Elcoline Group, specialising in industrial technical services, has appointed M.Sc. (Econ.) Mika Verronen as Chief Financial Officer and member of the Group Management Board, effective 1 October 2025. The appointment supports the Group’s growth strategy and strengthens financial cohesion across all group companies: Elcoline Oy and SSG Sahala Oy in Finland, Elcoline AB in Sweden, and Turbine and Generator Services (TGS) in both Finland and Sweden.
Mika Verronen brings over 25 years of diverse experience in demanding roles in financial management, strategy, M&A, and business development, both in Finland and internationally. He has previously held leadership positions at Wärtsilä and Masino Group, among others.
“Elcoline has grown significantly in recent years. As we continue our determined strategy-driven growth toward a turnover of 250 million euros, Mika is the right person to build, together with his team, the mechanisms that will ensure our Group’s financial performance going forward,” says Elina Engman, CEO of Elcoline Group.
“It’s exciting to apply my international expertise to accelerate the company’s strategy and expansion,” says Mika Verronen, incoming CFO of Elcoline.
Current CFO, Maria Bark Pettersson, will focus on the Swedish business going forward.
Further information
Elina Engman, CEO, Elcoline Group Oy
Tel. +358 50 351 4673, elina.engman@elcoline.fi
Elcoline in brief
Industry keeps society running. Elcoline keeps the industry running.
Elcoline is a Finland-based growth company that delivers technical services to the industrial sector.
The company operates in mining and metals, marine, energy, defense, and process industries in Finland and Sweden, as well as globally through long-term maintenance contracts.
Elcoline’s team of 1,000 professionals specialises in demanding industrial maintenance, servicing, and installation work, including condition monitoring and turbine and generator maintenance and upgrades. Furthermore, specialised components for customer projects are manufactured in company’s own workshops. In 2025, Elcoline’s revenue will approximately be EUR 150 million. The company is owned by institutional investors Evli, Elo, Tesi, Arvo, as well as its founders and employees.
