Outotec Oyj - Changes board/management/auditors

Outotec establishes a Services business unit and appoints Kimmo Kontola as President of Minerals Processing

OUTOTEC OYJ  STOCK EXCHANGE RELEASE  DECEMBER 21, 2016 at 10:00 AM

Outotec establishes a Services business unit and appoints Kimmo Kontola as
President of Minerals Processing

In order to strengthen its focus on service business, Outotec has decided to
change its business structure and establish a Services business unit as of April
1, 2017. The change aims at further developing Outotec's service offering and
capabilities close to customers.

The recruitment of the head for the Services business unit has been started.
Until the appointment of a Services business unit head, CEO Markku Teräsvasara
will lead the design work of the new business unit.

Mr. Kimmo Kontola, MBA, B.Sc. (Chemical Eng.), 54, has been appointed President
of Minerals Processing business unit and a member of the Executive Board of
Outotec as of January 1, 2017. Kimmo Kontola has a long experience within
Outotec in various leadership positions. He is currently leading the
Beneficiation business line in Minerals Processing business unit and, prior to
that, he was head of Outotec's Americas region.

"Outotec has plenty of untapped potential for service business in its installed
base. We are establishing a new Services business unit to further strengthen the
focus and management of our service business. After this change, we will have an
better clarity in Outotec's business mode with three business units. With
stronger operational focus we aim to improve our performance and customer
satisfaction. I am also pleased that we have been able to nominate Kimmo Kontola
from within the company to lead the minerals processing business", says Markku
Teräsvasara, President and CEO of Outotec.

The company has two reporting segments according to IFRS 8: Minerals Processing
and Metals, Energy & Water.  The service business will continue to be reported
as part of the two reporting segments, Minerals Processing and Metals, Energy &
Water.


For further information, please contact:

OUTOTEC

Markku Teräsvasara, CEO
Tel. +358 20 529 211

Kaisa Aalto-Luoto, SVP, Human Resources & Communications
Tel. +358 20 529 4005

Emails: firstname.lastname@outotec.com

DISTRIBUTION:
NASDAQ Helsinki
Main media
www.outotec.com


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