Pöyry - Changes board/management/auditors

Pöyry PLC announces new vision and realigns its structure

PÖYRY PLC          Company Announcement 2 December 2009 at 8.30 a.m.

Pöyry's new vision is to become "the global thought leader in
engineering balanced sustainability for a complex world". The company
intends to be an agenda setter in this respect in the sectors it
serves.

Pöyry will realign its business structure to better enable the new
vision. At the same time, Pöyry announces its management team
effective 1 January 2010.

The new vision is driven by the major challenges that Pöyry's clients
will face. Urbanization and population growth, shift in economic
balance, environmental degradation and redirection of technological
innovation will have a major impact on global demand and clients'
businesses. Pöyry sees growth opportunities created by these drivers
and therefore directs its service offerings and business structure
accordingly. Pöyry targets at accelerating profitable growth
organically and through acquisitions aligned with its vision.

Pöyry's new business groups and management

Richard Pinnock, currently President of the Energy business group,
has been appointed Executive Vice President, Group Strategic Growth.
He will be responsible for enhancing Pöyry's world-wide capabilities
to develop and execute large projects and scopes where Pöyry sees a
major growth potential, as well as for strategy development,
including mergers and acquisitions.

Energy business group: The Energy business group's offerings will
cover diverse energy-related projects and technical advisory
services. The business group focuses in the areas of hydropower,
renewable energy, thermal power, oil and gas, nuclear energy and
transmission and distribution. Future focus is on projects and
technologies which help to improve energy efficiency and mitigate
environmental impacts in a sustainable way. Ari Asikainen, currently
President of the Construction Services business group, has been
appointed President of the Energy business group.

Industry business group: The current Forest Industry business group
will be renamed the Industry business group. The business group will
maintain its strong focus on forest industry to ensure its global
market leadership in the pulp and paper sector. In addition, it will
accelerate its expansion to other areas of industrial processes and
facilities such as chemicals. The Industry business group will invest
in the development of a more complete offering covering resources
such as biomass, biofuels and biomass-based chemicals. Martin Kuzaj,
currently President of the Forest Industry business group, has been
appointed President of the Industry business group.

Urban and Mobility business group: The Transportation and
Construction Services business groups will be merged into the Urban
and Mobility business group. With this integration Pöyry strengthens
its ability to respond to the increasing need for solutions driven by
population growth and urbanisation. This new business group will
continue to operate in the areas of real estate development,
construction management, rail, urban mass transportation and
motorways. It will offer clients leading-edge sustainable solutions
from planning through to project realisation. Synergetic benefits in
areas such as urban development, construction management and building
design will be exploited using the global platforms of this new
merged business group. Andy Goodwin, currently President of the
Transportation business group, has been appointed President of the
Urban and Mobility business group.

Water & Environment business group: The Water & Environment business
group will spearhead Pöyry's vision to become a leading service
provider for the entire water cycle and to mitigate environmental
degradation. The Water & Environment business group will focus on
water supply and sanitation, water resources management, geosciences,
and environmental services. Bernd Kordes will continue as President
of this business group.

Management Consulting business group: Pöyry will form the Management
Consulting business group by merging the existing management
consulting businesses in the Forest Industry and Energy business
groups. They currently employ around 450 management consultants in
total. The target is to double the size of the business in about five
years and to expand management consulting services into areas that
have synergies with the rest of the Pöyry Group. The President of the
business group will be announced later. In the interim, Bernd Kordes
will assume the role besides his other duties.

Anne Viitala has been appointed Executive Vice President, Legal and
Commercial. She continues to be responsible for legal affairs and
risk management, but will also take a leading position in Group level
commercial transactions.

The new business groups and the appointments will come into effect as
of 1 January 2010. Pöyry's periodic reporting for Q1 2010 will be
prepared and presented based on the new business group structure. Pro
forma figures covering previous years will be submitted by the end of
March 2010.

