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Outokumpu Oyj (HEL:OUT1V) STOCK EXCHANGE RELEASE October 23, 2008 at 12.45 p.m.
Ms Pii Kotilainen has been appointed Executive Vice President - Human Resources and member of the Group Executive Committee as of March 1, 2009. She joins Outokumpu on January 1, 2009 and reports to CEO Juha Rantanen. Ms Kotilainen succeeds Timo Vuorio who will retire at the end of April 2009.
Pii Kotilainen is a Finnish citizen, born 1960 and holds a Master of Science in Economics from Helsinki School of Economics and Business Administration. Her latest position was Senior Vice President, Group Human Resources in Huhtamaki Oyj. Before that she has held various strategic global HR roles within Nokia Group.
"I am very pleased to welcome Pii to Outokumpu. She has a strong professional background and a business oriented mindset which will certainly support us when implementing our strategy and developing the global organization. I also want to thank Timo for his great contribution in building a strong HR function with focus on people and leadership development. For me it has been very enjoyable to work with Timo, as we share the same fundamental belief in the potential of a committed and motivated personnel", says CEO Juha Rantanen.
Timo Vuorio will stay in Outokumpu during the transition period from March 1 to April 30, 2009 and act as Senior Advisor for Outokumpu's HR Function ensuring a successful handover of duties to Pii Kotilainen.
