Harvard graduate and former UPM-Kymmene Strategy Executive Vice President, Heikki Malinen, has been appointed as Pöyry President and CEO. Malinen will take up the position on June 1, 2008. He replaces Erkki Pehu-Lehtonen. In the past ten years Pöyry has become a major player in the consulting and engineering sector under Pehu-Lehtonen’s leadership.

The company has experienced a three-fold sales increase, about 10-fold increase in the market capitalisation and it has a strong financial position. Chairman Henrik Ehrnrooth: “I want to take this opportunity to express my sincere thanks to Erkki Pehu-Lehtonen for our excellent cooperation during his very successful era at Pöyry. The decision to appoint Heikki Malinen is the outcome of a thorough global search process. We were looking for a people leader with international experience and drive to continue the profitable growth strategy of Pöyry. “I am confident that Mr Malinen is a perfect fit for the role, being an exceptionally international person with extensive and relevant experience for this position. The fact that he has professional services experience from Pöyry in 2000-2001 will help him get a head-start in this new role.” Malinen said he was very excited to be taking up the position.