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Altia to Replace CEO

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Altia to Replace CEO

Altia to Replace CEO
November 25
11:10 2013

The board of directors of Altia has decided to release chief executive Antti Pankakoski from his duties. Antti Pankakoski has served as chief executive since 2007 and has now left office.

“Altia has recently clearly fallen behind its financial targets and lost market share. Performance has decreased during the past two years. The company needs new leadership to meet the set goals in challenging market and operational environment,” says chairman Matti Tikkakoski.

The board has initiated the search for a new chief executive. Member of the executive management team, senior vice president Hannu Tuominen will take over the chief executive’s responsibilities until the vacancy is filled.

“We want to thank Antti Pankakoski for his long-term efforts and dedication into developing Altia into a leading alcoholic beverage company in the Nordic and Baltic countries,” adds Matti Tikkakoski.

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