Harry Ollila to lead Konecranes’ new Market Operations function

Stock exchange releases

Konecranes Group is strengthening its sales management structure with the establishment of a Market Operations function. Harry Ollila has been appointed in charge of the new function. He will continue in Konecranes’ Group Executive Board and will report to CEO Pekka Lundmark. Market Operations is responsible for sales management and sales support, global account management, and development of solution marketing. Konecranes’ regional organizations will report to Harry Ollila. Mr. Ollila has been working for Konecranes since 1991, he is currently President, Northeast Asia. The new organization will take effect September 1, 2009. The external reporting of the geographical regions will remain unchanged.

In the same conjunction, on September 1, 2009, Konecranes will shift to a two-tiered management structure consisting of the Group Executive Board and Extended Management Team. The Group Executive Board members are: Pekka Lundmark, President and CEO, and Chairman of the Group Executive Board; Hannu Rusanen, Service; Mikko Uhari, Equipment; Harry Ollila, Market Operations; Teo Ottola, Chief Financial Officer; Pekka Lettijeff, Procurement; and Ari Kiviniitty, Technology.

In addition to the Group Executive Board members, the members of Extended Management Team include the Presidents of the regional organizations, Director, General Counsel; Director, Talent Management and Director, Marketing and Communications.


ADDITIONAL INFORMATION
Press:
Pekka Lundmark, President and CEO
e-mail: [email protected] or tel. +358 20 427 2000

Investors and analysts:
Sanna Päiväniemi, Investor Relations Manager
e-mail: [email protected] or tel. +358 20 427 2050


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 2008, Group sales totaled EUR 2,103 million. The Group has about 9,900 employees, at more than 485 locations in 43 countries. Konecranes is listed on the NASDAQ OMX Helsinki Exchange (symbol: KCR1V).


DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Media
www.konecranes.com