Metso Appoints Sami Takaluoma as New President and CEO, Effective November 2024

Metso’s Board of Directors has announced the appointment of Sami Takaluoma as the company’s next President and CEO, with his tenure set to begin on November 1, 2024. The current President and CEO, Pekka Vauramo, will remain with Metso until the end of 2024, as per his contractual agreement, to ensure a seamless transition of leadership.

Sami Takaluoma, who has been with Metso since 1997 and has overseen the Services business area since 2021, has also been a member of the company’s Leadership Team since 2017. His extensive experience within the organization and his deep knowledge of the industries Metso serves were key factors in the Board’s decision.

Kari Stadigh, Chair of Metso’s Board of Directors, speaking on behalf of the Board, underscored Takaluoma’s qualifications, highlighting his strong track record in business leadership. Stadigh noted that Takaluoma had played a pivotal role in the growth of Metso’s services and consumables businesses, especially following the merger with Outotec. The Board expressed confidence that Takaluoma is the right leader to guide Metso into its next chapter.

Stadigh also extended gratitude to Pekka Vauramo for his service, acknowledging his contributions during his time as CEO. Under Vauramo’s leadership, Metso had transformed into a stronger organization with enhanced profitability, improved customer satisfaction, and a strengthened company culture. The Board wished Vauramo success in his future endeavors as he steps down from his role.

In his response to the appointment, Sami Takaluoma expressed his appreciation to the Board for entrusting him with the leadership role. Reflecting on his 27-year tenure at Metso, Takaluoma emphasized his deep understanding of the company and its potential. He noted that Metso, with its long history and solid foundation in the aggregates and mining sectors, is well-positioned to achieve industry leadership. He looked forward to working with the company’s talented team to drive further growth and value for customers and stakeholders.

Pekka Vauramo, in turn, expressed his thanks to his colleagues and Metso’s Board for the accomplishments over the past six years. He conveyed his optimism for the company’s future under Takaluoma’s leadership and wished his successor and the entire Metso team continued success.

Metso has scheduled a press conference for the media on October 24, 2024, from 11:30 to 12:15 at Hotel Vaakuna in Helsinki. Both the incoming CEO, Sami Takaluoma, and the current CEO, Pekka Vauramo, will be present for the event.

Have you read?
The Top 100 Highest-paid CEOs in America.
Countries With Lowest Rate of Economic Growth in 5 Years.
Countries Most in Debt to China.
Most Attractive Cities for Global Talent.
Largest economies in the world by Share of Global GDP.