths in order to raise the
company's operational competitiveness to a world-class level. Roeland has
extensive experience in process industries, particularly in the metals
industry, and a solid commercial background in large, international companies.
He has a proven track record of successful turnarounds, giving us confidence in
his ability to accelerate the turnaround of Outokumpu and drive its future
success.” 

“I am genuinely thrilled to be joining Outokumpu,” says Roeland Baan.
“Stainless steel is a material of endless possibilities and Outokumpu has all
the key ingredients to outperform the industry, including world-class assets
and highly skilled, dedicated people. Following a thorough analysis of the
strategy, I intend to bring the company to its rightful leadership position
through superior customer focus, industry leading operational efficiency and
flawless quality. I look forward to the challenge and feel privileged to have
been asked, and tasked, to lead a company with such a rich and meaningful
history.” 

Mika Seitovirta will leave his position as President and CEO of Outokumpu on
October 26, 2015 and his position on the Outokumpu Leadership Team on the same
day. 

“On behalf of the entire Board of Directors, I would like to thank Mika
Seitovirta for his dedicated service and contribution. During the past five
years, he has led the company with enthusiasm and energy through a difficult
transformation, including the important Inoxum-merger and financial
restructuring,” says Jorma Ollila. 

Reinhard Florey, Chief Financial Officer and deputy to the CEO of Outokumpu,
will be the interim CEO of Outokumpu until Roeland Baan starts on January 1,
2016. 

For more information:

Investors: Johanna Henttonen, tel. +358 9 421 3804, mobile +358 40 530 0778

Media: Saara Tahvanainen, tel. +358 40 589 0223

Outokumpu Group


Outokumpu is a global leader in stainless steel. We create advanced materials
that are efficient, long lasting and recyclable - thus building a world that
lasts forever. Stainless steel, invented a century ago, is an ideal material to
create lasting solutions in demanding applications from cutlery to bridges,
energy and medical equipment: it is 100% recyclable, corrosion-resistant,
maintenance-free, durable and hygienic. Outokumpu employs more than 12 000
professionals in more than 30 countries, with headquarters in Espoo, Finland
and shares listed in Nasdaq Helsinki. www.outokumpu.com

Attachments:

CV_RoelandBaan_ENG.pdf

Outokumpu_appointsRoeland_Baan_as_President_and_CEO_26102015_EN.pdf