March 01, 2011

Valmet Automotive appoints three new board members

The renewed provider of automotive services, Valmet Automotive, announces appointments of three new board members, representing top names of automotive world.

German Dr.-Ing. Franz-Josef Paefgen has a long track record within automobile industry, holding various top management positions, including CEO of Audi and Bentley, President of Bugatti, and General Executive of Volkswagen. Dr. Paefgen has developed a profound understanding of challenges and solutions concerning global automotive industry and especially premium automotive brands.

Swede Peter Augustsson, M.Sc. (Tech) has compiled a broad experience in various executive positions within business development consulting, manufacturing and automobile industries. Mr. Augustsson has held top positions in Swedish automotive and engineering industry, including CEO positions of Saab and SKF. He has also worked as SVP European operations for General Motors and in key product development and launching projects in Volvo. He is specialized in product and production engineering and has in-depth understanding of the challenges of global automotive industry.

Finn Jarkko Sairanen (M.Sc. Eng, MBA) comes with broad international leadership experience and background in the management consulting sector. Mr. Sairanen has worked in Central Europe as the President, Automotive Software, of Elektrobit Corporation. Prior to this he worked in Nokia, e.g. responsible for Corporate Strategy, and had a long career with the Boston Consulting Group in Helsinki and Munich. From April 1, 2011 he will take a position as Executive Vice President of Pöyry PLC and President of the Management Consulting business group. Sairanen has a MBA from INSEAD and M.Sc. from Helsinki University of Technology.

“We are pleased to announce these appointments, which will help us strengthen our capabilities to further develop our position as a leading service provider to the benefit of our customers and gain further credibility to our name. Franz-Josef Paefgen, Peter Augustsson and Jarkko Sairanen bring in a wealth of visions, knowhow and experience to the Valmet Automotive Board of Directors”, says Olli Vaartimo, Chairman of Valmet Automotive Board and CFO of Metso Corporation.

Other continuing members of Valmet Automotive Board of Directors are Mr. Kalle Reponen from Metso Corporation and Mr. Ulrich Thum from thum-consulting. The appointments of the new board members are effective from March 1, 2011.

Further information:
Teija Åhlman, VP Communications, Valmet Automotive
Tel: +358 20 484 8060
Email: teija.ahlman@valmet-automotive.com

Valmet Automotive is an experienced provider of automotive engineering, vehicle manufacturing, convertible roof systems and related business services. Our special areas of expertise are premium cars, convertibles and electric vehicles. We employ 1,600 professionals in Finland, Germany, Poland, Sweden and the USA.