Outokumpu Oyj - Company Announcement

Outokumpu renews leadership team to accelerate strategy execution

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
June 14, 2013 at 10.00 am EET


Outokumpu announced today changes in its Leadership Team in order to further
accelerate the production optimization and capacity reductions. Jarmo Tonteri
will lead the Stainless Coil EMEA as well as the High Performance Stainless and
Alloys business areas. This will enable the company to tap into additional
synergy opportunities between these business areas. Company has agreed with
Ulrich Albrecht-Früh, the current head of business area Stainless Coil EMEA,
that he will leave Outokumpu to pursue other career opportunities outside the
company. 

Says Mika Seitovirta, Outokumpu CEO: “In the current market environment we see
a need for further acceleration of Outokumpu's production optimization. We will
therefore place our European production units under the leadership of Jarmo
Tonteri. During the past two years Jarmo has delivered excellent results in
restructuring Outokumpu's specialty stainless operations back to the path of
profitability. I trust that his 35 years' experience and focus will accelerate
the transformation and turn-around of Outokumpu.” 

As part of these changes Outokumpu will conduct a strategic review of its cold
rolling and precision strip operations in Nyby and Kloster, Sweden and in
Dahlerbrück, Germany with the aim of reducing production capacity and achieving
further cost savings through increased efficiencies. Decisions based on the
strategic review are expected to be made by the end of 2013. 

Outokumpu's segment reporting continues as before with four business areas with
sales, production, supply chain and profit responsibility: 

•   Stainless Coil EMEA
•   Stainless Coil Americas
•   Stainless APAC
•   High Performance Stainless and Alloys

Jarmo Tonteri will assume his new position as the head of Stainless Coil EMEA
as of today. 

Pekka Erkkilä joins Outokumpu as Chief Technology Officer

Outokumpu appoints Pekka Erkkilä as Executive Vice President, Chief Technology
Officer and a member of the Outokumpu Leadership Team. He will start at
Outokumpu on September 1, 2013 and report to CEO Mika Seitovirta. 

Erkkilä will be responsible for Outokumpu's global production and technology
strategy and capital investments optimization. In addition, he will be
responsible for company's global research and development strategy as well as
company's sustainability activities. He will be based in Outokumpu head office
in Espoo, Finland. 

Erkkilä has more than 30 years of experience in stainless steel and mining
industries and he has formerly been employed by Outokumpu during 1983 - 2010.
He returns to Outokumpu from Outotec, a leading technology provider for metals
and mining industries where he currently holds the position of Executive Vice
President of Ferrous Solutions business area. 

Says Mika Seitovirta: “I'm very excited to have Pekka Erkkilä join the
Outokumpu team. His vast experience and knowledge of the industry will be
extremely valuable as we develop the optimal production and technology
strategies for Outokumpu for the coming years.” 

Says Pekka Erkkilä: “Outokumpu is a Finnish industry icon and I'm very happy to
re-join the company to contribute to its success. Outokumpu's new position as
the global market leader in stainless steel offers us great opportunities to
develop the business further and add value to our customers.” 

For more information:

Investors: Kari Tuutti, tel. +358 9 421 2432, mobile +358 40 717 0830
Media: Saara Tahvanainen, tel. +358 9 421 3265, mob. +358 40 589 0223

Outokumpu Group



Outokumpu is the global leader in stainless steel and high performance alloys.
We create advanced materials that are efficient, long lasting and recyclable -
thus building a world that lasts forever. Stainless steel, invented a century
ago, is an ideal material to create lasting solutions in demanding applications
from cutlery to bridges, energy and medical equipment: it is 100% recyclable,
corrosion-resistant, maintenance-free, durable and hygienic. Outokumpu employs
more than 16 000 professionals in more than 40 countries, with headquarters in
Espoo, Finland and shares listed in the NASDAQ OMX Helsinki. www.outokumpu.com

Attachments:

OTE_Pekka_Erkkila.jpg

Changes to accelerate strategy execution 14062013 ENG.pdf