Source: Glaston Corporation with additional information added by GlassBalkan

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The specific date of his departure will be communicated in the near future to ensure a smooth and orderly transition.

Under Mr. Laaksonen’s leadership, Glaston has navigated a dynamic market landscape and achieved significant milestones in its strategic development. The Board of Directors acknowledges and appreciates his contributions to the company during his tenure.

The Board of Directors has initiated the search process for a new CEO, seeking a candidate with the experience and vision to continue driving Glaston’s growth and innovation. The board is committed to a thorough and efficient search to identify the best individual to lead the company forward.

In the interim, the Board will work closely with the existing leadership team to maintain business continuity and operational effectiveness. Glaston remains focused on delivering value to its customers, partners, and shareholders during this transition period. Further updates regarding the CEO search and transition plan will be provided as they become available.

Source: Glastone with additional information added by GlassBalkan

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Ms. Lindqvist’s tenure at Glaston has spanned nearly a decade, during which she has played a vital role in the company’s financial strategy and overall development. Her contributions have undoubtedly shaped Glaston’s financial performance and strategic direction. The specifics of her achievements are not publicly detailed in the announcement, but the commendation from President and CEO Toni Laaksonen underscores her significant impact. Mr. Laaksonen’s statement, expressing gratitude for Ms. Lindqvist’s contributions and wishing her success in her future endeavors, highlights the respect and appreciation she commands within the organization.

The departure of a long-serving and highly placed executive such as Ms. Lindqvist is a notable event for Glaston. While the announcement does not elaborate on the reasons behind her decision, it is common for senior executives to seek new challenges and opportunities that align with their evolving career goals. The transition period, extending until March 16, 2025, suggests a carefully planned handover of responsibilities, aiming to minimize disruption to the company’s operations. This proactive approach underscores Glaston’s commitment to ensuring business continuity.

The announcement further assures stakeholders that the appointment of Ms. Lindqvist’s successor will be communicated in due course. This indicates that Glaston has already initiated the process of identifying and selecting a suitable candidate to fill this crucial role. The selection process will likely prioritize finding a candidate with comparable experience and expertise to ensure a smooth continuation of Glaston’s financial management and strategic planning.

While Ms. Lindqvist’s departure marks the end of a significant chapter in Glaston’s history, the company’s forward-looking statement demonstrates a confident approach to the transition and a commitment to maintaining its operational excellence. The upcoming announcement of the new CFO will provide further clarity and reassurance to investors and other stakeholders.

Source: Glaston Corporation with additional information added by GlassBalkan

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In a recent development, Anders Dahlblom has tendered his resignation from the role of CEO at Glaston Corporation, effective November 15, 2023, citing personal reasons. This decision has prompted the Board of Directors to initiate an immediate search for a new CEO to lead the company into its next chapter.

Antti Kaunonen Takes the Helm as Interim CEO

Simultaneously, Glaston’s Board of Directors, on November 15, 2023, announced the nomination of Antti Kaunonen as the interim CEO. Kaunonen, a seasoned leader, has been an integral part of Glaston’s Board since 2018. His extensive background in senior leadership roles within industrial companies, notably as the president of Kalmar, part of Cargotec (2015-2022), positions him well for this interim role.

Smooth Transition and Board Reshuffling

While Dahlblom extends support to the interim CEO during this transitional period, Glaston reassures stakeholders that its strategy, business operations, and management will proceed seamlessly without disruptions. Kaunonen, though stepping down from the Board’s People and Remuneration Committee, will continue his role on the Board.

Acknowledging Dedication and Progress

Veli-Matti Reinikkala, Chair of the Board, expressed gratitude on behalf of the entire Board for Dahlblom’s unwavering dedication in implementing Glaston’s 2021-2025 strategy. The company acknowledges Dahlblom’s instrumental role in consistently advancing the strategy and enhancing overall performance.

Impact on Scheduled Events

In light of the CEO’s resignation, Glaston’s Capital Markets Day, initially slated for November 21, 2023, is being rescheduled. The new date for this significant event will be announced in due course.

As Glaston navigates this transition, the company remains committed to its strategic goals and looks forward to the continued support of its stakeholders.

Source: Glaston Corporation  with additional information added by GlassBalkan

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