Pölkky CEO Petteri Virranniemi resigns at his own request

Pölkky CEO Petteri Virranniemi
Pölkky CEO Petteri Virranniemi

At the end of January 2023, the Austrian Pfeifer Holding GmbH had successfully completed the acquisition of the Finnish wood processor Pölkky Oy. Petteri Virranniemi has decided to resign as CEO of Pölkky for personal reasons.

The Board of Directors respects this step and thanks the outgoing CEO for his work over the past years. "Petteri Virraniemi has initiated long-term course in terms of corporate organization, management and investments at Pölkky, which form the basis for further corporate development under the umbrella of the Pfeifer Group," Michael Pfeifer, CEO of Holding GmbH, pays tribute to Virranniemi's merits. “The company is now in good hands and Pölkky’s outlook is strong”, Petteri Virranniemi states. Josef Dringel, Chairman of the Board of Directors at Pölkky Oy, will also assume the role of CEO for the Finnish sites on an interim basis from February 9th 2023 onwards.

Pfeifer had made its expansion into Nordic countries public at the end of December 2022. With the acquisition of the largest private wood processing company in Northern Finland, Pfeifer will become the third largest wood industry in Europe.

About the Pfeifer Group

The Austrian Pfeifer Holding GmbH was founded in 1948 and is now family-run in the third generation. It employs 2,600 people at thirteen locations in Austria, Germany, the Czech Republic and Finland. The company headquarter is located in Imst (Tyrol/Austria). In the fully integrated sawmills of the Group, around 5.4 million solid meters of wood are cut annually and processed along the entire value chain into sawn timber and planed goods, concrete formwork panels, formwork girders, cross laminated timber (CLT), glued laminated timber, glued solid wood panels as well as pallet blocks, briquettes, pellets and bio electricity.