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Jorma Eloranta appointed as new President and CEO of Metso Corporation.

Europe Intelligence Wire

| December 01, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Hugin)

Metso's new President and CEO Jorma Eloranta will be presented to the press today at 1.00 pm local time at Metso's headquarters, Fabianinkatu 9 A, Helsinki.

Metso Corporation's Board of Directors has decided in its meeting on November 28, 2003 to appoint Jorma Eloranta, M.Sc. (Tech.), President and CEO of Metso Corporation. Jorma Eloranta will start in his new position on March 1, 2004. Jorma Eloranta is currently President and CEO of Kvaerner Masa-Yards Inc. Under his leadership Kvaerner Masa-Yards has executed a significant turnaround program and improved its profitability to a good level. Prior to his current position, he has been President and CEO of Patria Industries Group, Deputy Chief Executive of Finvest Group and Jaakko Poyry Group as well as President of Finvest Oy. "Metso is the market leader of papermaking lines and rock and minerals processing systems. To become the market leader, you must have not only products and services the customer rates the best but also the most cost-efficient way of operating. The starting point is to ensure that ...

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