Cargotec - Changes board/management/auditors

Cargotec appoints Mikko Puolakka as Chief Financial Officer

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 22 MARCH 2016 AT 9.00 AM (EET)

Cargotec appoints Mikko Puolakka as Chief Financial Officer

Mikko Puolakka, M.Sc. (Econ.), (b. 1969) has been appointed Cargotec's Chief
Financial Officer (CFO) as of 1 May 2016. He will be a member of the Executive
Board and report to CEO Mika Vehviläinen.

Mikko Puolakka has previously held the positions of CFO at Outotec Oyj and CFO
at Elcoteq SE, as well as several financial management positions in Elcoteq and
in the Huhtamaki Group.

"I warmly welcome Mikko to Cargotec. He brings with him a solid experience in
wide-scale financial leadership and development. I expect a strong contribution
from him to the company strategy execution and to further development of our
financial processes," says Cargotec's CEO Mika Vehviläinen.

"Cargotec's global business, the further development of financial management and
the possibility to participate in a central role to the realisation of company
targets will make my work particularly interesting. I am excited to join
Cargotec, a company that is a recognised leader in its field," says Mikko
Puolakka.

As earlier announced, Cargotec's current CFO Eeva Sipilä will take up the
position of CFO at Metso Corporation in the beginning of August.


Further information:
Mika Vehviläinen, CEO, tel. +358 20 777 4101
Leena Lie, Senior Vice President, Communications, tel. + 358 20 777 4483

Cargotec (Nasdaq Helsinki: CGCBV) is a leading provider of cargo and load
handling solutions with the goal of becoming the leader in intelligent cargo
handling. Cargotec's business areas Kalmar, Hiab and MacGregor offer products
and services that ensure our customers a continuous, reliable and sustainable
performance. Cargotec's sales in 2015 totalled approximately EUR 3.7 billion and
it employs almost 11,000 people. www.cargotec.com

[HUG#1996623]

Viðhengi:

Mikko Puolakka CV, pdf.pdf

Mikko Puolakka, picture.jpg