Cargotec's recruitment process for a new President and CEO still on-going

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 16 JANUARY 2013 AT 8.30 A.M. (EET) As announced in 4 October 2012, Cargotec's Board of Directors has started a recruitment process for a new President and CEO for the company. This recruitment process is still on-going.  Tapio Hakakari, Vice Chairman of Cargotec's Board of Directors, continues as Cargotec's interim President and CEO. Further information for the press: Anne Westersund, Vice President Communications, tel. + 358 20 777 4460 Further information for investors: Eeva Sipilä, CFO, tel. +358 20 777 4105 Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084 Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's daughter brands, Hiab, Kalmar and MacGregor are recognised leaders in cargo and load handling solutions around the world. Cargotec's global network is positioned close to customers and offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec's sales totalled EUR 3.1 billion in 2011 and it employs approximately 10,500 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Cargotec Oyj via Thomson Reuters ONE [HUG#1670722]