Konecranes Appoints CFO

Teo Ottola (MSc) has been appointed Chief Financial Officer (CFO) at Konecranes Plc. His areas of responsibility will be business control, accounting, financing and investor relations. The present CFO, Teuvo Rintamäki, announced his resignation in February 2007, but he will continue as CFO until Mr Ottola has settled in to his new position. Mr Ottola will be a member of the Konecranes Group Executive Board and will report to Pekka Lundmark, President & CEO. Mr Ottola will start in his new position on August 20 2007.