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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Valmet Oyj    VALMT   FI4000074984

VALMET OYJ

(VALMT)
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Valmet Oyj : Changes in Valmet's Executive Team

11/19/2020 | 02:37am EST

Valmet Oyj's press release on November 19, 2020 at 9:00 a.m. EET

Mr. Jukka Tiitinen(M.Sc., Engineering) has been appointed Area President of Valmet's North America Area as of April 1, 2021. Jukka Tiitinen is currently employed at Valmet as Area President, Asia Pacific. He will continue as a member of Valmet's Executive Team reporting to President and CEO Pasi Laine.Mr. David (Dave) King, the current Area President, North America, has decided to retire after a long, successful career at Valmet as of March 31, 2021.

'I want to thank Dave for his dedication and excellent contribution to Valmet's success in the past years. It has been a true pleasure to work with Dave. I am pleased that Jukka Tiitinen starts leading our North America Area after Dave's retirement. Jukka is a home-grown Valmeteer with experience from many different organizations and cultures. Prior to leading the Asia Pacific Area, Jukka successfully headed our Services business line for several years and was located in North America. With this background, I believe Jukka is in an excellent position to lead our North America Area and grow it further,' says Pasi Laine, President and CEO, Valmet.

The search for Jukka Tiitinen's successor as Area President, Asia Pacific will commence soonest possible.

VALMET
Corporate Communications

Further information, please contact:
Pasi Laine, President and CEO, Valmet, tel. +358 10 672 0001

Jukka Tiitinen's CV

Jukka Tiitinen has been appointed Area President, North America as of April 1, 2021. Currently Jukka Tiitinen leads Valmet's Asia Pacific area organization. He was Business Line President of Valmet's Services business line from 2013 to 2017 and the President of the Services business line of Metso Pulp, Paper and Power from 2011 to 2013. Prior to that Jukka Tiitinen was the President of Metso Paper, Inc. North America between 2004 and 2011 and the President of Metso Paper, Oy.'s Service business line between 2001 and 2004. Earlier Jukka Tiitinen was the Vice President of Roll Services of North America business unit at Metso Paper USA Inc./Valmet Inc. between 2000 and 2001. He has held various management positions in Valmet Corporation and Metso in North America, Australia, Finland and Thailand. He is a member of the Board of Directors at Neles Corporation. Jukka Tiitinen holds a Master of Science degree in Engineering.

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

Valmet's net sales in 2019 were approximately EUR 3.5 billion. Our 14,000 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 Helsinki.

Read more www.valmet.com, www.twitter.com/valmetglobal

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Disclaimer

Valmet Oyj published this content on 19 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2020 07:36:02 UTC


© Publicnow 2020
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Sales 2020 3 616 M 4 382 M 4 382 M
Net income 2020 206 M 249 M 249 M
Net Debt 2020 255 M 309 M 309 M
P/E ratio 2020 18,3x
Yield 2020 3,29%
Capitalization 3 769 M 4 552 M 4 566 M
EV / Sales 2020 1,11x
EV / Sales 2021 1,06x
Nbr of Employees 13 434
Free-Float 86,9%
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 24,33 €
Last Close Price 25,21 €
Spread / Highest target 16,2%
Spread / Average Target -3,50%
Spread / Lowest Target -16,7%
EPS Revisions
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NameTitle
Pasi Laine President & Chief Executive Officer
Mikael Mäkinen Chairman
Kari Saarinen Chief Financial Officer
Rogério Ziviani Independent Director
Aaro Sakari Cantell Vice Chairman
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