The CEO of Oilon and its subsidiaries will change. Riku Kytömäki has been appointed as the new CEO and will assume the role on June 1, 2025. The current CEO, Tero Tulokas, will continue in his position until the end of May, after which he will transition to a fixed-term role as a Senior advisor for Oilon.
Tero Tulokas has been with the company since 2008 and has served as CEO since 2017. During his tenure, Oilon has experienced significant growth and international expansion. Tulokas has also played a key role in the development of the leading environmental technology. Under his leadership, Oilon has secured a strong global position in both industrial burner and heat pump solutions.
Chairman Kjell Forsén and Vice Chairman Päivi Leiwo express their sincere thanks to Tulokas for his significant contribution to the development of the company. According to them, Tulokas has been an extremely competent, and dynamic CEO, enjoying the full confidence of both the Board and the owners. His legacy provides a solid foundation for the new CEO to continue advancing the company.
Tero Tulokas comments: “I have had the privilege to work for over 15 years in various positions, at Oilon, and served as its CEO for many years. I have been deeply motivated by the opportunity to develop environmentally friendly energy technology and have greatly enjoyed working with colleagues, business partners, and customers. Now is the right time for a leadership change. I am pleased to hand over the baton to Riku Kytömäki, whose extensive experience from industrial businesses will support Oilon’s future growth.”
Forsén and Leiwo express their great satisfaction with Kytömäki´s appointment as CEO of Oilon Group Oy. According to Forsén and Leiwo, Kytömäki´s extensive international experience – both as long-serving CEO of Exel Composites Plc and in previous leadership roles at ABB – provides an excellent foundation for the development and renewal of Oilon’s business operations.
“Oilon has strong technological expertise, a long and successful history, and excellent opportunities for growth and international expansion by leveraging global megatrends. I am excited to join Oilon’s skilled team and lead the company into its next phase of development,” says Riku Kytömäki.
For more information:
Kjell Forsén +358 400 757948
Päivi Leiwo +358 50 5420432