Changes in Valmet's Executive Team

Valmet Corporation's press release on November 26, 2014 at 10:00 a.m. EET

Mr. Bertel Karlstedt (MSc, age 52) has been appointed President of Pulp and Energy business line at Valmet as of 1 February, 2015. He will be a member of Valmet's Executive Team and report to the President and CEO Pasi Laine.

Bertel Karlstedt joins Valmet from Nordkalk Corporation, where he is currently employed as the President and CEO. During his career he has gained vast experience in line management and sales roles. Furthermore, he has a strong background in R&D both in Finland and internationally, having previously worked for Valmet and Metso (1988-2005).

Mr. Jyrki Holmala, the current President of Valmet's Pulp and Energy business line, leaves on Valmet 28 November 2014.
"It is a pleasure to get Bertel Karlstedt to our Executive Team with his strong industrial experience and established relations with many of our customers," says Valmet's President and CEO Pasi Laine.

VALMET CORPORATION
Corporate Communications

Further information, please contact:
Pasi Laine, President and CEO, Valmet, tel. +358 10 672 0001

Bertel Karlstedt's CV

BKt 040606 Bertel Karlstedt has been appointed President of Pulp and Energy Business Line as of February 1, 2015. Prior to that he was the President and CEO of Nordkalk Corporation (2006- 2015) and a member of the Rettig Group management team between 2010 and 2015. Mr. Karlstedt was the Executive Vice President of Metso Paper in 2005, the President and CEO of Metso Paper between 2003 and 2005, President of Paper Making Lines of Valmet-Rauma Corporation and Metso Paper between 1999-2003, Product Manager, Air Dryers at Valmet Paper Machinery between 1992 and 1996, and Senior Research and Development Engineer at Valmet Paper Machinery between 1991-1992. Mr. Karlstedt worked as Sales and Applications Engineer and as Research and Development Engineer at Valmet Paper Machinery between 1990 and 1991 and between 1988 and 1989. Mr. Karlstedt holds a Master of Science degree in Thermodynamics.

Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 11,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.

Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production.

The company has over 200 years of industrial history and was reborn through the demerger of the pulp, paper and power businesses from Metso Group in December 2013. Valmet's net sales in 2013 were approximately EUR 2.6 billion. Valmet's objective is to become the global champion in serving its customers.

Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.