New President and CEO at Metso

Andy Brown Head of Content, Construction and Engagement

24 October 2024

Metso’s Board of Directors has appointed Sami Takaluoma as Metso’s new President and CEO. He will assume his duties on November 1, 2024. Metso’s current President and CEO, Pekka Vauramo, will continue with the company as per his contract until the end of 2024, to help ensure a smooth transition.

Sami Takaluoma, Metso’s new President and CEO. Image: Metso

Takaluoma has been with Metso since 1997 and has led Metso’s Services business area since 2021. He has been a member of Metso’s Leadership Team since 2017.

“Sami has done an excellent job in leading the businesses and as a member of the Leadership Team over the past seven years,” said Kari Stadigh, Chair of Metso’s Board of Directors.

“Under his leadership, Metso’s services and consumables businesses have grown and created significant value, especially after the merger of Metso and Outotec. The Board is convinced that Sami is the right choice to lead Metso into its next phase.”

Metso describes itself as “a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally.”

The Metso Board thanked Vauramo, who is now stepping down from his role as President and CEO of Metso as earlier agreed, saying that under his leadership the company enhanced its culture and improved customer satisfaction, and its profitability.

“I would like to warmly thank the Board for the opportunity to lead this great company,” said Metso’s new President and CEO Sami Takaluoma.

“Having had the privilege of working for Metso for 27 years, I can confidently say that I know the company and understand our potential. With Metso’s long history and strong foundation in the aggregates and mining markets, we are excellently positioned to achieve industry leadership.”

Metso third quarter financial results

The company also released its third quarter results for 2024. In its report is said that overall market activity remained largely at the previous quarter’s level although its sales for the quarter declined 12% to €1.16 billion (US$1.25 billion), with equipment sales down 20% and services by 5%.

Operating profit was 15.3% of sales and discontinued operations’ result included a one-off charge of €250 million (US$270 million) related to the termination of a waste-to-energy business.