CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 25 OCTOBER 2013 AT 2 PM (EEST)
Cargotec's Executive Board member, President, Hiab business area, Axel
Leijonhufvud will resign from Cargotec.
"Axel Leijonhufvud has during almost seven years successfully developed our
supply operations at Cargotec to a level required in today's business and he has
also started the renewal of Hiab. I would like to thank him for his
contribution," says President and CEO Mika Vehviläinen.
President and CEO Mika Vehviläinen will take over as the interim head of Hiab
business area as of 25 October 2013. The recruitment process for a new head of
Hiab business area has started.
From 25 October 2013 the members of Cargotec's Executive Board are President and
CEO Mika Vehviläinen, Executive Vice President and Chief Financial Officer Eeva
Sipilä, Senior Vice President, Human Resources Mikko Pelkonen and business area
Presidents Eric A. Nielsen (MacGregor) and Olli Isotalo (Kalmar). Senior Vice
President, General Counsel Outi Aaltonen acts as Secretary to the Executive
Further information for the press:
Mika Vehviläinen, President and CEO, tel. +358 20 777 4100
Anne Westersund, Senior Vice President, Communications and Public Affairs, tel.
+358 20 777 4460
Further information for investors:
Eeva Sipilä, Executive Vice President and CFO, tel. +358 20 777 4104
Cargotec improves the efficiency of cargo flows on land and at sea - wherever
cargo is on the move. Cargotec's brands MacGregor, Kalmar and Hiab are
recognised leaders in cargo and load handling solutions around the world.
Cargotec's global network is positioned close to customers and offers extensive
services that ensure the continuous, reliable and sustainable performance of
equipment. Cargotec's sales totalled EUR 3.3 billion in 2012 and it employs
approximately 10,000 people. Cargotec's class B shares are quoted on NASDAQ OMX
Helsinki under symbol CGCBV. www.cargotec.com
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