Pekka Lettijeff has been appointed Chief Procurement Officer (CPO) at Konecranes Plc. His areas of responsibility will include all direct and indirect purchasing across the Konecranes Group. Mr Lettijeff will be a member of the Konecranes Group Executive Board and will report to Pekka Lundmark, President & CEO. Mr Lettijeff will start in his new position on 1 February 2008.

Mr Lettijeff has worked at Nokia Networks since 2001 and is currently the Head of Global Purchasing at Nokia Siemens Networks. Mr Lettijeff has previously acted as VP Global Supply and Purchasing at Astra Zeneca, and several executive positions in General Motors Worldwide Purchasing and Saab Automobile in USA, Germany and Sweden. Mr Lettijeff is 46 years old.

"Pekka Lettijeff posesses a unique combination of procurement experience in telecom network infrastructure, automotive and medical industries", says Pekka Lundmark. "He is therefore especially well suited for developing the Konecranes procurement to the next ambition level", he concludes.

Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity-enhancing lifting solutions as well as services for lifting equipment and machine tools of all makes. In 2006, Group sales totaled EUR 1483 million. The Group has 8,000 employees, at more than 370 locations in 41 countries.