Press releases

Mikael Laine appointed Moventas President & CEO

Mikael Laine, Senior Vice President of Business development and corporate functions, has been appointed the President and CEO of Moventas companies as of 1 March 2012.

Current President and CEO of Moventas companies, Moventas Wind Oy and Moventas Santasalo Oy, Jukka Jäämaa , is leaving the company on 31 March 2012, as he takes on a new senior role in another company outside Finland. He will support the transition during March.

Mikael Laine has been employed by Moventas since 2008 as the Senior Vice President in charge of Business development and corporate functions and as a member of the corporate management team. Before joining Moventas, Laine was the CEO of YAP Solutions and before that, the CFO of TeliaSonera Finland.

“I am honoured and excited to accept the CEO position. After the restructuring period, we have a fresh start with a strong balance sheet and a new owner with a strong industrial heritage. We have great growth opportunities and we are building strategic plans for each of our three business areas. These plans put our customers first and reflect their needs. The change of ownership gives us the opportunity to communicate our strengthened position and our plans to our customers, while continuing to listen to their requirements and strategies,” says Mikael Laine.

“We would like to warmly thank Jukka for his service and commitment over the years. We are delighted to announce the appointment of Mikael as President and CEO of Moventas companies. He has a clear and positive vision for the future of Industrial Gears, Service and Wind businesses. We look forward to working with him as he and the Moventas team strengthen and grow the business” comments Operating Partner of Clyde Blowers, Alex Stewart .

Clyde Blowers, the global industrial engineering group, completed the acquisition of the Moventas companies on 8 February, 2012. The change of President and CEO is not related to the acquisition.

On behalf of Clyde Blowers

Alex Stewart
Operating Partner

About Moventas

Moventas is a wind gearbox technology expert and service provider. Moventas’ technology strives for lowering the cost of energy across the lifecycle of wind energy generation, from superior gearbox design and manufacture to extensive multi-brand service for 20 different turbine brands' gearboxes globally.