Outotec's Board of Directors has appointed Mr. Markku Teräsvasara (51) as Chief Executive Officer. He will commence in his new position on November 1, 2016 at the latest.

Markku Teräsvasara is currently President of Atlas Copco's Mining and Rock Excavation Service Division. He has been employed by Atlas Copco since 1997.

"Markku Teräsvasara has long experience in the equipment and service businesses within the mining industry. Before his current position, he was leading Atlas Copco's Surface Drilling Equipment Division based in China. He has managed his businesses extremely successfully in the cyclical industry. I am confident that he has excellent prerequisites to be successful in his new position. The Board was also impressed by his career which has shown an upward trend in the industry's leading global company Atlas Copco", states Outotec's Chairman of the Board Mr. Matti Alahuhta.

Outotec's Board of Directors and Pertti Korhonen have agreed that Pertti Korhonen will leave the duties of the Chief Executive Officer with immediate effect.