Due to Terex Corporation's ("Terex") shareholding falling below 10 percent of all outstanding Konecranes Plc ("Konecranes") shares in the share sale announced earlier today, the Terex appointed members to Konecranes' Board of Directors Mr. David A. Sachs and Mr. Oren G. Shaffer have resigned from the Board of Directors as of May 23, 2017, in accordance with § 5 of Konecranes' Articles of Association.
Apart from the resignations of Mr. David A. Sachs and Mr. Oren G. Shaffer, there are no other changes to the composition of Konecranes' Board of Directors.
KONECRANES PLC
Miikka Kinnunen
Vice President, Investor Relations
FURTHER INFORMATION
Miikka Kinnunen, Vice President, Investor Relations, Konecranes Plc, tel. +358 (0)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 of all makes. In 2016, Group (comparable combined company) sales totaled EUR 3,278 million. The Group has 17,000 employees at 600 locations in 50 countries. Konecranes class A shares are listed on the Nasdaq Helsinki (symbol: KCR).
DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com