Cargotec - Changes board/management/auditors

Cargotec develops its governance model further and strengthens service business' role across the company

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 23 MARCH 2010 AT 10:00 A.M. (EET)


Cargotec develops its governance model further and strengthens service business'
role across the company


Cargotec's governance model has been further developed resulting in changes in
the responsibility areas of three Executive Board members as of 1 April 2010.

Cargotec has appointed Pekka Vauramo Chief Operating Officer (COO) and he
continues as Deputy to CEO. Previously, he led the Industrial & Terminal
business area. In his new role Pekka Vauramo is responsible for Cargotec's three
business areas and Cargotec Regions.

As of 1 April 2010 Cargotec's businesses will be reorganised into three business
areas: Marine, Industrial & Terminal and Services. Cargotec's financial
reporting will as earlier announced be based on two reporting segments Marine
and Industrial & Terminal. In financial reporting the Services business will be
included in the figures of these two reporting segments while its sales will
continue to be reported as additional information.

The development of services in both Marine and Industrial & Terminal segments
will be driven by a joint Services organisation. Stefan Gleuel, who previously
led Service Solutions in the Industrial & Terminal business area, has been
appointed Executive Vice President, Services.

The Industrial & Terminal organisation will encompass the previous Product
Solutions organisation, and Unto Ahtola, who was previously responsible for
Product Solutions, Industrial & Terminal, has been appointed to lead the
Industrial & Terminal business area as Executive Vice President.

For further information please contact:

Mikael Mäkinen, President and CEO, tel. +358 204 55 4262
Minna Karhu, Vice President, Corporate Communications, tel. +358 204 55 4630

Further information for investors:

Eeva Sipilä, CFO, tel. +358 204 55 4281
Paula Liimatta, IR Manager, tel. +358 204 55 4634


Cargotec improves the efficiency of cargo flows on land and at sea - wherever
cargo is on the move. Cargotec's daughter brands, Hiab, Kalmar and MacGregor are
recognised leaders in cargo and load handling solutions around the world.
Cargotec's global network is positioned close to customers and offers extensive
services that ensure the continuous, reliable and sustainable performance of
equipment. Cargotec's sales totalled EUR 2.6 billion in 2009 and it employs more
than 9,500 people. Cargotec's class B shares are quoted on the NASDAQ OMX
Helsinki. www.cargotec.com


[HUG#1396450]