Bekaert, a global leader in steel wire transformation and coating technologies, has recently made headlines with the announcement of a significant transition in its financial leadership. Taoufiq Boussaid, who has served as Chief Financial Officer since July 2019, will step down from his position on 31 October 2024 to explore new opportunities. In his place, Bekaert has appointed Seppo Parvi as the new CFO and a member of the Group Executive Committee, effective 1 November 2024.
During his tenure, Taoufiq Boussaid played a crucial role in guiding Bekaert through a transformative period. His financial leadership was instrumental in enhancing the company’s profitability and cash flow generation. Under his stewardship, Bekaert strengthened its balance sheet and increased shareholder value, all while laying a solid groundwork for sustainable growth. His departure marks the end of a significant chapter for the company, as he leaves behind a robust financial framework that will support future endeavors.
Seppo Parvi brings a wealth of experience to his new role at Bekaert. He has had an extensive international career in financial and operational leadership, having served as CFO, Deputy to the CEO, and Finland country manager at Stora Enso since 2014. Stora Enso is a prominent provider of renewable products in packaging, biomaterials, and construction. Parvi’s previous roles at Ahlstrom and Huhtamaki further underscore his expertise in navigating complex financial landscapes, making him a valuable addition to Bekaert’s executive team.
Yves Kerstens, CEO of Bekaert, expressed gratitude for Boussaid’s contributions, stating, “We are very thankful for Taoufiq's contributions and the robust foundation he has established for Bekaert’s future. We wish him all the best for his future success.” This acknowledgment highlights the importance of Boussaid’s work in positioning Bekaert for ongoing success.
As Parvi steps into his new role, he faces the challenge of continuing the transformation that Bekaert has embarked upon. His extensive background in financial management and operational leadership will be pivotal in executing the company's corporate strategy and supporting its future ambitions. The appointment of Parvi signals Bekaert’s commitment to maintaining strong financial stewardship as it navigates the evolving market landscape.
