Pekka Vauramo appointed President and CEO of Metso Corporation
Stock Exchange Release, 21 May 2018
Metso's Board of Directors has appointed Pekka Vauramo (born 1957, M.Sc. (Tech.)), President and CEO of Metso, effective as of November 2018 at the latest. Pekka Vauramo has served as President and CEO of Finnair since 2013, and prior to that he held several management positions at Cargotec (2007-2013) and Sandvik (1985-2007).
According to Mikael Lilius, Chair of Metso's Board of Directors, Vauramo will bring the right kind of competence and experience to Metso. "Pekka Vauramo has a proven track record in leading businesses facing competitive global markets, and he has long and extensive experience in the mining industry and in an international business environment. His experience is a good fit for Metso, which has achieved solid momentum this year with its new and goal-oriented organization and management team. The Board is confident that Pekka is the right person to lead the company forward with its current strategy and create added value for its customers and shareholders," Lilius says.
"Metso is a great company with world-class competence and experts. It is a market leader in many of its product fields. I am familiar with Metso's operating environment thanks to my long background in the industry, and therefore I find the opportunity to start leading Metso an attractive one. I look forward to building the company's future together with the Metso team," says Pekka Vauramo.
CFO Eeva Sipilä will continue to serve as Metso's interim CEO until Pekka Vauramo begins in his new role. "On behalf of the Board, I would like to thank Eeva Sipilä and the whole Metso Executive Team at this stage for their excellent work during the challenging transition period. Eeva will continue in her role as CFO after Pekka starts as President and CEO," says Mikael Lilius.
Press and analyst briefing
Metso will arrange a press and analyst briefing (in Finnish) today, Monday, May 21, 2018, at 11:30 am EEST at the company head office at Töölönlahdenkatu 2, Helsinki, hosted by Chair of the Board Mikael Lilius and new President and CEO Pekka Vauramo.
For media: Helena Marjaranta, VP, Global Communications, Metso Corporation, Tel. +358 20 484 3212
For investors and analysts: Juha Rouhiainen, VP, Investor Relations, Metso Corporation, tel. +358 20 484 3253
Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability.
Metso is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 2.7 billion in 2017. Metso employs over 12,000 people in more than 50 countries.