Valmet's Board of Directors has officially acknowledged the resignation of Pasi Laine, President and CEO of Valmet, and the associated terms and conditions. Pasi Laine will continue to serve as the President and CEO until the conclusion of September 2024. In anticipation of this transition, the Board of Directors has launched the process of seeking out a suitable successor.

Over the span of a decade, Valmet, under Pasi Laine's stewardship, has achieved remarkable milestones. The company has successfully established a robust global presence characterized by a progressive culture that has fueled organic growth, strategic mergers, and acquisitions. These efforts have led to consistent improvements in the company's financial performance and profitability. The company's culture is anchored in a commitment to renewal and continuous enhancement, as well as close collaboration within Valmet and with its global clientele.

Pasi Laine shared his sentiments on this occasion: "It has been a privilege to lead Valmet and collaborate with the incredible individuals within the company for the past ten years. Our collective endeavors have established Valmet as a trusted partner for customers worldwide, known for its distinctive offerings and sustainable business practices. As I prepare to hand over the reins, I remain dedicated to the ongoing enhancement of Valmet's financial performance and its unwavering commitment to customer service."

Mikael Mäkinen, Chairman of the Board at Valmet, expressed gratitude for Pasi Laine's exceptional leadership during a pivotal growth period for the company. Under his guidance, Valmet has solidified its standing as a global leader in technologies, services, and automation for the pulp, paper, and energy sectors. The company's enduring profitability and well-rounded business portfolio are testaments to Pasi Laine's effective leadership.

Mäkinen highlighted Valmet's enduring strengths, emphasizing the potential for continued progress in areas such as automation, services, and process technology. With the foundation laid by Pasi Laine, Valmet is well poised to sustain and amplify its remarkable trajectory of success in the years ahead.

Source:valmet.com

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