Elisa Markula has been appointed President and CEO of Oriola Corporation

Oriola Corporation Insider Information 14 June 2021 at 7.30 a.m.

Elisa Markula has been appointed President and CEO of Oriola Corporation

Oriola’s Board of Directors has appointed Elisa Markula as Oriola Corporation’s President and CEO. Elisa Markula will join Oriola from Tikkurila Group where she has been working since 2018 as President and CEO. She will start in her new position during the autumn 2021 on a date to be confirmed later.

“Oriola’s performance in the recent years has not been satisfactory. Therefore, the Board of Directors expects the new President and CEO Elisa Markula to look for and execute measures that improve profitability and operative efficiencies as well as bring new opportunities for the company. Measures that the Board is already assessing in this regard may also include acquisitions, divestments or other structural arrangements in the company’s core markets and the new President and CEO is expected to contribute strongly. We believe that Elisa Markula has the solid experience to lead the company going forward. We warmly welcome Elisa to Oriola,” says Panu Routila, Chairman of the Board of Directors of Oriola Corporation.

“I look forward to the opportunity to take the lead in Oriola and meet its employees. Oriola has an important role in the healthcare sector and in our society. Additionally, I am truly inspired by its purpose ‘Health for life’. I see a lot of potential in Oriola, especially for improving competitiveness and further accelerating renewal. It is important to build a solid foundation for future growth with the personnel and decisively focus on improving profitability and creating a unified working culture,” says Oriola’s new CEO Elisa Markula.

Panu Routila
Chairman of the Board of Directors
Oriola Corporation

***

CV – Elisa Markula
Born 1966
M.Sc. (Economics)
Finnish citizen

Primary career

2018-2021 President and CEO of Tikkurila Group
2009-2018 Senior Vice President, Paulig Group, Managing Director, Oy Gustav Paulig Ab (Coffee division)
2006-2009 Country Manager, Oy Suomen LEGO Ab (Finland)
In addition to these, many sales and marketing related positions from the year 1993 such as Sales Director at Oy Snellman Ab, Manager positions at Oy SCA Hygiene Products Ab and Fazer Chocolates Ltd

Positions of trust

Olvi Oyj (listed), member of the board since 2015
The Finland Chamber of Commerce, member of the board since 2020
The Chemical Industry Federation of Finland, member of the board since 2018
Association of Finnish Paint industry (VTY), member of the Board, since 2018

Further information:

Tuula Lehto
Vice President, Communications and Sustainability
Tel: +358 40 5885 343
E-mail: tuula.lehto@oriola.com

Distribution:
Nasdaq Helsinki Ltd
Key media

Released by:
Oriola Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo
www.oriola.com