KONECRANES PLC - CHANGES IN KONECRANES' GROUP EXECUTIVE BOARD AND BUSINESS AREA EQUIPMENT STRUCTURE

Konecranes’ Business Area Equipment will change its structure from January 1, 2012. The objective of the change is to add organizational clarity and increase operational efficiency. This will also change the composition of the Group Executive Board.

A new Product Management and Engineering organization will be established to manage and coordinate products and engineering activities within the Business Area Equipment. At the same time, Global Procurement and Global Component Manufacturing units will be combined to form one Supply Chain Management unit.

From January 1, 2012, Business Area Equipment will have five business units: Industrial Cranes, Light Lifting, Alfa (marketing and distribution of components via other brands than Konecranes), Port Cranes and Lift Trucks.

Mr. Ari Kiviniitty is appointed Senior Vice President, Head of Product Management and Engineering. He also acts as deputy to Mr. Hannu Rusanen, Head of Business Area Equipment. Mr. Kiviniitty continues also as the acting Chief Technology Officer until a new person has been appointed to this position.

Mr. Pekka Lettijeff is appointed Chief Supply Chain Officer, Head of Supply Chain Management.

From January 1, 2012, Mr. Kiviniitty and Mr. Lettijeff will not continue as members of the Group Executive Board in their new positions as they will report to Mr. Rusanen, Executive Vice President, Head of Business Area Equipment.

As of January 1, 2012, the Group Executive Board (GXB) consists of the following members:

Pekka Lundmark, President and CEO, and Chairman of the Group Executive Board
Mikko Uhari, Market Operations
Hannu Rusanen, Business Area Equipment
Fabio Fiorino, Business Area Service
Teo Ottola, Finance and headquarter functions
Ari Kiviniitty, Chief Technology Officer (until a new person has been appointed to this position)


KONECRANES PLC


Miikka Kinnunen
Director, Investor Relations


FURTHER INFORMATION
Analysts and Investors:
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc, tel. +358 (0)20 427 2050

Press:
Mikael Wegmüller, Vice President, Marketing and Communications, Konecranes Plc, tel. +358 20 427 2008



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 2010, Group sales totaled EUR 1,546 million. The Group has 11,400 employees at 578 locations in 46 countries. Konecranes is listed on the NASDAQ OMX Helsinki (symbol: KCR1V).


DISTRIBUTION
NASDAQ OMX Helsinki
Media
www.konecranes.com