Change in Valmet’s Executive Leadership Team: Pia Aaltonen-Forsell Appointed Chief Financial Officer

Valmet announced on July 24, 2026 that Pia Aaltonen-Forsell had been appointed Chief Financial Officer and member of the Valmet Executive Leadership Team, with a planned start date no later than the end of January 2027.

Sami Riekkola, Executive Vice President, Pulp, Energy and Circularity business area, and a member of Valmet’s Executive Leadership Team, has decided to leave Valmet to pursue an opportunity outside of Valmet. His last day at Valmet will be January 22, 2027, at the latest. The recruitment process for his successor will be initiated immediately.

Valmet’s Chief Financial Officer Katri Hokkanen has decided to leave the company to pursue an opportunity outside of Valmet. She will continue in her current position to lead Finance and be an active member of Valmet’s Executive Leadership team until the end of September 2026 to ensure an orderly and seamless transition.

Valmet has entered into an agreement to acquire Severn Group, a well-established industrial valve company, from Bluewater, a UK-based private equity firm. The acquisition covers all three Severn divisions: Severn Glocon, ValvTechnologies, and LB Bentley. Severn serves process industries globally and has over a 60-year track record of delivering specialized flow control solutions across the most demanding applications.

Valmet has been awarded a Gold Medal in the EcoVadis sustainability assessment, placing the company among the top 5% of more than 150,000 companies assessed worldwide. EcoVadis evaluates companies across four categories: environment, labor and human rights, ethics, and sustainable procurement. Valmet’s overall score was 82/100, six points higher than last year. The result places the company among the top two percent of all companies assessed by EcoVadis worldwide, bringing the company even closer to its goal, the Platinum Medal.

Valmet is strengthening its flow control capabilities in Australia with the inauguration of a new service center and a manufacturing unit in Sydney. The new facility enhances the availability of mission-critical flow control solutions and services for customers in process industries across the region, with a particular focus on Australia’s pulp, paper, mining and metals, refining, chemicals, and renewable energy sectors.