Finnish chemicals company Kemira appointed Tuomas Mäkipeska as its new Chief Financial Officer, the company said on Thursday.
The appointment comes months after Kemira cut its full-year profit forecast, a warning that followed a share sale by an executive in charge of an underperforming division.
Mäkipeska will join from construction firm YIT Oyj and is expected to start no later than May 2026.
He will succeed Petri Castrén, who has been CFO since 2013 and whose planned departure was announced in May.
In July, Kemira lowered its outlook, citing weak demand in its packaging and pulp business, about a month after the head of that division sold shares.
“I’m very pleased to welcome Tuomas to the team as our new Chief Financial Officer," Kemira President and CEO Antti Salminen said in a statement.
"In addition to his strong financial expertise, he brings a proven track record in leading Investor Relations, IT, and Legal, as well as solid business leadership experience. He will be a valuable asset to Kemira as we continue to execute our strategy in the years ahead.”
Mäkipeska previously held leadership roles at Lassila & Tikanoja and worked as a consultant for Deloitte.
More from this issuer
Related coverage
Finnish chemicals group Kemira on Friday reported a drop in third-quarter profit and revenue, citing continued weak demand in the pulp and paper markets.
Kemira on Friday reported a drop in second-quarter profit and revenue, confirming the market weakness it flagged in a profit warning last week that followed a stock sale by a key executive.
A senior executive at Finnish chemicals company Kemira sold shares worth over 192,000 euros about one month before the company cut its full-year profit forecast, citing weakness in the executive's division.