Metso appoint new president and CEO

Pekka Vauramo appointed as president and chief executive officer of Metso Corp.

METSO Corp. have appointed Pekka Vauramo as their new president and chief executive officer, effective as of November 2018 at the latest. Mr Vauramo has served as president and chief executive officer of Finnair since 2013, and prior to that held several management positions at Cargotec (2007–2013) and Sandvik (1985–2007).

Mikael Lilius, chair of Metso’s board of directors, said: ‘Pekka Vauramo will bring the right kind of competence and experience to Metso. He 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.’

Commenting on his appointment, Mr Vauramo 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.’

In the meantime, chief financial officer Eeva Sipilä will continue to serve as Metso’s interim chief executive officer until Mr Vauramo begins his new role, and will continue in her role as CFO thereafter.