Outokumpu appoints Jarmo Tonteri Executive Vice President - Specialty Stainless

Mr. Jarmo Tonteri has been appointed Executive Vice President - Specialty Stainless and member of Outokumpu Group’s Executive Committee as of 1 August 2011. He will report to CEO Mika Seitovirta. Mr. Tonteri will be responsible for Outokumpu’s business units Special Coil, Special Plate and Long Products as well as the thin and precision strip mill Kloster and Group R&D. He will be based in Stockholm.

Jarmo Tonteri is a Finnish citizen, born 1952 and holds a Master of Technology (metallurgy) from Helsinki University of Technology and a Master of Economics from Helsinki School of Economics. He has over 30 years’ experience in the metals industry and over 20 years’ experience in the steel business. Mr. Tonteri has worked outside Finland for over 20 years, first in the US and since 1992 in Sweden. He held several managing director positions in the Swedish operations of the steel construction and engineering company Rautaruukki. Since 2005 Mr. Tonteri was the managing director of Ovako, a leading European producer of long special steel products, from which position he retired in spring 2011.

CEO Mika Seitovirta: “Jarmo has exceptionally vast experience in implementing structural changes and turning loss-making operations to sustainable profitability. He has spent most of his career in the steel industry and he knows the customers of our specialty stainless business extremely well. I am very pleased to have him in the Outokumpu team and have full confidence that we can together take a new direction for specialty stainless.”

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.
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