Industry Press Releases

Pekka Lundmark resigns from the Board of Directors of Valmet Corporation

Thursday, Apr 09, 2015
Pressreleases

The member of the Board of Directors of Valmet Corporation, Mr. Pekka Lundmark has on April 7, 2015 announced his resignation from the Board of Directors of the company. The reason for the resignation is his appointment as the President and CEO of Fortum Corporation as of September 2015.

"Valmet is a global market leader and it has been a pleasure to participate in the company's development as a new, independent stock listed company. Valmet is also a significant supplier to Fortum and other energy companies. To avoid any potential conflicts of interest in the future, I consider it best to resign from my role as a member of the Board of Valmet," says Pekka Lundmark.

"Pekka Lundmark has been at Valmet's Board of Directors since the foundation of the company. We want to thank Pekka for his excellent contribution as a member of the Board," says Bo Risberg, Chairman of the Board of Valmet.

Bo Risberg (Chairman of the Board), Mikael von Frenckell (Vice Chairman of the Board), Lone Fønss Schrøder, Friederike Helfer, Erkki Pehu-Lehtonen and Rogério Ziviani will continue as members of the Board.

Further information, please contact:
Pasi Laine, President and CEO, Valmet, tel. +358 10 672 0001
Hanna-Maria Heikkinen, VP, Investor Relations, Valmet, tel. +358 10 672 0007

VALMET CORPORATION

Markku Honkasalo
CFO

Hanna-Maria Heikkinen
VP, Investor Relations

Valmet is the leading global developer and supplier of technologies, automation and services for the pulp, paper and energy industries. Valmet's vision is to become the global champion in serving its customers.

Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. The strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production. Valmet's advanced automation solutions range from single measurements to mill wide turnkey automation projects.

Valmet's net sales in 2014 were approximately EUR 2.5 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.

 

valmet.com

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