Finnair CEO Pekka Vauramo leaves the company to join Metso Corporation

Finnair Plc         Stock Exchange Release        21 May 2018        at 8.30 a.m. EET

Finnair’s CEO, Pekka Vauramo, has given notice of his resignation from the company to join Metso Corporation as their new CEO. He will leave Finnair at the latest in November 2018. The search for Vauramo’s successor starts today.

“The Board of Finnair is naturally sad to see Pekka Vauramo leave the company, but we also respect his personal decision to take on another challenge. We thank Pekka for his leadership in the past five years and wish him lots of success in his future role,” says Jouko Karvinen, chairman of Finnair’s board of directors. “During the past few years, Finnair’s people have achieved a remarkable transformation and have turned Finnair into a growth company. We all at Finnair, including the board, will now continue this extensive journey of transformation.”

“We have been through a lot at Finnair over the past five years,” says Pekka Vauramo, Finnair’s CEO. “Our strategic focus on growth, customer experience, personnel experience and transformation has been the right choice, and I want to extend my warm thanks to the entire Finnair team for this. I have now been offered to take on one more challenge, and this has not been an easy decision for me to make. I am grateful for having been a part of this change journey, and I am committed to leading Finnair together with my team for the rest of my time at Finnair. Our company’s focus needs to be on the future development of the company every day.”

Further information:
Finnair communications, tel. +358 9 818 4020, comms(a)finnair.com

Distribution:
Nasdaq Helsinki
Principal media

Finnair is a network airline specialising in passenger and cargo traffic between Asia and Europe. Helsinki’s geographical location gives Finnair a competitive advantage, since the fastest connections between many European destinations and Asian megacities fly over Finland. Finnair’s vision is to offer its passengers a unique Nordic experience, and its mission is to offer the smoothest, fastest connections in the northern hemisphere via Helsinki and the best network to the world from its home markets. Finnair is the only Nordic network carrier with a 4-star Skytrax ranking and a member of the oneworld alliance. In 2017, Finnair’s revenues amounted to EUR 2,568 million and it carried almost 12 million passengers. Finnair Plc’s shares are quoted on Nasdaq Helsinki.

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Finnair is specialised in flying between Europe and Asia via Helsinki. Finnair's strategy is based on the growing markets in Asia, the fastest connections between Europe and Asia, high-quality service, and cost-efficient, punctual operations. Founded in 1923, Finnair is one of the world's oldest continuously operating airlines. It is a member of oneworld, the leading airline alliance for quality-conscious business travelers.

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