HELSINKI, Finland, Oct. 30, 2002 (PRIMEZONE) -- Metso Corporation's (NYSE:MX) Board of Directors has appointed Olli Vaartimo (52), M.Sc. (Econ), as the Corporation's Executive Vice President, CFO and Deputy to the President. Vaartimo will start in this position by May 1, 2003. Olli Vaartimo is currently President of Metso Minerals. Prior to his current position, he was Executive Vice President of Rauma Corporation from 1991 and President of Rauma Corporation's Nordberg Group from 1993. Vaartimo joined Rauma-Repola in 1974.
Sakari Tamminen, Metso's Executive Vice President and CFO, will become President and CEO of Rautaruukki as of January 1, 2004. He will become Senior Executive Vice President of Rautaruukki by May 1, 2003.
Metso Corporation is a global supplier of process industry machinery and systems, as well as knowhow and aftermarket services. The corporation's core businesses are fiber and paper technology (Metso Paper), rock and mineral processing (Metso Minerals) and automation and control technology (Metso Automation). In 2001, the net sales of Metso Corporation were EUR 4.3 billion and the personnel totaled approximately 30,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.