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Outokumpu appoints new President and CEO

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LNG Industry,

Outokumpu has announced that Heikki Malinen has been appointed President and CEO, and the Chairman of the Leadership Team.

According to the statement, Malinen will join the company on 1 May 2020, and will assume his role as the CEO on 16 May. Malinen has previously worked as CEO in Posti Group Corp. and in Pöyry PLC. Prior to these, he has held various leadership positions in UPM in the US and in Finland. He has been a member of the Outokumpu Board of Directors since 2012 and, due to his appointment, he will resign from the Board at the end of April.

Kari Jordan, Chairman of the Outokumpu Board of Directors, said: “Following an extensive international search process, Heikki Malinen singled out as the top candidate for the CEO position due to his previous CEO roles in demanding environments, as well as international experience in sales and process industry. His long board membership in Outokumpu naturally is an additional advantage providing profound knowledge and understanding of Outokumpu’s business. I am confident that as the CEO Heikki will be a great asset to the company.”

Malinen said: “I am honoured to get the opportunity to lead Outokumpu which is a global leader in the stainless steel industry. Thanks to the transformation that has been carried out during the past four years, the company is in a good shape with world-class assets and motivated, skilled employees.

“Being a board member for eight years gives me a strong background for my new position – I know the company and the management, and I am looking forward to developing the company further and through this create value for our stakeholders.”

As announced by the company earlier, Roeland Baan will leave his position as President and CEO of Outokumpu on 15 May 2020.

Jordan added: “On behalf of the entire Board of Directors, I would like to thank Roeland Baan for his contribution to Outokumpu’s improved operational and financial performance and I wish him all the best for the future.”

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