Kari Saarinen has decided to resign from his position as Valmet’s CFO due to his share trades in Neles during the merger process and to minimize the negative impacts of this on Valmet’s reputation.
All executive team members should have used good judgment and refrained from trading in shares while merger discussions and preparations were ongoing. The employment relationship will end in accordance with Kari Saarinen’s executive agreement, while his working obligation ends at the end of April.
The recruitment process for Kari Saarinen's successor will commence shortly.
Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries.
