Outokumpu Oyj - Changes board/management/auditors

Outokumpu announces plans on the new Outokumpu Leadership Team

STOCK EXCHANGE RELEASE
27 April at 8.30 am EET

Today Outokumpu announced preliminary plans concerning the new Outokumpu
Leadership Team to take effect upon the closing of the business combination of
Outokumpu and Inoxum following regulatory approval. 

The proposed Leadership Team would be composed of the following individuals:
• Mika Seitovirta, CEO
• Esa Lager, CFO
• Ulrich Albrecht-Früh, head of Stainless Coil EMEA
• Kari Parvento, head of Stainless Coil Americas and head of Ferrochrome
• Jarmo Tonteri, head of Specialty Stainless and Alloys
• Austin Lu, head of Stainless Asia
• Reinhard Florey, head of Strategy and Integration
• Kari Tuutti, head of Marketing, Communications and IR
• Head of HR will be nominated at a later stage

Ulrich Albrecht-Früh and Reinhard Florey are currently part of the Inoxum
management team while the other post-closing Leadership Team members are
currently part of the Outokumpu management. Pii Kotilainen, current head of
Outokumpu HR, will continue in her current role until the final HR appointment
is made. She will continue in another senior role in Outokumpu which will be
announced at a later stage. Hannu Hautala, member of the Outokumpu Group
Executive Committee and Karsten Lork and Frank Brüggestrat, members of the
Inoxum management board, are planned to have senior roles in the Stainless Coil
EMEA after the closing. 

Until completion of the transaction, Outokumpu and Inoxum will continue to
operate as separate and independent business operations. The current Outokumpu
Group Executive Committee members continue to operate with full authority in
their current roles. 

For more information, please contact:

Investors and analysts
Ingela Ulfves, Investor Relations
tel. +358 9 421 2438, mobile +358 40 515 1531
ingela.ulfves@outokumpu.com

Media
Kari Tuutti, Communications, IR and Marketing
tel. +358 9 421 2432, mobile +358 40 717 0830
kari.tuutti@outokumpu.com

OUTOKUMPU OYJ

Outokumpu is a global leader in stainless steel with the vision to be the
undisputed number one. Customers in a wide range of industries use our
stainless steel and services worldwide. Being fully recyclable,
maintenance-free, as well as very strong and durable material, stainless steel
is one of the key building blocks for sustainable future. Outokumpu employs
some 8 000 people in more than 30 countries. The Group's head office is located
in Espoo, Finland. Outokumpu is listed on the NASDAQ OMX Helsinki. 
www.outokumpu.com

Attachments:

ENG Planned Leadership Team 27.4.2012.pdf