• Jussi Vanhanen has been appointed the new CEO of Vexve commencing 1 May 2017

• Jussi Vanhanen to make a significant investment in Vexve

• DevCo Partners to continue active role in development of Vexve

Jussi Vanhanen joins Vexve from Mondi Group, where he was CEO of the Fibre Packaging division since 2014. Jussi has previously been a Senior Advisor for The Boston Consulting Group and held numerous managerial positions at UPM-Kymmene including Head of Engineered Material Business Group. Vanhanen has also chaired the Board of Peikko Group, a Lahti-based family company, since 2014.

”Vexve has an ambitious plan for international growth. Jussi Vanhanen has the required experience and set of values to lead Vexve through its next growth phase”, says Sari Baldauf, Chairman of Vexve.

”I’m excited about this opportunity to develop Vexve into an even stronger and more international provider of valve solutions. The culture of Vexve, its dedicated employees as well as DevCo’s long-term focus provide an excellent foundation for future growth. The DevCo team including interim CEO Otto Kukkonen have done a great job starting the development work, and I look forward to their continued active contribution in the future”, says Jussi Vanhanen, the incoming CEO of Vexve.

Vexve is a leading producer of district energy valve. Vexve was founded in 1960 and exports valves from its Finnish sites, Sastamala and Laitila, to over 30 countries. Vexve generated revenue of EUR 46 million and has circa 160 employees.

More information:

Otto Kukkonen | Interim CEO of Vexve |