New Kalmar President

Cargotec‘s board of directors has appointed Sami Niiranen president of Kalmar as of May 2024 at the latest, until when current president and CEO Casimir Lindholm will hold his interim position. Niiranen will also become a member of the Cargotec leadership team.

As part of the planned separation of Kalmar by partial demerger, announced on April, 27 2023, if the demerger is pursued, Niiranen shall also be proposed as the president and CEO of the proposed standalone Kalmar.

Niiranen has over 20 years of experience in international business leadership. Most recently in Epiroc leading the Underground division. Prior to that, for more than 10 years, he has held several leadership positions in Atlas Copco.

To support the listing readiness preparations, the board decided in August to establish a new demerger committee to oversee the preparations for listing readiness and corporate governance matters for the potential standalone Kalmar.

The board has now decided that Jaakko Eskola will act as the chair of the demerger committee. The committee will consist of Jaakko Eskola, Teresa Kemppi-Vasama and Tapio Kolunsarka going forward. Planning of the partial demerger will continue throughout 2023 and the potential separate listing of Kalmar on Nasdaq Helsinki would, if carried out, take place in 2024.

Cargotec’s board of directors has appointed Sami Niiranen president of Kalmar.

“Kalmar is a technology forerunner in its field and performs well with a talented team and a strong portfolio of businesses. I believe that the business is in an excellent position to create further value for all of its stakeholders and I look forward to contributing with my experience to drive profitability, operational excellence, innovation and growth within the industry,” said Niiranen.

“Sami Niiranen is an experienced industry leader with a proven track record of improving operational performance and driving growth in a variety of competitive global business landscapes. We are confident that under Mr. Niiranen’s leadership Kalmar will continue to grow and maintain the commitment to profitability and sustainability,” said Eskola.