Konecranes Oyj - Changes board/management/auditors

CHANGES IN KONECRANES’ OPERATIONAL MODEL AND GROUP EXECUTIVE BOARD

KONECRANES PLC STOCK EXCHANGE RELEASE  December 19, 2012 at 14:00

Konecranes is simplifying its structure as from January 1, 2013 to further
improve result accountability, clarity, speed, and cost efficiency. This will
also change the composition of the Group Executive Board. 

The main changes are as follows:

- The current Market Operations and Business Area Service organizations will be
consolidated under a single executive in the Group Executive Board (GXB), thus
eliminating the current matrix structure in Business Area Service and allowing
it to be managed as a straightforward line organization. Business Area
Equipment will continue to operate as a matrix organization within the
Konecranes Regions. 

To head up this new organization, Fabio Fiorino has been appointed Executive
Vice President, Business Area Service & Chief Customer Officer. Mr. Fiorino is
currently holding a position of Executive Vice President, Business Area
Service. 

- A new function, Strategy and Technology, is being created in the Group
Executive Board. To head up this function, Mikko Uhari has been appointed
Executive Vice President, Strategy and Technology. Mr. Uhari is currently
holding a position of Executive Vice President, Market Operations. 

- The heads of the Human Resources and Information Systems functions will
become members of the Group Executive Board and report directly to the
President & CEO. 

Jaana Rinne, VP Human Resources, has given notice that she will be pursuing
opportunities outside of Konecranes. The recruitment process for the new head
of HR has started, and once the new person has been appointed he/she will
report directly to the President & CEO. During her period of notice, Jaana
Rinne will continue to report to CFO Teo Ottola. Antti Koskelin, Chief
Information Officer, will report directly to the President & CEO as of January
1, 2013. 

As of January 1, 2013, the Group Executive Board will comprise the following
members: 

Pekka Lundmark, President and CEO (Chairman of Group Executive Board)
Fabio Fiorino, Executive Vice President, Business Area Service, Chief Customer
Officer 
Hannu Rusanen, Executive Vice President, Business Area Equipment
Teo Ottola, Chief Financial Officer
Mikko Uhari, Executive Vice President, Strategy and Technology
Antti Koskelin, Chief Information Officer


KONECRANES PLC


Miikka Kinnunen
Director, Investor Relations


FURTHER INFORMATION
Analysts and Investors:
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc, tel. +358 (0)20
427 2050 

Press:
Mikael Wegmüller, Vice President, Marketing and Communications, Konecranes Plc,
tel. +358 20 427 2008 



Konecranes is a world-leading group of Lifting Businesses™, serving a broad
range of customers, including manufacturing and process industries, shipyards,
ports and terminals. Konecranes provides productivity-enhancing lifting
solutions as well as services for lifting equipment and machine tools of all
makes. In 2011, Group sales totaled EUR 1,896 million. The Group has 12,100
employees at 609 locations in 47 countries. Konecranes is listed on the NASDAQ
OMX Helsinki (symbol: KCR1V). 


DISTRIBUTION
NASDAQ OMX Helsinki
Media
www.konecranes.com