Raute Corporation’s Board of Directors Appoints Mika Saariaho as a New President and CEO

Raute Corporation’s Board of Directors has appointed Mika Saariaho as the new President and CEO. He will join Raute from Metso Outotec Corporation where he holds the position of Senior Vice President, with responsibility for the crusher wears business. He will take over the position as Raute’s President and CEO at the latest on November 24, 2022.

Mika Saariaho has more than 20 years of experience and a solid track record in international business, especially in technology companies. Prior to the formation of Metso Outotec, he worked in various leadership roles in both Metso and Outotec starting in 2010. Before this he worked for, among others, the World Steel Association, Outokumpu and McKinsey. He was born in 1973 and is a Doctor of Science (Technology).

“We are delighted to inform about this appointment and believe that Raute will be welcoming an excellent new President and CEO in Mika Saariaho. Mika’s extensive experience and competence provide him with an excellent foundation from which to take on this new position and to lead Raute along a profitable path. We would like to extend a warm welcome to Mika,” says Raute’s Chair of the Board of Directors Laura Raitio.

“This position is a challenge that I am happy to take on. Raute has a long and distinguished history, a strong position as a technology supplier and a stable and long-standing owner base. I would like to thank the Board of Directors for their trust in appointing me. I look forward to working with Raute’s team to develop the company’s operations and create growth hand in hand with our customers’ success,” says Mika Saariaho.

As announced earlier, the company’s Chief Operating Officer (“COO”) Petri Strengell will act as the company’s interim President and CEO until Mika Saariaho takes over the position. Thereafter, Strengell will continue in his role as COO and member of the company’s Executive Board. “The Board of Directors is happy with the approach that Petri and the entire Executive Board have taken in a challenging situation while managing the company during this transition period,” Laura Raitio says.

About Raute

Raute is focused on creating value in forest assets. We believe in a future where resource-efficient and optimally connected production enables a smarter use of wood. A future where veneer, plywood and LVL are the key materials in building, furniture and packaging, among other applications.

Contact:

Laura Raitio – Chair of the Board of Directors – +358 50 386 0004

Source: Raute Corporation