On September 2, 2024, Outokumpu Corporation announced a significant leadership transition as Kati ter Horst prepares to take over as President and CEO effective October 1, 2024. This change follows her resignation from the board of directors, where she served as a member and vice chairman. The decision marks a pivotal moment for Outokumpu, a leading stainless steel manufacturer known for its commitment to sustainability and innovation in the metals industry.
Kati ter Horst's appointment was officially confirmed by Outokumpu on July 9, 2024. She brings extensive experience in the industry, having held various leadership roles that have equipped her with the skills necessary for steering the company into its next chapter. With her ascent to the CEO position, ter Horst aims to enhance Outokumpu's strategic direction and strengthen its position in the global market.
Heikki Malinen, the outgoing President and CEO, will step down on September 30, 2024. His tenure has been marked by significant achievements, including advancements in sustainable practices and operational efficiencies within the company. Malinen's leadership has helped Outokumpu navigate challenges in the competitive stainless steel sector, and his departure signifies the end of an era for the organization.
Following ter Horst's resignation from the board, Outokumpu will now have seven members on its board of directors. The company has announced that a new vice chairman will be elected at the next annual general meeting in 2025. This transition reflects the ongoing evolution of the company's governance structure as it adapts to new leadership and strategic priorities.
Kati ter Horst's vision for Outokumpu includes a focus on innovation, sustainability, and customer-centric solutions. She plans to leverage her background in operations and management to drive growth and enhance the company's competitive edge. As the global demand for stainless steel continues to rise, ter Horst aims to position Outokumpu as a leader in providing high-quality materials while minimizing environmental impact.
