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Suominen makes changes to its executive team

14 May '19

3 min read

Pic: Suominen

Aiming to improve performance, Suominen has changed the composition of its executive team. The decision was taken by its board of directors. The new team becomes effective from July 1, 2019. Suominen's new business areas will be Americas and Europe. Suominen has no reportable segments. The business of Suominen continues to consist of one operating segment.

“The new organisation enables us to be more efficient, focused and agile, and this is important when we are striving to improve our profitability. We are now reviewing the focus of our strategy and taking measures to improve our performance, and these changes will support us in this development work,” says Petri Helsky, president and CEO of Suominen.

Suominen has appointed Toni Tamminen as CFO and a member of the executive team. He joins Suominen from Metsä Tissue Corporation, where he has worked as VP, Group Controlling.

“Toni Tamminen has a strong background in finance and business controlling, in large international organisations in addition to his expertise in the field of strategy and M&A. I am sure he will bring valuable insight and financial knowledge to Suominen,” says Petri Helsky, president and CEO.

Suominen’s current CFO Tapio Engström is leaving the company. Sirpa Koskinen, VP, Group Controller will act as an interim CFO until July 30, 2019, when Tamminen will start.

The company has made changes to the responsibilities of the members of Suominen’s executive team. Ernesto Levy has been appointed senior vice president, Americas business area. He is currently SVP, Convenience business area. Markku Koivisto has been appointed interim senior vice president, Europe business area. He will continue also in his current role as CTO. Lynda Kelly has been appointed senior vice president, Business Development. She is currently SVP, Care business area. Larry Kinn, SVP, Operational Excellence, will retire in July 2019. Operational Excellence will be part of the Global Operations.

Suominen's executive team as of July 1, 2019 will comprise Petri Helsky, president and CEO, Toni Tamminen, CFO (July 30, 2019 onwards), Ernesto Levy, SVP, Americas business area, Markku Koivisto, CTO and interim SVP, Europe business area, Lynda Kelly, SVP, Business Development, Mimoun Saïm, SVP, Global Operations, and Hannu Sivula, SVP, Human Resources. All executive team members will report to Helsky, president and CEO.

“I am confident that these changes will help us in building a new foundation for Suominen’s development and future,” says Helsky.

“I want to thank Tapio for all his contribution to the company as CFO and as an interim president and CEO, and I wish him all the best in the future. I also want to thank Larry for his valuable expertise and experience which he has been sharing to Suominen, thanks to his long career in nonwovens,” Helsky continues. (SV)

Fibre2Fashion News Desk – India