CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 13 SEPTEMBER 2013 AT 2.00 PM (EEST) Eric A. Nielsen, BSc, Mechanical Engineering, MBA (b. 1959) has been appointed President of the MacGregor business area as of 16 September 2013. He will be a member of the Executive Board and reports to President and CEO Mika Vehviläinen. Eric A. Nielsen has most recently held the position as Executive Vice President of Corporate Development for Joy Global Inc., a leading supplier of large scale mining equipment. He was responsible for the company's mergers and acquisitions and strategic planning activities. Before joining Joy Global Inc., Eric has held different senior executive positions in Terex Corporation and Volvo Construction Equipment. During his career in Volvo he steered the significant growth of the Volvo Excavators business unit, overseeing global marketing, R&D and manufacturing activities with major operations in Korea, China, Germany and the United States. "MacGregor is heading towards new challenges, and it is time to bring in new executive management to accelerate the growth and renewal. Eric has a strong track record within global machinery and engineering as well as in enhancing performance and growing business. His international background and experience in Scandinavian and Asian business world demonstrate his excellent capabilities to respond to changing customer demands," states Cargotec's President and CEO Mika Vehviläinen. "MacGregor is a market leader in marine business and has a determined focus to proactively respond to the needs and expectations of the customers. I am very excited to join the MacGregor team and work together with the talented and dedicated members of our global organisation. I strongly believe that there are opportunities and new innovations that will take our performance to even higher level," says Eric A. Nielsen. "Mikael Mäkinen has headed the preparations to list MacGregor to the Singapore stock exchange and to drive the consolidation of the industry, and he has succeeded well in executing these plans. As per his own decision not to move to Singapore, as the listing would require, Mikael will leave his current position as President of MacGregor on 15 September. He will report to the new President during the transition period. The Board of Directors and I thank Mikael for his dedication in developing Cargotec and its business areas into global market leaders. We all wish him every success in the future," says Mika Vehviläinen. Eric A. Nielsen's CV and hires image are attached. Further information for the press: Mika Vehviläinen, President and CEO, tel. +358 20 777 4101 Anne Westersund, Senior Vice President, Communications and Public Affairs, tel. + 358 20 777 4460 Further information for investors: Eeva Sipilä, Executive Vice President, CFO, tel. +358 20 777 4104 Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's brands MacGregor, Kalmar and Hiab 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 3.3 billion in 2012 and it employs approximately 10,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com [HUG#1729097]
Cargotec appoints Eric A. Nielsen to head MacGregor
Top 10 Most Recent News Articles
Zoomlion Boosts Mining Gear Amid Global Revenue Surge
An Ambitious Expansion Overhaul Alright, let's talk Zoomlion Heavy Industry Science & Technology Co., Ltd. They're not just making a splash; they're wading knee-deep into expanding their mining machinery operations and taking charge in international markets. You see, in the first half of 2026, this Chinese behemoth saw its mining machinery business skyrocket by over...
Continue Reading
CenterPoint Deploys Crews for Hurricane Aid Relief
CenterPoint’s Commitment Amidst Crisis Now, when a hurricane slams into the coast, it’s go time for everyone in the game. CenterPoint Energy, never one to sit on the sidelines, is showing up with a hefty squad to help fix the mess left by Hurricane Isaias. A robust 355-strong team is heading out to assist with power restoration down there in Florida. This isn’t just...
Continue Reading
Greenberg Traurig Nabs Major Award for Sukuk Deal
Legal brands winning awards might seem like just another day in the office, but when a firm like Greenberg Traurig snags the Impact Deal of the Year at the IFLR Middle East Awards, it deserves more than just a shrug. We're talking about a serious feather in the cap for their Capital Markets team, who played a key role in launching Binghatti's hefty USD 1.5 billion Sukuk...
Continue Reading
India's Women Apparel Market Grows Amid Innovation
India's Women Apparel Market on the Rise The winds of fashion change are sweeping through India, and the women's apparel market is at the heart of this sartorial hurricane. Set to explode from USD 28,786.82 million in 2024 to USD 45,491.96 million by 2032, this market is turning heads with a compound annual growth rate (CAGR) of 5.21%. What's stirring this pot, you ask?...
Continue Reading
FlyQuest & Von Dutch Link Gaming, Fashion Again
Breaking Down Barriers in Fashion and Gaming In a world full of unlikely matches, the partnership between FlyQuest and Von Dutch is one that's catching serious eyeballs. FlyQuest, an esports powerhouse, has teamed up once more with the iconic fashion brand Von Dutch to launch "The Workman Collection." This ain't just about slapping logos on t-shirts and calling it a...
