Metso Corp has announced Pekka Vauramo will become President and CEO of the company on November 1.
Vauramo, who has held the same roles at airline Finnair since 2013, will take over from Interim President and CEO Eeva Sipilä, who has been in charge of the mineral and aggregates processing company since February. Sipilä was previously Chief Financial Officer of Metso and filled the slot on a temporary basis after former chief Nico Delvaux departed for door opening solutions company ASSA ABLOY AB.
When Finnair announced Vauramo’s intended departure in May, Jouko Karvinen, Chairman of the company, said of his reign: “During the past few years, Finnair’s people have achieved a remarkable transformation and have turned Finnair into a growth company.”
In July, Metso reported a ramp up in project activity in the mining equipment market during the June quarter, with the company’s services and sales orders, and profit all growing in the three-month period.