Lassila & Tikanoja Appoints Ari-Pekka Määttänen President and CEO From May 2027

Lassila & Tikanoja's board has appointed Ari-Pekka Määttänen as President and CEO, effective 1 May 2027, succeeding Eero Hautaniemi. The appointment was announced by TradingView on 28 October 2026. Hautaniemi stays in the role until 30 April 2027.

Määttänen's Path From Fintoil to Lassila & Tikanoja

Määttänen, born 1968 and a Master of Science in Technology, joins Lassila & Tikanoja from his current position as CEO of Fintoil Oy. He has held senior leadership and business development positions at Stora Enso and Andritz, according to the stock exchange release.

Hautaniemi's decision to step down by summer 2027 was announced on 19 March 2026. He will continue as President and CEO until 30 April 2027 and then serve as Senior Advisor until 31 July 2027.

Jukka Leinonen, Chair of the Board of Directors, said: "We are very pleased to welcome Ari-Pekka to lead Lassila & Tikanoja into its next phase. He has strong experience in business growth and transformation, strategy execution and value creation for customers." Leinonen added that the Board believes Määttänen is the right person to accelerate growth as a company purely focused on the circular economy, and thanked Hautaniemi for his years of service.

Määttänen said: "Lassila & Tikanoja is a highly respected company with a unique role in enabling the circular economy. The company has a strong market position, highly skilled employees and significant opportunities to create value for its customers and shareholders."

The Demerger Behind the Pure-Play Circular Economy

According to akta.pro company records, Lassila & Tikanoja completed a partial demerger on 31 December 2025, spinning off facility services into Luotea Plc and becoming a pure-play Nordic circular economy company listed on Nasdaq Helsinki from 2 January 2026. The same records show full-year 2025 revenue of EUR 426.6 million, up 0.7% year on year, and adjusted EBITA of EUR 40.6 million, down from EUR 44.4 million in the prior year. The 2026 revenue guidance range is EUR 420-450 million.

Earlier Signals From the Boardroom and the Books

On 14 October 2026, GlobeNewswire reported that board member Teemu Kangas-Kärki bought 484 shares at €6.135 each on 8 October 2026 and sold 484 shares at €6.11847 each on 13 October 2026, with the sale executed due to a fund manager's error. On 5 October 2026, Yahoo reported that Lassila & Tikanoja would publish its interim report for January-September 2026 on 28 October 2026, with a webcast hosted by Hautaniemi and CFO Joni Sorsanen. On 6 August 2026, GlobeNewswire reported first-half 2026 net sales of EUR 211.1 million, up 5.9%, while adjusted EBITA fell 36.8% to EUR 10.1 million.

When the Handover Takes Effect

Määttänen assumes the President and CEO position on 1 May 2027. Hautaniemi's term as Senior Advisor runs until 31 July 2027.