Vacon - Changes board/management/auditors

Pia Aaltonen-Forsell appointed Vacon's new CFO

Vacon Plc, Stock Exchange Release, 22 January 2013 at 9.30 am (EET)

Pia Aaltonen-Forsell, M.Soc.Sc. (born 1974), has been appointed Chief Financial
Officer of Vacon Plc and member of the company's Executive Management Team.

Pia Aaltonen-Forsell will join Vacon from Stora Enso, where she has held several
managing positions in finance and control including SVP Group Controller, and
her latest position as SVP Finance, IT and M&A, Building and Living Business
Area."We are very happy to welcome Pia to join the Vacon Group. Her long experience
working in finance and control, and in management positions in a large listed
company will be a great asset to Vacon," says Vesa Laisi, Vacon's President and
CEO.

Vacon Plc's previous CFO, Eriikka Söderström, resigned to join KONE Corporation.
Söderström will continue at Vacon until 5 February 2013.

Pia Aaltonen-Forsell will join Vacon by 1 May 2013 at the latest.

VACON PLC

Further information:

  * Vesa Laisi, President and CEO, phone +358 (0)40 8371 510,
    vesa.laisi(at)vacon.com
  * Sebastian Linko, Director, Corporate Communications and Investor Relations,
    +358 (0)40 8371 634, sebastian.linko(at)vacon.com

Vacon in brief:

Vacon is driven by a passion to develop, manufacture and sell the best AC drives
and inverters in the world - and provide customers with efficient product
lifecycle services. Our AC drives offer optimum process control and energy
efficiency for electric motors. Vacon inverters play a key role when energy is
produced from renewable sources. Vacon has production and R&D facilities in
Europe, Asia and North America, and sales offices in 27 countries. Further,
Vacon has sales representatives and service partners in nearly 90 countries. In
2011, Vacon's revenues amounted to EUR 380.9 million, and the company employed
globally approximately 1,500 people. The shares of Vacon Plc (VAC1V) are quoted
on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki).



Driven by Drives, www.vacon.com

Distribution:

NASDAQ OMX Helsinki
Financial Supervisory Authority
Main media




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