Suvic's Executive Management Restructuring for Future Growth
Suvic's New Executive Management Team
Suvic Oy has embarked on a significant restructuring of its Executive Management team, a decision prompted by reporting substantial losses from two projects in Sweden. This strategic move is designed to sharpen focus on operational efficiency and enhance the overall performance of the company.
Immediate Leadership Changes
The company is taking swift action by initiating a search for a new CEO. Currently, Ville Vesanen serves as CEO and will continue in this crucial role until a successor is appointed. Afterward, he plans to transition into the role of Chief Operating Officer (COO), which will allow him to apply his skills where they are most needed during this transitional phase.
Searching for New Financial Leadership
Additionally, the Chief Financial Officer (CFO), Ville Kemppinen, has announced that he will step down from his position. The search for a new CFO will commence promptly. Kemppinen remains committed to his duties until a structured handover is completed, ensuring a seamless transition and ongoing support for Suvic's financial operations.
Enhancing Operational and Financial Performance
Ilari Koskelo, Vice Chairman of Dovre’s Board of Directors, will be joining Suvic's management team to bolster operational and financial performance. His expertise will support the existing management as they navigate the company through this period of change. Koskelo's involvement begins shortly, and he will be present at the main office to facilitate effective collaboration among teams.
New Opportunities in Renewable Energy
Suvic has been actively securing large-scale renewable energy construction projects, particularly within its home territory. The company is eager to leverage its renewed management model to ensure the successful delivery of these projects. The focus on renewable energy aligns with global trends towards sustainability, indicating a promising future for Suvic.
Commitment to Sustainability
As part of Dovre Group Oyj, which holds a 51% stake in Suvic, the company is dedicated to advancing renewable energy solutions and contributing positively to environmental goals. With estimates indicating impressive sales figures and a dedicated workforce, Suvic is poised for growth while remaining committed to its values and vision.
Contact Information
If you have any inquiries regarding these changes or the company’s future projects, you can reach out directly:
Dovre Group Plc
Sanna Outa-Ollila, Acting CEO
Tel. +358 20 436 2000
sanna.outa-ollila@dovregroup.com
Ilari Koskelo, Vice Chairman of the Board of Directors
Tel. +358 40 510 8408
ilari.koskelo@navdata.fi
Frequently Asked Questions
What prompted the reorganization at Suvic?
The reorganization was prompted by significant losses from two projects in Sweden, leading to a reassessment of the Executive Management team.
Who will lead Suvic while a new CEO is being searched for?
Ville Vesanen will remain in his role as CEO until a replacement is appointed and will then transition to the position of COO.
What changes should we expect in Suvic's management team?
The company will be appointing new executives, including a new CEO and CFO, to better align with its strategic objectives and improve overall performance.
How is Suvic handling its renewable energy projects?
Suvic has secured large-scale renewable energy construction projects and aims to leverage its new management structure to ensure successful outcomes.
Who is responsible for the financial management at Suvic during this transition?
Ville Kemppinen will continue to oversee the CFO duties until a new CFO is appointed, ensuring a smooth transition in financial leadership.
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