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Valmet hires Juha Lappalainen as VP, strategy development

18 Dec '15

2 min read

Valmet, the leading global developer and supplier of technologies, automation, and services for the pulp, paper, and energy industries, has appointed Juha Lappalainen as the senior vice president, strategy and operational development, as of January 4, 2016.

Juha Lappalainen will succeed Kari Saarinen, who was appointed Valmet's CFO in November. In his new position as SVP, strategy and operational development, Juha Lappalainen will be a member of Valmet's executive team and report to president and CEO Pasi Laine.

Juha Lappalainen has been employed by Valmet since 2013, and is currently working as vice president, procurement. He has a strong, international background in global telecommunications with versatile experience in sales, technology and business development, and in leading strategic projects including mergers and acquisitions. After graduation from Helsinki University of Technology, Lappalainen worked for IBM and two years at CERN, European Laboratory for Nuclear Research in Switzerland. He holds a Master of Science degree in Electrical Engineering, according to a press release.

The Board of Directors of Valmet has decided to continue the share based incentive program for Valmet's key employees approved in December 2014. The aim of the program is to combine the objectives of the shareholders and the key employees in order to increase the value of the company, to commit the key employees to Valmet, and to offer them a competitive reward plan based on holding the company's shares.

As part of the share based incentive program members of the Valmet executive team shall have a possibility to receive a matching share reward for the discretionary period 2016 provided that he or she owns or acquires Valmet shares up to a number determined by the Board of Directors by December 31, 2016. Reward receipt is tied to the continued employment or service of the Valmet executive team member upon reward payment. (GK)

Fibre2fashion News Desk - India