Change in Vacon Plc's Executive Management Team

Vacon Plc, Stock Exchange Release, 9 January 2015 at 9.25 a.m. (EET)

Vacon Plc's CFO, Pia Aaltonen-Forsell has resigned to join another employer. She will continue at Vacon until 31 March 2015.

Ann-Louise Brännback, M.Sc. Econ. (born 1964), has been appointed as the new Chief Financial Officer of Vacon Plc and member of the company's Executive Management Team. She will start in the new position on 1 April 2015.

"Pia has done a very good job at Vacon and we are grateful for her contribution to our company. At the same time I want to welcome Ann-Louise to Vacon Executive Management Team," says Vesa Laisi, Vacon's President and CEO.

VACON PLC

Further information:

• Vesa Laisi, President and CEO, phone +358 (0)40 8371 510, vesa.laisi(at)vacon.com
• Sebastian Linko, Director, Corporate Communications and Investor Relations, +358 (0)40 8371 634, sebastian.linko(at)vacon.com

Vacon in brief

Vacon is driven by a passion to develop, manufacture and sell the best AC drives and inverters in the world - and provide customers with efficient product lifecycle services. Our AC drives offer optimum process control and energy efficiency for electric motors. Vacon inverters play a key role when energy is produced from renewable sources. Vacon has production and R&D facilities in Europe, Asia and North America, and sales offices in 31 countries. Further, Vacon has sales representatives and service partners in nearly 90 countries. In 2013, Vacon's revenues amounted to EUR 403.0 million, and the company employed globally approximately 1,600 people. The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki). Vacon is part of Danfoss Group

Driven by Drives, www.vacon.com

Distribution:

NASDAQ OMX Helsinki
Financial Supervisory Authority
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