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Harvia’s Board Welcomes New Chair Amid Leadership Shift

Harvia’s Board Welcomes New Chair Amid Leadership Shift

Harvia's New Leadership Direction

In a significant move for Harvia Plc, the Board of Directors has made a notable change at the helm, electing Catharina Stackelberg-Hammarén as the new Chair of the Board. This decision follows the announcement from the outgoing Chair, Heiner Olbrich, regarding his resignation from the position. The Board sought to ensure a smooth transition during this change, with Stackelberg-Hammarén stepping up to provide continuity in leadership.

Continuity and Commitment

Heiner Olbrich, who has played a vital role on the Board since 2022 and held the Chair position since 2024, will remain with Harvia Plc as a Board member until the end of his current term. His departure from the Chair role is rooted in personal reasons, paving the way for Stackelberg-Hammarén to take charge. The Board is dedicated to maintaining stability and effective governance during this leadership shift.

About Catharina Stackelberg-Hammarén

Catharina Stackelberg-Hammarén is no stranger to leadership within Harvia. She joined the Board of Directors in 2023 and has been serving as the Deputy Chair since 2024. Her extensive experience and insights into company operations make her an ideal candidate to lead the Board. Alongside Stackelberg-Hammarén, Markus Lengauer has been appointed as the new Deputy Chair, further strengthening the Board’s leadership team.

Board Composition and Committee Changes

The election of a new Chair also brings adjustments to the Board Committees. With Stackelberg-Hammarén at the helm, the Personnel and Remuneration Committee now includes members Anders Holmén and Olli Liitola. The Audit Committee will continue under the leadership of Chair Petri Castrén, with members Hille Korhonen and Markus Lengauer contributing their expertise.

Strategic Goals Ahead

As Catharina Stackelberg-Hammarén assumes her role, she will also serve as an expert in the Shareholders’ Nomination Board of Harvia. Although not a member, her insights will support the Board in making recommendations for future Board appointments ahead of the Annual General Meeting. The Nomination Board plays a critical role in shaping the company’s leadership landscape.

Harvia’s Market Presence

Harvia Plc, a leader in the global sauna market, continues to demonstrate its commitment to quality and innovation. The company’s comprehensive product portfolio meets the diverse needs of sauna enthusiasts and professionals alike. With revenues reaching EUR 175.2 million in the previous year, Harvia’s reputation is well established, driven by a team of around 700 professionals across several countries, including Finland, the United States, Germany, and beyond.

Looking Ahead

As Harvia Plc navigates this transition in leadership, the company is positioned to continue its trajectory of growth and success. The Board's commitment to effective governance ensures that Harvia remains competitive and resilient in the ever-evolving sauna market. Stakeholders can expect the Board to maintain its focus on strategic objectives and innovation, promising an exciting future for the brand.

Frequently Asked Questions

Who is the new Chair of Harvia's Board of Directors?

Catharina Stackelberg-Hammarén has been elected as the new Chair of Harvia's Board.

What prompted the change in leadership?

Outgoing Chair Heiner Olbrich announced his resignation for personal reasons, leading to Stackelberg-Hammarén's election.

What experience does Stackelberg-Hammarén bring to the role?

She has served on Harvia's Board since 2023 and has been Deputy Chair since 2024.

Who else is on the Board of Directors?

Markus Lengauer has been appointed as the new Deputy Chair, among other committee members.

What is Harvia's market presence like?

Harvia leads the sauna market globally, with significant revenue and an extensive product range.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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