Change in Valmet's Executive Team

Valmet Corporation's stock exchange release on November 9, 2015 at 2:00 p.m. EET

Mr. Kari Saarinen (MSc., age 54) has been appointed Chief Financial Officer (CFO) at Valmet as of November 15, 2015.

Kari Saarinen is currently working at Valmet as Senior Vice President, Strategy and Operational Development. In his new CFO position he continues as the member of Valmet's Executive Team and reports to the President and CEO Pasi Laine.

Mr. Markku Honkasalo, the current CFO of Valmet, has been instrumental to Valmet's creation phase which started in 2013. Since this stage is now completed, Markku Honkasalo has decided to leave Valmet at the end of November, after a thorough handover phase to his successor.

"I thank Markku for his contribution to Valmet during a very interesting and demanding time. Markku has been a great support in these first years as an independent, stock listed company", says Valmet's President and CEO Pasi Laine.

"Kari Saarinen has a strong background in finance and business controlling in large, international organizations in addition to his expertise in the field of strategy and operational development. Through his four years at Valmet Kari knows the company well and is the perfect person to take over the CFO position from the good foundation built by Markku," continues Pasi Laine.

Kari Saarinen's CV

Kari Saarinen
born 1961
MSc. (Accounting and Finance)
CFO starting from November 15, 2015
Finnish citizen

Kari Saarinen leads currently Valmet's Strategy and Operational Development.

Relevant previous experience

2011-2013 Metso, Senior Vice President of Finance of Metso Pulp, Paper and Power
1997-2011 Nokia Siemens Networks Oy and Nokia Networks Oy, Area CFO of Middle East and Africa Region, Area CFO of Greater China Region, Director of Business Control and Finance and Director of Business Control
1989-1997 Marimekko Oy, multiple positions, including the General Manager and CFO, and Controller

Further information, please contact:
Pasi Laine, President and Chief Executive Officer, Valmet, tel. +358 10 672 0001


Pasi Laine


Valmet is the leading global developer and supplier of technologies, automation and services for the pulp, paper and energy industries. Valmet's vision is to become the global champion in serving its customers.

Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. The strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production. Valmet's advanced automation solutions range from single measurements to mill wide turnkey automation projects.

Valmet's net sales in 2014 were approximately EUR 2.5 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.

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