Cargotec Oyj: Cargotec appoints Eric A. Nielsen to head MacGregor business area as of 16 September 2013

  Cargotec Oyj: Cargotec appoints Eric A. Nielsen to head MacGregor business
                         area as of 16 September 2013


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

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'sPresident 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

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.
Eric A. Nielsen, CV
Eric A. Nielsen, image (hires)


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Source: Cargotec Oyj via Thomson Reuters ONE
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