Hiab appoints Nikolaus Scheurer as Vice President,

CARGOTEC CORPORATION, PRESS RELEASE, 20 MARCH 2017 AT 10 AM EET

Hiab, part of Cargotec, has appointed Nikolaus Scheurer as Vice President, Marketing and Communications as of 20 March 2017. He will report to Scott Hall , Senior Vice President, Sales & Services, be a member of Hiab's Sales & Services Leadership Team, and will be based out of the Hiab head office in Malmö, Sweden.

Nikolaus Scheurer will be responsible to further develop Hiab's brand, marketing and communication, supporting the company's ambition to be the Number One partner and leader in on-road load handling. With Hiab's strategic focus on building world-class services, developing and leading digital connected offerings, his role will also be to support the strategic direction and positioning of the organisation and its leadership, sales and services globally, and create value-add for Hiab's customers and stakeholders.

"Nikolaus is an internationally experienced senior marketing and communications leader. He comes with extensive B2B and B2C marketing and brand expertise across various industries, working at the forefront of digital development as well as leading through digital transformation. I am delighted to have Nikolaus join the Hiab team, to drive and support the building of Hiab's strategic position as the Number One preferred partner inspiring and shaping our industry," says Scott Hall.

In his latest corporate roles Nikolaus Scheurer was Global Director for Marketing Planning, Brand and Customer Insights with Sony Mobile, and General Manager, heading Global Marketing Activation at Maersk Line.

For more information, please contact: Scott Hall, Senior Vice President, Sales & Services, Hiab; scott.hall@hiab.com Ghita Jansson-Kiuru, Vice President, Human Resources, Hiab; ghita.jansson-kiuru@hiab.com, tel. +358 20 777 4136

Hiab is the world's leading provider of on-road load handling equipment. Customer satisfaction is the first priority for us. Around 3,000 professionals at Hiab work to provide high-performance products and services that meet customer needs globally. Our product range includes HIAB loader cranes, JONSERED recycling and forestry cranes, LOGLIFT forestry cranes, MOFFETT truck mounted forklifts and MULTILIFT demountables, as well as DEL, WALTCO and ZEPRO tail lifts. www.hiab.com

Hiab is part of Cargotec. Cargotec's (Nasdaq Helsinki: CGCBV) sales in 2016 totalled approximately EUR 3.5 billion and it employs over 11,000 people. www.cargotec.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...5b5d53ad14