Vacon Group

Press release 11 September 2008

The global AC drives manufacturer Vacon has appointed Thomas M.
Doring as Executive Vice President for Sales, Marketing and Service
of Vacon, Inc., USA. Mr. Doring will join Vacon on 1 October 2008
after being almost 20 years with Eaton Corporation, a diversified
power management company, headquartered in the United States.

"Tom Doring has a long and successful career in the drives business,
and he knows the American market. He will be a valuable asset to us
now when Vacon is establishing a foothold as an AC drives
manufacturer in the North American market and as a truly global
company," says Heikki Hiltunen, Executive Vice President, Vacon.

Thomas M. Doring (B.Sc. in El. Eng.) will be responsible for sales,
marketing and after-market services in the United States, Canada and
Mexico. Mr. Doring will also be the deputy of Dan Isaksson, President
of Vacon, Inc. After Mr. Isaksson's planned return to the parent
company in Finland in the end of 2009, Mr. Doring will take his place
as President of Vacon Inc.

Mr. Doring has been with Eaton since 1989 and acted as the Business
Unit Manager for Eaton's Power Controls Business Unit since January
2007. His primary responsibility in this role was to advance the
profitable growth of this $400M Power Control business. Eaton's Power
Controls business predominantly entails motor control products and
solutions for Electro-Mechanical and Electronic AC and DC motor
applications.

Finland-based Vacon acquired the AC drives business of US-based TB
Wood's in January 2008, and established Vacon, Inc., a U.S.
subsidiary in Chambersburg, PA. Vacon, Inc. is responsible for all
Vacon operations in the United States and for integrating TB Wood's
AC drives business into the Vacon Group.

Vacon in brief:
Vacon was established in 1993 from a passion to develop and produce
AC drives globally. It is a matter of honour for Vacon to offer
customers efficient, reliable and easy to use means for improving
process control and saving energy and costs. Vacon's solutions
represent clean technology. They can be used to control the speed of
electric motors used by industry and municipal engineering, and in
power generation using renewable energy. Vacon provides AC drives in
the power range 0.25 kW - 5 MW. Revenues in 2007 totalled EUR 232.2
million.

Vacon Group

Further information:
* Heikki Hiltunen, Executive Vice President, Products and Markets,
  Vacon Group, mobile +358 (0)40 8371 609

Press contact:
* Sebastian Linko, Director, Corporate Communications, Vacon Group,
  mobile +358 (0)40 8371 634

www.vacon.com


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