Continue Reading
Zenni and Chase Stokes Foster Student Wellbeing in NYC
Picture this: near 300 high schoolers milling around, glancing through shiny new glasses from the Zenni x Chase Stokes collection. In the heart of New York City, these kids are getting a double-dose of care that's all too rare—free vision screenings paired with mental health support. It's the kind of collaboration that shows you what's possible when a company, an actor,...
Continue Reading
Duke Energy Braces for Isaias: Key Prep Steps Ahead
Brace Yourself: Duke Energy Gears Up for Isaias In the ever-unpredictable game of Mother Nature versus infrastructure, Duke Energy is stepping into the ring once more, readying to tackle potential outages across the Carolinas as Hurricane Isaias edges near. Listen, if there's one thing I've learned over years of watching these weather events unfold on the stock ticker and...
Continue Reading
Navigating Career Growth Beyond Job Titles at Webinar
Hasn't it ever struck you that job titles often fence people in like some unwanted corral, keeping potential tightly leashed? Well, here's something that might shake up your thoughts a tad. University of Phoenix is teeing up a webinar titled "Beyond The Job Title: Finding Purpose and Recognizing the Value You Bring." Scheduled for October 15, 2026, this is all about...
Continue Reading
NCICU's Digital Boost for NC Transfer Students
New Platform Eases the Transfer Struggle They’ve finally cooked up something good for the college crowd in North Carolina. The NCICU, with the NCCCS, has rolled out a platform called Transfer Pathways to simplify students' path from two-year to four-year schools. This ain't just a tweak—it's backed by a hefty $2 million in grants. Hats off to those...
Continue Reading
Korea Tourism’s Quiz Offers Free Trip Sweepstakes
A Shot at Adventure Without Opening Your Wallet Let me tell you, Korea's got a way of sweeping folks off their feet with a little something for everyone—from a foodie’s paradise to history buff heaven. The Korea Tourism Organization's (KTO) New York Office is lighting up the stage with a slick offer: enter a quiz on their website and you might just be jetting off to...
Continue ReadingTop 5 Most Recently Viewed Articles
Exploring the Growth of Revenue Cycle Management in Healthcare
The U.S. Revenue Cycle Management Market Overview The U.S. Revenue Cycle Management (RCM) market has demonstrated remarkable growth in recent years, with a valuation reaching USD 141.61 billion in 2024 and a projected climb to USD 272.78 billion by 2030. This trajectory reflects a compound annual growth rate (CAGR) of 11.55%, underscoring the increasing demand for robust...
Continue Reading
Oak View Group Takes the Lead as Key Hospitality Partner
Oak View Group's Exciting New Role Oak View Group (OVG) has been officially selected as the exclusive hospitality partner for the Lucas Museum of Narrative Art, a significant new cultural institute founded by George Lucas and Mellody Hobson, slated to debut in the near future. Enhancing Visitor Experiences With a strong commitment to exceptional service, OVG will manage...
Continue Reading
Anticipating Earnings from SPX Technologies: Key Insights
Anticipating Earnings from SPX Technologies SPX Techs (NYSE: SPXC) is gearing up to announce its quarterly earnings, and it’s crucial for investors to be informed ahead of this reveal. As excitement builds for the anticipated earnings report, here’s what to look out for. Analysts are forecasting an earnings per share (EPS) of $1.36. Investors are hopeful that SPX...
Continue Reading
CASEKOO Unveils LinKOO Collection: Style Meets Function
A Fresh Take on Lifestyle Accessories Here's a twist for you: phone accessories going beyond simple protection. CASEKOO, known for its tech-savvy gadgets, has unveiled its latest LinKOO collection, a range inspired by motion. Forget the dull finds of the past; this time, they've crafted something that's all about living with ease and a little bit of romance on-the-go....
Continue ReadingDiscover Sevens: Luxury Living in Silicon Valley Awaits
Welcome to Sevens: A New Era of Luxury Living Sevens, a remarkable luxury apartment community, is now leasing in the heart of Silicon Valley. With 572 units, this innovative complex offers a unique lifestyle, promising both comfort and modern amenities. It's the perfect destination for those seeking both relaxation and excitement in one of the most vibrant tech hubs in...
Continue Reading