Outotec Oyj - Changes board/management/auditors

Changes in Outotec's operational structure and Executive Board

OUTOTEC OYJ  STOCK EXCHANGE RELEASE  NOVEMBER 20, 2015 at 9:00 AM

Changes in Outotec's operational structure and Executive Board

Outotec will as of January 1, 2016 change its operating model, corporate
structure and composition of Executive Board to adapt its operations to the
further weakened market situation. The change aims at strengthening customer
focus and service business growth, as well as reducing fixed costs by
streamlining the operating model.

In the new operating model, Outotec's business operations will consist of two
Business Units - Minerals Processing and Metals, Energy & Water - and a Markets
Unit. The Business Units continue as reporting segments and the Markets Unit
will be responsible for managing customer relationships, geographical Market
Areas as well as spare & wear part and maintenance service business. Current
regional structure will be dismantled and global support functions will be
consolidated.


Changes in the Executive Board

The Executive Board members and their responsibilities as of January 1, 2016
will be:

  * Mr Pertti Korhonen, President and CEO
  * Dr Kalle Härkki, Executive Vice President, President of Minerals Processing
    Business Unit
  * Mr Robin Lindahl, Executive Vice President, President of Metals, Energy &
    Water Business Unit
  * Mr Adel Hattab, Executive Vice President, President of Markets Unit
  * Mr Jari Ålgars, Chief Financial Officer, Finance & Control
  * Ms Nina Kiviranta, Senior Vice President, Legal, Contract Management &
    Corporate Responsibility
  * Ms Pia Kåll, Senior Vice President, Strategy, Marketing & Operational
    Excellence
  * Ms Kirsi Nuotto, Senior Vice President, Human Resources & Communications"The global market in minerals and metals processing has further weakened during
recent months. Therefore we need to adjust our operations and improve our cost
structure correspondingly. The targeted EUR 70 million savings are so
significant that structural changes are necessary. I am convinced that the new
operating model will strengthen Outotec's focus on customers and service
business, and will result to targeted savings in fixed costs," says Pertti
Korhonen, President and CEO of Outotec.

For further information please contact:

OUTOTEC

Pertti Korhonen, CEO
Tel. +358 20 529 211

Jari Ålgars, CFO
Tel. +358 20 529 2007

Emails: firstname.lastname@outotec.com

DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.outotec.com


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