Outokumpu appoints Reinhard Florey as Chief Financ

OUTOKUMPU OYJ STOCK EXCHANGE RELEASE July 24, 2013 at 9.05 am EET    Outokumpu appoints Reinhard Florey as Executive Vice President and Chief Financial Officer as of November 1, 2013. He will report to CEO Mika Seitovirta and continue to be a member of the Outokumpu Leadership Team. Reinhard Florey takes on the role from Esa Lager, whose intention to leave the position by the end of 2013 was announced on February 14, 2013.   Reinhard Florey’s current position in Outokumpu is Executive Vice President responsible for strategy and integration. Before joining Outokumpu at the end of 2012, he held several senior leadership positions at McKinsey & Company and ThyssenKrupp AG, including CFO positions for Inoxum GmbH and for ThyssenKrupp Steel Americas LLC.

Says Outokumpu CEO Mika Seitovirta: “I am very pleased to have Reinhard take on the exciting role of Outokumpu CFO. His extensive financial experience and knowledge of the stainless steel industry will be extremely valuable as we drive Outokumpu towards stronger financial results. In this connection I would like to express my warmest thanks to Esa Lager for his tremendous contribution to Outokumpu during the past 23 years. Esa’s knowledge and experience has been an invaluable asset as we have transformed Outokumpu to become the new global leader in stainless steel.”

Says Reinhard Florey: “I am very much looking forward to this new challenge. We have a number of important projects and improvement efforts ongoing to manage our balance sheet and overall financial performance. I am eager to contribute to the success of these activities in this new role. Ensuring financial stability is a cornerstone of our strategic roadmap, and we will concentrate all our efforts to providing a sound financial foundation for our company’s leadership position in the global stainless steel industry.”

For more information: Investors: Tamara Weinert, tel. +358 40 751 7194

Media: Saara Tahvanainen, tel. + 358 40 589 0223

Outokumpu Group

Outokumpu is the global leader in stainless steel and high performance alloys. We create advanced materials that are efficient, long lasting and recyclable – thus building a world that lasts forever. Stainless steel, invented a century ago, is an ideal material to create lasting solutions in demanding applications from cutlery to bridges, energy and medical equipment: it is 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic. Outokumpu employs more than 16 000 professionals in more than 40 countries, with headquarters in Espoo, Finland and shares listed in the NASDAQ OMX Helsinki. www.outokumpu.com