Cargotec - Changes board/management/auditors

Cargotec Appoints Pekka Vauramo as President of Kalmar Business Area

Cargotec Corporation, Stock Exchange Release, June 5, 2007 at 10:00
a.m. Finnish time

Pekka Vauramo (50) has been appointed President of Cargotec's Kalmar
business area starting from October 1, 2007.  He joins Cargotec on
September 1, 2007. Pekka Vauramo is currently President of the global
Underground Hard Rock Mining segment at Sandvik Mining and
Construction. He is also Managing Director of Sandvik Mining and
Construction Oy in Finland. Christer Granskog (59), current President
of Kalmar, will in accordance with his contract retire by the end of
2007 after supporting a smooth transition."Today's Kalmar has been built under Christer Granskog's time. Kalmar
has been successfully transformed from a manufacturing company into a
global customer and services oriented company with a strong assembly
set-up. Through several acquisitions Kalmar has developed into a
unified global business. I would like to thank Christer Granskog for
his accomplishments and wish him all the best for the future", states
Cargotec's President and CEO Mikael Mäkinen.

Mikael Mäkinen continues: "I am extremely pleased to announce Pekka
Vauramo as Christer Granskog's successor. Pekka Vauramo has a strong
track record within Sandvik of growing a global business profitably.
Many of the challenges in the global scale and customer needs are
similar to what we want to further develop within Kalmar. I am
confident Pekka Vauramo's experience and skills will contribute
markedly as we continue to build Kalmar into the undisputed market
leader providing the most productive solutions in order to help our
customers respond to the increasing demands on cargo handling speed
and efficiency".

Pekka Vauramo, M.Sc.(Mining), has worked in various positions at
Sandvik Mining and Construction, formerly Tamrock, since 1985 in
Finland, Far East and North America. His photo and CV are available
on Cargotec's web pages at www.cargotec.com.


Sender:
Cargotec Corporation

Kari Heinistö
Senior Executive Vice President and CFO

Eeva Mäkelä
SVP, Investor Relations and Communications

For further information, please contact:
Mikael Mäkinen, President and CEO, tel. +358 204 55 4262
Pekka Vauramo, Managing Director, Sandvik Mining and Construction Oy,
tel. +358 204 55 4243
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358
204 55 4281

Cargotec is the world's leading provider of cargo handling solutions
whose products are used in the different stages of material flow in
ships, ports, terminals, distribution centers and local
transportation. Cargotec Corporation's brands, Hiab, Kalmar and
MacGREGOR, are market leaders in their fields and well-known among
customers all over the world. Cargotec's net sales are EUR 2.7
billion. The company employs over 9,000 people and operates in close
to 160 countries. Cargotec's class B shares are quoted on the
Helsinki Stock Exchange.

www.cargotec.com

Priedai:

Picture

CV