Vacon - Changes board/management/auditors

Vacon reorganizes Executive Management Team

Vacon Plc, Stock Exchange Release, 5 January 2012 at 9.30 am

Vacon Plc is reshaping its Executive Management Team and re-allocating
responsibilities. The main objectives of the changes are to streamline the
Group's management model, clarify the reporting hierarchy within the global
organization, and raise efficiency.

In the new model for allocating responsibility, Vacon's operations are divided
into three main areas, namely Market Operations, Product Operations and Support
Functions. Market Operations include sales, marketing, product marketing and
customer and maintenance services. Product Operations comprise research, product
development and product management, as well as production, materials sourcing,
logistics and product support. Support Functions include human resources,
finance and legal, ICT, corporate communications and investor relations. Vacon
will reorganize its global operations during the first quarter of 2012 to bring
them in line with the new allocation of responsibilities within the Executive
Management Team.

As from 5 January 2012, the members of the Vacon Executive Management Team are:
President and CEO Vesa Laisi; Heikki Hiltunen, Executive Vice President, Market
Operations; Jukka Kasi, Executive Vice President, Product Operations; Tuula
Hautamäki, Senior Vice President, Human Resources;  and Eriikka Söderström,
Chief Financial Officer. President and CEO Vesa Laisi is chairman of the
Executive Management Team and the secretary is Sebastian Linko, Director,
Corporate Communications and Investor Relations. Heikki Hiltunen is deputy to
the president and CEO.

- "It is time for Vacon to take the next step in developing its global presence.
We are renewing our organization to bring it in line with the company's
strategy. Our goal is to build an organization that is clear and coherent and
with which we can achieve our targets for 2014", says President and CEO Vesa
Laisi.

Jari Koskinen (Vice President, Global Production Operations) and Timo Kasi (Vice
President, R&D), who were previously members of the Executive Management Team,
continue in the company's service, working in Product Operations, headed up by
Jukka Kasi, and remain in charge of their own areas of responsibility during the
transition phase. Jari Koskinen will be on study leave to write his doctoral
thesis as from 1 March 2012.



Further information:

  * President and CEO, Vesa Laisi, Phone +358 (0)40 837 1510, e-mail
    vesa.laisi(at)vacon.com
  * Director, Corporate Communications and Investor Relations, Sebastian Linko,
    +358 (0)40 837 1634, 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 to provide efficient life-cycle services for
its customers. Our AC drives offer optimum process control and energy efficiency
for electric motors. Vacon inverters are a key component in producing energy
from renewable sources. We have R&D and production units in Finland, the USA,
China and Italy, and sales & service offices in 27 countries. In 2010, Vacon had
revenues of EUR 338 million and globally employed 1,300 people. The shares of
Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange.

www.vacon.com

Distribution:
NASDAQ OMX Helsinki
Main Media
Financial Supervisory Authority



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