Management Board of future Oriola and K Group joint venture

On March, Oriola and K Group announced that they will establish a joint venture to build a new nationwide store chain concentrating on health, beauty and wellbeing products and services. A management board, composed of the managing director and the directors responsible for sales, selection and marketing, has been established to plan the operations of the joint venture to be established.

Tuomas Mattelmäki, M.Sc. (Econ.), who has acted as the Business Unit Director, Brands of Oriola Oy, will be the Managing Director of the future joint venture. Mattelmäki has a long experience in the pharmaceutical sector. For over seven years before joining Oriola, he acted as the Commercial Director of Johnson&Johnson and before that, he held several positions at McNeil, Pfizer and Unilever.

Taiju Jaatinen, M.Sc. (Econ.), will be the Digital Business Sales Director of the future joint venture. Previously, she has acted as the Development Director of Kesko’s New Business Operations and has held other positions in business development and project operations. The Selection Director will be Pharmacist Anna Surakka, who has acted as the Marketing Director, Brands of Oriola Oy, and has held other managerial positions in marketing, sales and selection management at Oriola since 2005. In addition, Marjo Jalava, M.Sc. (Econ.), will be the Marketing and Concept Director. For the last four years, she has worked in concept development of Kesko’s grocery trade division.  

In addition, persons responsible for human resources and finances in the new chain will be appointed this spring.

The establishment of the joint venture of Oriola and Kesko and the roles now announced will become effective after the approval of the competition authority.

K Group

Kesko and K-retailers form K Group, whose sales total over €13 billion. K Group is the third largest retail operator in Northern Europe and it employs approximately 45,000 people. Kesko operates in the grocery trade, the building and technical trade and the car trade. Its divisions and chains act in close cooperation with retailer entrepreneurs and other partners. Kesko's net sales are €10 billion and it employs approximately 30,000 people. Kesko has over 2,000 stores engaged in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Russia, Belarus and Poland. Kesko is a listed company and its shares are listed on Nasdaq Helsinki. The company's domicile and main business premises are in Helsinki. Kesko is the world's most responsible trading sector company (The Global 100 Most Sustainable Corporations in the World).

Oriola is a Finnish listed retail and wholesale company that distributes pharmaceuticals and health and wellbeing products. Oriola has a strong position in the pharmaceuticals market in Sweden, Finland and the Baltics. We promote people's wellbeing by ensuring safe and efficient distribution of pharmaceuticals and healthcare consumer products and services to our customers. Oriola's net sales are €1.6 billion, the company has 2,821 employees and 325 pharmacies in Sweden and Latvia. The company is headquartered in Espoo.