Outokumpu Oyj - Change in the Executive Committee - Deputy CEO Kaitue to leave the company
20 October 2011 at 8.45 am EET
Outokumpu and Karri Kaitue, Deputy CEO, have jointly agreed that he will leave his current position and the Group Executive Committee on 1 November 2011. Mr Kaitue will work actively and contribute to agreed projects until 31 December 2011 to ensure the smooth transition of his duties. His employment by the company ends on 30 June 2012.
CEO Mika Seitovirta: "Outokumpu would like to thank and acknowledge Karri Kaitue for his long-term contribution to the development of the company in its different phases over the years, particularly in developing and driving Outokumpu's strategic agenda."
Outokumpu is a global leader in stainless steel with the vision to be the undisputed number one. Customers in a wide range of industries use our stainless steel and services worldwide. Being fully recyclable, maintenance-free, as well as very strong and durable material, stainless steel is one of the key building blocks for sustainable future. Outokumpu employs some 8 000 people in more than 30 countries. The Group's head office is located in Espoo, Finland. Outokumpu is listed on the NASDAQ OMX Helsinki.