Markus Melkko (1975, M.Sc. Tech., B.Sc. Econ.) has been appointed President and CEO of Oras Invest and will start in the position by the end of May 2025 at the latest. Markus Melkko succeeds Annika Paasikivi, who will continue in her role until her successor starts.
”Markus brings extensive leadership experience into Oras Invest. He has a strong track record in supporting the profitable growth of various companies in financial and strategic leadership roles. For the past six years Markus has been in the Oras Invest network in his duties as the CFO and interim CEO of Tikkurila, and currently as the CFO and Managing Director of Uponor Corporation / GF Building Flow Solutions. Over the years we have come to know him as a high potential, competent and pragmatic leader,” comments Jari Paasikivi, Chair of Oras Invest Board of Directors.
”I am honored and grateful for the trust placed in me to lead Oras Invest. Oras Invest has over its 20-year journey proven the power of industrial ownership and long-term value creation. I look forward to building the next success stories together with the highly professional Oras Invest team, portfolio company owners, boards and management teams as well as with other close stakeholders,” says incoming President & CEO Markus Melkko.
The Oras Invest Nomination Board and Owners Board have decided on the following changes into the composition of the Board of Directors:
- Current board members to continue: Ulf Mattsson, Timo Ihamuotila, Heikki Westerlund, Ruth Werhahn and Joachim Rosengarten
- Annika Paasikivi and Henrik Paasikivi to be appointed as new board members
- Annika Paasikivi will be appointed Executive Chair of the Board
- Jari Paasikivi, Chair of the Board of Directors since 2018, Kaj Paasikivi, member of the Board of Directors since 2010, and Christoph Vitzthum, member of the Board of Directors since 2013, will step down from Oras Invest Board.
These changes will be effective as of the Annual General Meeting to be held on the 1st of April 2025.
”The changes in the management team and the board of Oras Invest announced today are the next step in typical family company evolution. As the forthcoming Chair of the Board and outgoing CEO, it is my responsibility to make sure that there will be a smooth transition and transfer of knowledge to my successor. I look forward to supporting Markus when he takes over as the first non-family-member CEO in the history of Oras Invest,” says Annika Paasikivi, current President & CEO of Oras Invest. ”Furthermore, I would like to express my deepest gratitude to Jari, Kaj and Christoph. They have all played instrumental roles in supporting our long-term value creation and my tenure at the helm of the company.”