The Board of Directors of Elcoline Group Oy and CEO Elina Engman have mutually agreed that Engman will leave the company. The Board will initiate the search process for a new CEO.
Effective immediately, the company’s current Chairman of the Board and founder Jere Räisänen will serve as interim CEO. At the same time, current board member Ari Lehtoranta will assume the role of Chairman of the Board.
“Elcoline Group’s strong acquisition-driven growth requires a new kind of leadership. We are firmly committed to our ambitious growth strategy toward a turnover of €250 million. Our goal is to build a leadership model that better supports the efficient operation of our expanded enterprise, while taking into account the unique characteristics of our units, the well-being of our personnel, and the needs of our customers. We want to thank Elina for her contribution to the development of the company and wish her every success in the future,” says Räisänen.
Further information
Jere Räisänen, interim CEO, Elcoline Group Oy
Tel. +358 44 5599 144, jere.raisanen@elcoline.fi
Ari Lehtoranta, Chairman of Board, Elcoline Group Oy
Tel. +358 40 725 2983, ari.lehtoranta@gmail.com
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.
