PPG Appoints Melkko Interim Chief Executive Officer of Tikkurila
PPG (NYSE:PPG) has appointed Markus Melkko as the interim CEO of Tikkurila Oyj, effective immediately. Melkko, who has been serving as CFO, takes over following the resignation of Elisa Markula, who is leaving for a CEO role in another sector. Markula's resignation will take effect on a date yet to be announced, but she will support the transition. PPG executives have praised Melkko's leadership in transforming Tikkurila and executing business strategies that enhance stakeholder value.
- Markus Melkko's appointment is expected to bring continuity and stability to Tikkurila's operations.
- Melkko has a proven track record and was instrumental in Tikkurila's transformation and business strategy execution.
- The company may face a leadership gap during the transition period before a permanent CEO is appointed.
- Elisa Markula's departure could lead to concerns about continuity in Tikkurila's strategic direction.
PPG (NYSE:PPG) today announced that Markus Melkko has been named interim chief executive officer (CEO) of Tikkurila Oyj, effective immediately, in addition to his current responsibilities as its chief financial officer (CFO).
PPG announced that Markus Melkko has been named interim chief executive officer (CEO) of Tikkurila Oyj, effective immediately, in addition to his current responsibilities as its chief financial officer (CFO). (Photo: Business Wire)
Following the closing of PPG’s acquisition of Tikkurila on June 10, 2021, Elisa Markula notified the Tikkurila board of directors of her decision to resign as president and CEO of Tikkurila to take a CEO role at another company in another industry sector. Elisa’s resignation will be effective on a date to be announced and she will remain with Tikkurila until then to ensure a smooth transition.
“I want to thank Elisa for her leadership and many contributions to Tikkurila,” said Tim Knavish, PPG executive vice president. “She has built a strong team and together they executed a strategy to profitably grow the Tikkurila business. These efforts helped to enhance the value and reputation of Tikkurila, and we are pleased it is now part of the PPG family. We wish Elisa all the best in her future endeavours.
“Markus is a proven leader and he has been instrumental in the transformation of the Tikkurila business, which positions us well to achieve continued growth and success. He has played a key role on the leadership team in executing the business strategy and delivering increased value to Tikkurila stakeholders.”
Melkko joined Tikkurila in 2019 and has served as CFO and a member of the management team.
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