Raute Corporation Board Appoints Mika Saariaho as President and CEO

RAUTE CORPORATION SCHOLARSHIP RELEASE MAY 24, 2022 to 8:00 a.m.

RAUTE CORPORATION BOARD OF DIRECTORS APPOINTS MIKA SAARIAHO AS NEW PRESIDENT AND CHIEF EXECUTIVE OFFICER

Raute Corporation The board of directors has appointed Mika Saariaho as the new President and CEO. He will join Raute from Metso Outotec Company where he held the position of senior vice president, with responsibility for the crusher business. He will take up his duties as Chairman and Chief Executive Officer of Raute no later than November 24, 2022.

Mika Saariaho has over 20 years of experience and a solid track record in international business, particularly in technology companies. Before the formation of Metso Outoteche held various management positions at Metso and Outotec from 2010. Before that, he worked, among others, for the World Steel Association, Outokumpu and McKinsey. He was born in 1973 and has a doctorate in science (technology).

“We are delighted to announce this appointment and believe that Raute will welcome an excellent new CEO in Mika Saariaho. Mika’s vast experience and skill set provide him with an excellent foundation to take on this new position and lead Raute down a profitable path. We warmly welcome Mika,” said the Chairman of the Board of Raute. Laura Raitio.

“This position is a challenge that I am happy to take on. Raute has a long and distinguished history, a strong position as a technology provider and a stable, long-standing owner base. I would like to thank the Board of Directors for their confidence in nominating me. I look forward to working with the Raute team to grow the company’s operations and create growth that goes hand in hand with the success of our customers,” said Mika Saariaho.

As previously announced, the company’s Chief Operating Officer (COO) Petri Strengell will act as interim President and Chief Executive Officer until Mika Saariaho takes over the post. Thereafter, Strengell will continue as COO and member of the company’s board of directors. “The Board is pleased with the approach Petri and the entire Board have taken in a difficult situation while managing the business during this transition period,” Laura Raitio said.

RAUTE CORPORATIONLaura RaitioChairman of the Board of Directors

FURTHER INFORMATION :Laura RaitioChairman of the Board of Directors, mobile +358 50 386 0004

DISTRIBUTION:
Nasdaq Helsinki Ltdmain media, www.raute.com

RAUTE IN BRIEF:

Raute is a technology and services company that operates worldwide. Raute’s customers are companies operating in the wood products industry that manufacture veneer, plywood, LVL (Laminated Veneer Lumber) and sawn timber. Its technological offer covers the entire production process of veneer, plywood and LVL and special measuring equipment for sawn wood. As an industrial scale project supplier, Raute is a global market leader in both the plywood and LVL industries. In addition, Raute’s comprehensive service concept includes technology services ranging from the delivery of spare parts to regular maintenance and equipment modernization. Raute’s head office is located in Lahti, Finland. The company’s other production plants are located in Kajaani, Finlandthe Vancouver domain of Canadathe Shanghai/Changzhou domain of China and in Pullman, Washington, UNITED STATES. Raute’s net sales in 2021 were €142.2 million. The Group’s headcount at the end of 2021 was 802. More information about the company is available at www.raute.com.

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