Valmet's Executive Team Shake-up: A New Strategy Focus and Leadership Transition

Valmet Oyj, a leading global developer and supplier of process technologies, automation, and services, has recently announced changes in its executive team. The company's press release on September 24, 2024, revealed the appointment of Olli Hänninen as Senior Vice President, Strategy, effective October 1, 2024. Additionally, Jukka Tiitinen, Area President, North America, has decided to retire, with a transition period planned for the first quarter of 2025. These changes signal Valmet's commitment to strategic growth and leadership renewal.

Olli Hänninen's appointment brings a wealth of diverse experience to Valmet's Executive Team. With a background in strategy and business development at McKinsey & Company, and leadership roles in KONE's service business, Hänninen's expertise spans multiple sectors. His experience in strategy will help Valmet navigate its next chapter, while his service industry background can drive innovation in Valmet's offerings. Hänninen's appointment signals Valmet's commitment to continuous improvement and renewal, aligning with its 220-year industrial history.



Hänninen's expertise in the services sector could significantly impact Valmet's overall business strategy and growth. His extensive experience in service business development, modernization, and transformation at KONE, coupled with his background in strategy consulting at McKinsey & Company, positions him well to drive Valmet's strategic direction. As Valmet operates in various process industries, Hänninen's insights into service business models and strategy could help the company enhance its offerings, improve customer satisfaction, and drive growth. His focus on strategy will also help Valmet navigate its next chapter, building on its 225-year legacy.



The transition in Valmet's North American leadership presents an opportunity for the company to adapt to the region's unique market dynamics and customer needs. The new Area President, North America, will need to understand and cater to the diverse process industries served by Valmet, leveraging the company's automation and flow control solutions to move customers' performance forward. Additionally, the new leader should be aware of regional trends and regulations, such as those related to sustainability and renewable energy, to ensure Valmet's offerings align with customer expectations and market demands.

To retain key talent and maintain customer relationships during this leadership change, Valmet will likely focus on a smooth transition, clear communication, employee engagement, customer outreach, talent retention, and strategic planning. By taking these steps, Valmet can help ensure a seamless leadership transition, retain key talent, and maintain strong customer relationships.

In conclusion, Valmet's executive team shake-up signals the company's commitment to strategic growth and leadership renewal. Olli Hänninen's appointment as Senior Vice President, Strategy, brings valuable expertise in strategy and the services sector, positioning Valmet well for its next chapter. As the company navigates the transition in its North American leadership, it will likely prioritize a smooth handover, clear communication, and strategic planning to maintain business continuity and capitalize on emerging opportunities.