Changes in Valmet's Executive Team

Valmet Oyj's press release July 28, 2017 at 10:00 a.m. EET

Valmet changes the responsibility areas of some of its Executive Team members to support continuous individual and business development.

The following appointments are made as of October 1, 2017. Jukka Tiitinen is appointed Area President, Asia Pacific. Jukka is currently holding the position of Business Line President, Services at Valmet. Aki Niemi is appointed Business Line President, Services Business Line. He is currently working as the Area President, China at Valmet. Both have a long background in different management positions at Valmet, and they will continue reporting to President and CEO Pasi Laine as Executive Team members.

Hannu T. Pietilä, currently working in the position of Area President, Asia Pacific returns from his six year assignment period back to Finland and is appointed Vice President Sales, Asia Pacific reporting to Jukka Tiitinen.

"I am happy that we were able to create this rotation within our Executive Team utilizing the strong experience and competences of the members for the benefit of their new organizations while giving them opportunities for renewal and growth. Jukka Tiitinen is known for his results orientation and has made an excellent contribution to growing our services business steadily. Aki Niemi has been instrumental to building our China business reaching good results and created a committed and capable organization close to our customers. With these characteristics, and track records they both are excellent fits for their new positions. At this point, I also want to thank Hannu T. Pietilä who has created strong customer relationships and developed our business in the AP area since 2012. In his new role Hannu will continue supporting our Asia Pacific business to serve our customers in the best possible way," says Pasi Laine, President and CEO, Valmet.

The recruitment of Aki Niemi's successor as Area President, China has started.

VALMET
Corporate Communications

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

Jukka Tiitinen's CV

Jukka Tiitinen leads Valmet's Services business line. He was the President of the Services business line of Metso Pulp, Paper and Power from 2011 to 2013. Prior to that he was the President of Metso Paper, Inc. North America between 2004 and 2011 and the President of Metso Paper, Inc.'s Service business line between 2001 and 2004. Earlier Jukka Tiitinen was the Vice President of Roll Services of North America business unit at Metso Paper USA Inc./Valmet Inc. between 2000 and 2001. He has held various management positions in Valmet and Metso in North America, Australia and Finland. Jukka Tiitinen holds a Master of Science degree in Engineering.

Aki Niemi's CV

Aki Niemi leads Valmet's China area. He was the Area President of China of Metso Pulp, Paper and Power in 2013. Aki Niemi was the Vice President of Operations of China of Metso Pulp, Paper and Power between 2011 and 2013. Prior to that, he was the General Manager of Onsite operations of Metso's Paper and Board Machine business unit between 2007 and 2011 and the Manager of Process Start-ups of Metso's Paper and Board business line between 2003 and 2007. Aki Niemi acted as the Senior Manager of Metso's Paper Technology between 1997 and 2003 and Customer Service Engineer at Valmet Corporation between 1994 and 1997. Aki Niemi holds a Master of Science degree in Engineering.

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

Valmet's net sales in 2016 were approximately EUR 2.9 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 Helsinki.