Outokumpu Oyj - Changes board/management/auditors

Outokumpu appoints Mika Seitovirta new CEO

STOCK EXCHANGE RELEASE
February 17, 2011 at 8.30 am EET


Outokumpu's Board of Directors has appointed Mr Mika Seitovirta as the new Chief
Executive Officer of Outokumpu. He will start at Outokumpu in March and assume
the CEO position on April 1, 2011. The Board has agreed with the current CEO Mr
Juha Rantanen that he will leave the CEO position on March 31, 2011. Mr Rantanen
will support the new CEO in his taking on the new duties until August 2011.

Mika Seitovirta, born 1962, has held several executive positions both in
industrial and consumer sectors. Most recently, he was the President and CEO of
Glaston, a global glass technology company listed in Helsinki. Earlier, he has
been the Managing Director of the beverage company, Hartwall, which was part of
the Scottish & Newcastle Group, and has held several positions in the Volvo
Group in Finland and abroad, e.g. Managing Director of Volvo Auto in Finland. Mr
Seitovirta holds a Master of Science degree in Economics."Mika is an inspiring and engaging leader with the ability to attract talent
internationally. His leadership style and result-orientation meet well with
Outokumpu's current challenges. His background in the international engineering
and automotive industry is valuable in building long-term customer
relationships", says Ole Johansson, Chairman of Outokumpu's Board of Directors."I think Outokumpu is a great company - it is one of the global leaders in
stainless steel and widely recognised for its high-quality products. I really
look forward to working together with Outokumpu's employees and customers to
further improve the performance and successfully develop the business", says
Mika Seitovirta.

Mika Seitovirta's CV and photograph are available as attachments.

For further information, please contact:

Ole Johansson, Chairman of the Board, tel. +358 10 7095 602

Press meeting
Outokumpu will introduce the new CEO to media in a press meeting at 12 EET on
February 17, 2011 at Restaurant Bank, meeting room 12, address Unioninkatu 20,
Helsinki, Finland. Ole Johansson and Mika Seitovirta will be present in the
meeting and it will be held in Finnish.


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


[HUG#1489935]

Attachments:

Mika_Seitovirta.jpg

ENG Release and CV 17022011.pdf