Starting from September 7, 2022, Mr. Nick Adcock has been appointed to the board of directors of Vexve Armatury Group Oy (“Vexve Armatury Group”, “Group”, “Company”). Mr. Adcock has served as Divisional Managing Director of Trillium Valves & Services (formerly Weir Flow Control) and President of IMI CCI and Bopp & Reuther. He currently works as an independent advisor to the flow control industry. Concurrently with the appointment, Lauri Stadigh will step down from the Company board after having served more than six years as a director.

“Vexve Armatury Group continues strengthening its leading position in the select niche application areas, driven by the global transition to a low carbon future. Nick Adcock’s vast experience and sector expertise will be a vital contributor for the board as we make strides on this journey as a group. On behalf of the entire group, I’m pleased to welcome Nick on board. Simultaneously, I would like to thank Lauri Stadigh for his great contribution to the team during his tenure,” says Kari Lehtinen, Chairperson of Vexve Armatury Group.

Following the appointment, the board of the Company consists of Kari Lehtinen (Chairperson), Otto Kukkonen (Vice Chairperson), Tomio Pihkala, Kalle Reponen, Markku Simula and Nick Adcock.

More information:

Vexve Armatury Group | Vice Chairperson Otto Kukkonen | +358 50 346 3487 | otto.kukkonen@devco.fi

Vexve Armatury Group in brief

Vexve Armatury Group is the leading European provider of valve solutions for critical conditions, especially in the energy sector and energy-intensive applications. The group is known for its superior product quality, fast delivery times combined with first-class customer service. Vexve Armatury Group delivers its products to over 70 countries and employs around 750 people with factories in Finland, the Czech Republic and Germany. Vexve Armatury Group aims to be the leading provider of mission critical valve solutions in the transition to a low carbon future.

DevCo Partners in brief

DevCo is a long-term-oriented active owner and development partner dedicated to building world-leading companies in selected niche markets. DevCo provides its companies with hands-on operational resources, strategic support and significant financial resources to support step changes in their performance. DevCo is currently a significant owner of three global niche leaders, Vexve Armatury Group, Medix Biochemica, and Bluefors.