Finnair boss switches to Metso Corporation

The President and Chief Executive Officer (CEO) of national flag carrier Finnair, Pekka Vauramo has been appointed as the President and CEO of Metso Corporation.

The Metso's Board of Directors made the appointment on Monday effective as of November 2018 at the latest, said a Metso press release.

Pekka Vauramo has been serving 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 said.

"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," said Pekka Vauramo.

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," said Lilius.