Cargotec appoints new President to lead Kalmar

Cargotec appoints Niiranen to lead Kalmar

Cargotec’s Board of Directors has appointed Sami Niiranen as the new President of Kalmar as of May 2024 at the latest.

Cargotec’s current President and CEO, Casimir Lindholm, will hold his interim position as Kalmar President until then. Niiranen will also become a member of the Cargotec Leadership team.

As part of the planned separation of Kalmar by partial demerger, announced on 27 April 2023, if the demerger is pursued, Sami Niiranen shall also be proposed as the President and CEO of the proposed standalone Kalmar.

Sami Niiranen has over 20 years of experience in international business leadership. Most recently in Epiroc leading the Underground division. Prior to that, for more than 10 years, he has held several leadership positions in Atlas Copco.

To support the listing readiness preparations, the Board decided in August to establish a new Demerger Committee to oversee the preparations for listing readiness and corporate governance matters for the potential standalone Kalmar.

The Board has now decided that Jaakko Eskola will act as the Chair of The Demerger Committee. The Demerger Committee will consist of Jaakko Eskola, Teresa Kemppi-Vasama and Tapio Kolunsarka going forward.

Planning of the partial demerger will continue throughout 2023 and the potential separate listing of Kalmar on Nasdaq Helsinki would, if carried out, take place in 2024.

“I’m excited to be leading Kalmar through the planned standalone listing,” said Niiranen.

“Kalmar is a technology forerunner in its field and performs well with a talented team and a strong portfolio of businesses.

I believe that the business is in an excellent position to create further value for all of its stakeholders and I look forward to contributing with my experience to drive profitability, operational excellence, innovation and growth within the industry.”

READ: Kalmar Leads the Way in Cybersecurity Certification for the Terminal Industry

“Sami Niiranen is an experienced industry leader with a proven track record of improving operational performance and driving growth in a variety of competitive global business landscapes,” Jaakko Eskola, Chair of the Cargotec Board of Directors.

“We are confident that under Niiranen’s leadership Kalmar will continue to grow and maintain the commitment to profitability and sustainability.”

In October 2023, Kalmar announced it will equip Générale de Manutention Portuaire (GMP) in Le Havre, France, with four more Kalmar hybrid straddle carriers.

More recently, Kalmar concluded an agreement to supply Kingston Freeport Terminal Limited (KFTL) with 12 Kalmar hybrid straddle carriers for deployment at their terminal in Kingston, Jamaica.

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