Mr Kari Lehtinen and Mr Markku Simula have been appointed as the board of directors of Vexve Armatury Group Oy. Jarmo Nieminen will step down from his board position at his request, but he will continue as a significant investor of the Company.
Mr Kari Lehtinen is the President and CEO of Oras Group. Mr Lehtinen has previously worked as the President & CEO of Paroc Group and has an extensive international management background in the building industry.
Mr Markku Simula is the President of the Aggregates business of Metso Outotec Corporation. Mr Simula has previously worked as the President of the Flow Control business unit of Metso and has a broad understanding of the flow control industry, particularly the industrial valves sector.
Following the changes, the board of the Company consists of Sari Baldauf (Chairman), Otto Kukkonen (Vice-Chairman), Lauri Stadigh, Tomio Pihkala, Kalle Reponen, Kari Lehtinen, and Markku Simula.