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New CEO for Cargotec

Hiab and Kalmar owner Cargotec has appointed Casimir Lindholm its chief executive designate, he will take over from Mika Vehviläinen when he departs in April.

Lindholm has been a Cargotec non-executive since March 2021 and until recently was chief executive of Swedish construction company Eltel having joined the company in 2018. Prior to that he was chief executive of Finnish contractor Lemminkäinen where he stated out as a business unit manager in 2008. He began his career 1998 as a manager with major international accountants/consultants Arthur Andersen, moving on to Atos as a Principal consultant in 2003 and Glocalnet/Telenor two years later before starting with Eltel in 2008.
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Casimir Lindholm

He also sat as a non-executive director on several boards, including: YIT Corporation, Uponor Group, Hartwall Capital and Varma Mutual Pension Insurance.

Speaking of his new appointment he said: “I’m honoured and excited to be leading Cargotec at such a pivotal moment in the company’s history, with a strong foundation and a clear vision into its next development phase of growth as we have communicated before. With a talented team, a strong portfolio of businesses with decision making close to customers, and a commitment to sustainability and profitable growth, I believe that the company is in an excellent position to create value by empowering our businesses even further in the years to come,” says Casimir Lindholm.

Cargotec chairman Jaakko Eskola added: “Casimir is a seasoned leader as a listed company CEO with a proven track record of reshaping businesses. His membership in Cargotec’s Board is an advantage providing profound knowledge and understanding of Cargotec’s business and strategic direction. The work to develop the company to its full potential continues and the Board of Directors is confident that under Casimir’s leadership, Cargotec will continue to drive value for our shareholders and customers. Additionally, I would like to express our gratitude to our retiring CEO Mika Vehviläinen for his leadership and outstanding contributions to our business."

Mika Vehviläinen announced his decision to retire in December, having joined the company in 2013. He has agreed to remain on call as an advisor to the Cargotec board until the end of February 2024.