August 25, 2008

Olavi Rahkonen has been appointed Vice President

Olavi Rahkonen has been appointed Vice President as of October 15, 2008. He will be responsible for the Moventas strategic expansion investments. He will report to Ahti Ahonen, Senior Vice President.

The new wind gear factory project, Ikola will be completed under his supervision.

Previously Olavi Rahkonen worked as Vice President in similar position at Moventas Wind Oy.

Ahti Ahonen
Senior Vice President