A new chapter for Valmet

President and CEO Thomas Hinnerskov in Annual Review 2024

As I reflect on my start as President and CEO of Valmet, I am filled with immense pride and excitement for the future. Since joining this remarkable company in mid-August, I have had the privilege of engaging with our valued customers and committed employees across all our regions around the world. It has been rewarding and energizing to witness firsthand the passion and innovation that drive our success.

The year 2024 was marked by multiple achievements and key events for Valmet. One of the highlights was the successful launch of Valmet DNAe, our next-generation industrial automation system. With many years of research and development work behind it, Valmet DNAe is an important step in our strategy of growing the automation business further across a wide base of process industries globally. In Services, we continued to provide unique value to customers and service the growing global installed base.

We also secured a landmark project to supply the world’s largest single-phase pulp mill, valued at over a billion euros, to Arauco in Brazil. Personally, it was great to be together with the team that was able to close the deal and witness the emotions following the win. This project will also feature full-scope automation and flow control solutions, serving as a showcase for Valmet’s sustainable technologies, and reinforcing our commitment to moving our customers’ performance forward and environmental stewardship.

Towards the end of the year, we initiated work to renew our strategy with the aim of defining our future growth areas, accelerating growth, and simplifying our ways of working. I’m excited about this and believe the changes we are planning will enable us to be faster and more focused as an organization. Our legacy, spanning more than 225 years, provides a solid foundation for the next chapter in our story.

Valmet’s success is driven by its people. I am committed to fostering a culture of openness and collaboration in which Valmeteers can grow and develop further as teams and individuals. I would like to extend my heartfelt gratitude to all my colleagues at Valmet for your hard work, dedication, and passion. Your support has been invaluable as I have settled into my role.

I would like to thank our customers and partners for their cooperation and our shareholders for their continued trust. As we move forward, I am looking forward to the opportunities that lie ahead. I am confident that Valmet will continue to thrive and reach new heights. Let’s continue to build on our legacy and make the world more sustainable, one innovation at a time.

Thomas Hinnerskov

President and CEO