Change in Valmet’s Executive Leadership Team: Pia Aaltonen-Forsell appointed Chief Financial Officer

Valmet has appointed Pia Aaltonen-Forsell (M. Soc.Sc. (Econ.), MBA) Chief Financial Officer

and member of the Valmet Executive Leadership Team. In this position Aaltonen-Forsell will

report to the President and CEO Thomas Hinnerskov and she will start in the position at the

latest at the end of January 2027.

Pia Aaltonen-Forsell joins Valmet from the role of Chief Financial Officer at Finnair. Previously,

she has served as CFO in Northvolt, CFO in Outokumpu, CFO in Alhström-Munksjö and

Munksjö, CFO in Vacon, and in various management and finance positions at Stora Enso.

Aaltonen-Forsell is a member of the Board of Directors and Chair of the Audit Committee of

UPM-Kymmene Corporation.

Pia Aaltonen-Forsell will be based in Espoo, Finland.

“I’m very pleased to welcome Pia to Valmet. She brings demonstrated, broad financial expertise

and experience from leading complex global organizations. As we continue to develop Valmet

and execute our strategy, her leadership will be important in driving our financial performance,

cost competitiveness, and long-term value creation for our stakeholders,” says Thomas

Hinnerskov, President and CEO, Valmet.

Aaltonen-Forsell succeeds Valmet’s CFO Katri Hokkanen, who as announced on March 20,

2026, is leaving her role as the CFO by the end of September 2026.