Change in Valmet's Executive Team

Valmet Oyj's press release October 28, 2016 at 9:00 a.m. EET

Mr. David (Dave) King (B.Sc. (Eng)) has been appointed Area President of Valmet's North America area as of 15 November, 2016. He will be a member of Valmet's Executive Team and report to President and CEO Pasi Laine.

David King is currently employed at Valmet as Senior Vice President, Pulp and Energy, North America. During his career David has gained vast leadership experience in several management positions covering services, sales and business development in Valmet, Metso and ABB. He has gained extensive experience in the power generation industry, in customer relationship management and in team leadership.

Mr. William (Bill) Bohn, the current Area President, North-America has decided to retire in March, 2017.

"It is a pleasure to welcome Dave King to our Executive Team to develop Valmet's North America operations and customer relations further. Dave is known for his ability to bring out the best in people, and for his result and target oriented way of working. With these characteristics, I believe he is in excellent position to strengthen our North American business even further. I also want to thank Bill Bohn for his long and successful career at Valmet and for his strong dedication to the company's success. We wish Bill all the best for his well-earned retirement," says Pasi Laine, President and CEO of Valmet.

VALMET
Corporate Communications

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

David King's CV

David King has been appointed NA Area President as of November 15, 2016. Prior to that he was employed as Senior Vice President, Pulp and Energy, NA at Valmet (2013-2016). Mr. King has worked in many different positions in Metso: President of Metso Power, NA (2005-2013), General Manager of Service (2002-2005), Vice President of Sales (2000-2002), and Director of Product Sales (1998-2000). Mr. King worked as Senior Manager of Industrial Business (1996-1998), Business Development Manager, Projects (1994-1996), Program Manager, Material Services (1993-1994), Area Manager, Technical Services (1989-1993), and as Field-Principal Engineer (1981-1989) at ABB. Mr. King holds a Bachelor of Science degree in Engineering.

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

Valmet's net sales in 2015 were approximately EUR 2.9 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.