Raute Appoints New President/CEO
Raute Corp.’s Board of Directors has appointed Mika Saariaho as the new President and CEO beginning in late November. He will join Raute from Metso Outotec Corp. where he holds the position of Senior Vice President. Saariaho succeeds Tapani Kiiski who left his position by mutual agreement. Kiiski had been Raute President and CEO since 2004.
“After such a long history with the company, leaving this position is naturally bittersweet. The years have been filled with many challenges and successes,” Kiiski comments.
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 at Metso and Outotec and previous worked worked for the World Steel Assn., Outokumpu and McKinsey. He was born in 1973 and is a Doctor of Science (Technology).
“We 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,” says Raute Chair of the Board of Directors Laura Raitio.
Chief Operating Officer (COO) Petri Strengell is acting as interim President and CEO until Saariaho takes over the position. Thereafter, Strengell will continue in his role as COO and member of the company’s Executive Board.
RELATED ARTICLES
RAUTE TO MOVE LOCATIONS FOR CHINESE OPERATIONS
RAUTE GAINS PANEL REPAIR ORDERS
NEW PLYWOOD MILL GOES WITH RAUTE
Latest News
Con-Vey Launches New Web Site
Roseburg, Ore.-based Con-Vey has launched a new website in collaboration with another local Roseburg company, Anvil Northwest. The nine-month project was started with the intent to update the company’s look and promote its services. The result was a beautifully designed site with a paring down of the number…
Arauco Considers Plant In Mexico
Arauco is conducting an Environmental Impact Assessment as the first step toward evaluating the viability of a new $200 million MDF production line in Zitácuaro, Michoacán, Mexico. If the project proceeds, subject to the approval of local and state authorities, production is expected to start during 2024. It would double…
West Fraser Buys OSB Mill
An oriented strandboard plant in Allendale, SC will now have its third ownership since starting up in 2006. West Fraser Timber Co. Ltd. is purchasing the facility from Georgia-Pacific for $280 million. The Allendale facility has been idle since late 2019 when GP shut it down citing market conditions. The plant has an estimated…
USNR, WFG Sold To Equity Firm
One Equity Partners (OEP), a middle market private equity firm, announced that it has completed the previously announced acquisitions of USNR and Wood Fiber Group. OEP reports it subsequently merged the two businesses, with projected 2021 revenues greater than $500 million…
Find Us On Social
Newsletter
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
Subscribe/Renew
Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!