Change of CEO at HKScan Corporation
HKScan Corporation, Stock Exchange Release, 29 September 2022 at 2.35 p.m. EET
Change of CEO at HKScan Corporation
The Board of Directors of HKScan Corporation and CEO Tero Hemmilä have today mutually agreed that Hemmilä will leave his position as CEO. Tero Hemmilä has been the CEO of HKScan Corporation since February 2019. He will leave his position immediately. The recruitment process for a new CEO has been initiated.
"On behalf of the entire Board and the company, I would like to thank Tero for his valuable contribution and work in HKScan's turnaround. The transformation into a versatile food company in line with our strategy is proceeding. Right now, urgent measures are needed to improve the profitability of the core business and to strengthen the balance sheet in a rapidly changing operating environment. I wish Tero all the best for the future," says Reijo Kiskola, Chairman of the Board of HKScan.
The Board of Directors of HKScan has today appointed Juha Ruohola as interim CEO of the company. Ruohola is a member of the Group Executive Team and was previously EVP for Business Unit Baltics, Polish business as well as Group's export and import. With Ruohola taking over as interim CEO, Markus Kirsberg has today been appointed to the Group Executive Team as interim EVP for Business Unit Baltics.
“The interim CEO, Juha Ruohola, has versatile and international expertise in the industry, which provides excellent support for HKScan's measures to significantly improve the company's profitability. In the longer term, the strategic change from a meat company into a versatile food company opens up new opportunities for growth," says Reijo Kiskola.
HKScan Corporation
Board of Directors
More information:
Reijo Kiskola, Chairman of the Board, HKScan Corporation
Contacts via Group SVP Communications Heidi Hirvonen, tel. +358 10 570 6072 or via e-mail heidi.hirvonen@hkscan.com
Link to the website: HKScan’s Group Executive Team
At HKScan, we make life tastier – today and tomorrow. Our strategic target is to grow into a versatile food company. Our responsibly produced, delicious products are part of consumers’ varied food moments – both every day and on special occasions. We have some 7,000 HKScan professionals applying more than 100 years of experience to make locally produced food. For us at HKScan, responsibility means continuous improvements and concrete actions throughout the food chain. As part of our Zero Carbon programme, we are targeting a carbon-neutral food chain from farms to consumers by the end of 2040. Our home markets cover Finland, Sweden, Denmark and the Baltics. Our strong product brands include HK®, Kariniemen®, Via®, Scan®, Pärsons®, Rose™, Rakvere® and Tallegg®. Through our strategic partnerships, we are also known for Kivikylän®, Tamminen® and Boltsi brands. HKScan is a publicly listed company, and in 2021, our net sales totalled over EUR 1.8 billion.
DISTRIBUTION:
Nasdaq Helsinki
Main media
www.hkscan.com