Olli Vaartimo to become Metso’s EVP

Metso Corporation has appointed Olli Vaartimo (52) as the Corporation’s Executive Vice President, CFO and Deputy to the President. Vaartimo will start in this position by 1 May 2003. Olli Vaartimo is currently President of Metso Minerals. Prior to his current position, he was Executive Vice President of Rauma Corporation from 1991 and President of Rauma
Corporation’s Nordberg Group from 1993. Vaartimo joined Rauma-Repola in 1974. Sakari Tamminen, Metso’s Executive Vice President and CFO, will become President and CEO of Rautaruukki as of 1 January 2004. He will become Senior Executive Vice President of Rautaruukki by 1 May 2003.

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