Pia Aaltonen-Forsell appointed Vacon's new CFO

Vacon Plc, Stock Exchange Release, 22 January 2013 at 9.30 am (EET) Pia Aaltonen-Forsell, M.Soc.Sc. (born 1974), has been appointed Chief Financial Officer of Vacon Plc and member of the company's Executive Management Team. Pia Aaltonen-Forsell will join Vacon from Stora Enso, where she has held several managing positions in finance and control including SVP Group Controller, and her latest position as SVP Finance, IT and M&A, Building and Living Business Area. "We are very happy to welcome Pia to join the Vacon Group. Her long experience working in finance and control, and in management positions in a large listed company will be a great asset to Vacon," says Vesa Laisi, Vacon's President and CEO. Vacon Plc's previous CFO, Eriikka Söderström, resigned to join KONE Corporation. Söderström will continue at Vacon until 5 February 2013. Pia Aaltonen-Forsell will join Vacon by 1 May 2013 at the latest. VACON PLC Further information: * Vesa Laisi, President and CEO, phone +358 (0)40 8371 510, vesa.laisi(at)vacon.com * Sebastian Linko, Director, Corporate Communications and Investor Relations, +358 (0)40 8371 634, sebastian.linko(at)vacon.com Vacon in brief: Vacon is driven by a passion to develop, manufacture and sell the best AC drives and inverters in the world - and provide customers with efficient product lifecycle services. Our AC drives offer optimum process control and energy efficiency for electric motors. Vacon inverters play a key role when energy is produced from renewable sources. Vacon has production and R&D facilities in Europe, Asia and North America, and sales offices in 27 countries. Further, Vacon has sales representatives and service partners in nearly 90 countries. In 2011, Vacon's revenues amounted to EUR 380.9 million, and the company employed globally approximately 1,500 people. The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki). Driven by Drives, www.vacon.com Distribution: NASDAQ OMX Helsinki Financial Supervisory Authority Main media 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: Vacon Oyj via Thomson Reuters ONE [HUG#1672027]