Rautaruukki management

Mikko Kivimaki, President and CEO of Rautaruukki Group, is to retire on 1January 2004. Rautaruukki’s new President and CEO as per 1 January 2004, Sakari Tamminen, will start at the company as Senior Executive Vice President and Deputy to the President and CEO on 22 April 2003. From that date he will be responsible for the operational management of the Group. Rautaruukki Group’s business divisions, Rautaruukki Steel, Metform, Steel Structure Division, Steel Service and Fundia AB, will report to Sakari Tamminen. Seppo Sahlman, CFO, and Peter Sandvik, Executive Vice President, responsible for Research and Development, will report to Sakari Tamminen. Other Executives and Senior Vice Presidents of the Group Administration will report for the time being to Mikko Kivimaki. Sakari Tamminen will also attend Rautaruukki Board meetings.

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