After these appointments, Pöyry's Executive Committee members as of 1
January 2010 will be:

- Heikki Malinen, President and Chief Executive Officer
- Ari Asikainen, Executive Vice President (EVP) and President, Energy
business group
- Martin Kuzaj, EVP and President, Industry business group
- Andy Goodwin, EVP and President, Urban and Mobility business group
- Bernd Kordes, EVP and President, Water & Environment business group
(also acting President, Management Consulting business group)
- Esa Ikäheimonen, Chief Financial Officer
- Richard Pinnock, EVP, Group Strategic Growth
- Camilla Grönholm, EVP, Human Resources
- Anne Viitala, EVP, Legal and Commercial

Vision impact on Pöyry offerings and geographical focus

The new vision will drive Pöyry's offerings and the company will
sharpen its focus on larger projects, management consulting,
cost-effectiveness in detail engineering and core geographical
markets.

Large projects: Pöyry has over the past several years been successful
in executing large EPCM (engineering, procurement and construction
management) projects predominantly in pulp and paper and various
energy areas. Additionally, medium size EPC (engineering, procurement
and construction) projects have been successfully executed in energy.
Pöyry is well-positioned to boost revenue and profitability by
growing its involvement in projects in the EUR 1 billion to 2 billion
investment range and above with a larger Pöyry share and scope. The
focus will primarily be on EPCM projects, but Pöyry will gradually
expand its EPC projects where value can be added to our clients, and
risks effectively managed in line with the company's financial and
other capabilities. The company will differentiate through offering"packaged" total solutions, integrating project management,
construction and procurement management and management of balanced
sustainability with cost competitive engineering services. Pöyry will
invest in further developing the necessary competences and tools to
enable this strategic growth. Targeted acquisitions may also be used
to accelerate the capture of these competences and skills.

Management consulting services: Pöyry has a strong position in
providing management consulting services to energy and forest
industry clients. Clients will face challenges to balance complex and
controversial aspects in their operations and this will increase the
demand for advisory services especially in strategy, public policy,
sustainability, product markets, M&A and performance improvement.
Bringing the management consulting activity together into one
business group will strengthen the value of the Pöyry brand in the
field of consultancy, create critical mass and attract more talent
into this growing business.

Geographic focus: Pöyry has also revisited its geographical focus.
The company intends to offer its full package of services to
establish a strong, long-term position in countries that will offer
the best growth opportunities. These core markets will include
selected emerging markets, especially Brazil, Russia and Asia. Pöyry
will continue to consolidate and strengthen its position in its
traditional core markets such as Central and Southern Europe, in a
combination that optimises profitability and growth. In the future,
Pöyry will add countries to its core markets where it sees
opportunities to increase its offering.

Accelerated growth and profitability

Pöyry targets an average annual long term growth of 15 per cent. The
Group repeats its earlier operating profit margin target for each
business group of minimum 8 per cent in the medium term and 10 per
cent in the long term, which it will achieve assuming relatively fast
recovery of the global economy from the present recession. Key
components in improving profitability are the move towards higher
value activities such as project management and management
consulting, and increased efficiency leading to lower relative fixed
costs."We aim to be one of the world's leading consulting engineering
companies by 2020.  Selected new business sectors, stronger focus,
management consulting, larger projects and excellence in design and
execution are in the forefront in achieving our growth and
profitability targets. As a thought-leader and agenda setter, and
through investments in developing our future capabilities, we will be
able to offer very exciting professional opportunities to both
current and future staff. Added with exceptional customer intimacy,
this vision will position us well in the changing market and respond
to the clients' increasing needs regarding sustainability", comments
Heikki Malinen, President and CEO, Pöyry PLC.

Pöyry is a global expert in consulting and engineering. We offer our
clients in-depth industry expertise, innovative solutions and
lifecycle engagement. Our knowledge extends across hydropower, oil
and gas, power and heat, renewable energy, pulp and paper industry,
chemical process industry, transportation, water and environment, and
construction services. We have about 7000 experts in 49 countries.

PÖYRY PLC

Heikki Malinen
President and CEO

Teuvo Salminen
Deputy to President and CEO

Additional information by:
Heikki Malinen, President and CEO, Pöyry PLC
Tel. +358 10 33 21307
Teuvo Salminen, Deputy to President and CEO, Pöyry PLC
Tel. +358 10 33 22872

www.poyry.com

Press conference
A press conference in Finnish will be held on Wednesday, 2 December
at 12.00 Finnish time at Hotel Klaus K's Ahjo conference room at
Bulevardi 2/4, Helsinki. The conference will be hosted by Heikki
Malinen, President and CEO of Pöyry, who will present the new vision
and the new business structure.

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NASDAQ OMX Helsinki
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