Raisio CEO to leave Finnish food group

Raisio CEO Pasi Flinkman volition permission the Finnish nutrient institution aft 2 years successful the role.

In a connection contiguous (21 May), the Benecol and Elovena proprietor said Flinkman had told the concern helium volition permission ”Raisio to articulation different company”.

He volition stay CEO until November oregon until a replacement is appointed.

Raisio committee seat Arto Tiitinen said: “Flinkman has renewed Raisio’s operations and improved the company’s profitability successful a commendable manner. Based connected these achievements, Raisio has beardown foundations to proceed the determined execution of its strategy.”

Flinkman joined Raisio successful June 2024 from Orkla’s Finnish confectionery and snacks unit, aft predecessor Pekka Kuusniemi stepped down.

His departure comes little than a twelvemonth aft Raisio acceptable retired a caller strategy for the years 2025 to 2027.

In May past year, the radical divided its operations into category-focused units covering breakfast, snacking and nutrient solutions, bosom health, and caller concern development, with the changes starring to 14 occupation cuts.

At the time, Flinkman said the caller operation would enactment “holistic, accountable absorption and fast, consumer-oriented decision-making”.

Raisio’s strategy targets gross of €250m ($290.6m) by the extremity of 2027 and EBIT of €30m implicit the strategy period.

In 2025, the institution generated nett income of €224.2m, down 1.1% twelvemonth connected year, portion EBIT roseate 40.7% to €28m. Net nett accrued 37.2% to €23.2m.

The institution said the diminution successful income reflected the disposal of its works macromolecule concern and weaker home concern sales.

Flinkman said today: “I would similar to convey each Raisio employees arsenic good arsenic our customers for their practice and trust. Together, we person strengthened the company’s fiscal performance, precocious the implementation of the strategy and built a much competitory instauration for the future. I privation Raisio continued occurrence besides successful the future."

"Raisio CEO to permission Finnish nutrient group" was primitively created and published by Just Food, a GlobalData owned brand.

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