RAUTE CORPORATION STOCK EXCHANGE RELEASE 30 AUGUST 2022 at 9:00 a.m.
MIKA SAARIAHO TO START AS PRESIDENT AND CEO OF RAUTE CORPORATION ON OCTOBER 1, 2022
Mika Saariaho's starting date as President and CEO of Raute Corporation has been specified. He will start in the position on October 1, 2022. On May 24, 2022, Raute announced Mika Saariaho's appointment and that he will assume his position at the latest on November 24, 2022.
As announced earlier, Petri Strengell who has acted as the company's interim President and CEO since May 1, 2022 will continue in his role as the company's Chief Operating Officer (COO) and member of the Executive Board when Mika Saariaho takes over the position as President and CEO.
Board of Directors
Laura Raitio, Chair of the Board of Directors, mobile number +358 50386 0004
Nasdaq Helsinki Ltd, main media, www.raute.com
RAUTE IN BRIEF:
Raute is a technology and service company that operates worldwide. Raute's customers are companies operating in the wood products industry that manufacture veneer, plywood, LVL (Laminated Veneer Lumber) and sawn timber. Its technology offering covers the entire production process for veneer, plywood and LVL and special measurement equipment for sawn timber. As a supplier of mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Additionally, Raute's full-service concept includes technology services ranging from spare parts deliveries to regular maintenance and equipment modernizations. Raute's head office is located in Lahti, Finland. The company's other production plants are located in Kajaani, Finland, the Vancouver area of Canada, in Changzhou, China and in Pullman, Washington, USA. Raute's net sales in 2021 were EUR 142.2 million. The Group's headcount at the end of 2021 was 802. More information about the company can be found at www.raute.com.