Metso appoints new president, CEO

Metso appoints new president, CEO

Pekka Vauramo transitioned to serve as the company’s president, CEO in November.

November 2, 2018

Metso Corp., Helsinki, announced that Pekka Vauramo started his new position as president and CEO of the company on Nov. 1. According to a company news release, Metso’s board of directors appointed Vauramo as its president and CEO earlier this year in May. 

According to a Metso news release, Metso CFO Eeva Sipilä served as the company’s interim CEO until Vauramo started the position. Since the transition, Sipilä will continue to serve as Metso’s CFO.

Prior to this position, Metso reports that Vauramo served as president and CEO of Finnair since 2013. Before that position, he held several management positions at Helsinki-based Cargotec from 2007 to 2013 and Stockholm, Sweden-based Sandvik from 1985 to 2007.

“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,” Vauramo says in a company news release. 

Mikael Lilius, chair of Metso’s board of directors, says Vauramo brings both competence and experience to the company. “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,” Lilius says in a company news release. “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.”