HUH1V Huhtamaki Oyj

Huhtamaki appoints Wilhelm Wolff as Executive Vice President, Strategy and Business Development

Huhtamaki appoints Wilhelm Wolff as Executive Vice President, Strategy and Business Development

HUHTAMÄKI OYJ STOCK EXHANGE RELEASE 3.10.2024 AT 12:00 EEST

Wilhelm Wolff (46), MSc (Social Sciences), has been appointed as Executive Vice President, Strategy and Business Development and a member of Global Executive Team at Huhtamaki as of January 13, 2025. He will report to President and CEO Charles Héaulmé and will be based in Espoo, Finland.

Wilhelm joins Huhtamaki from Neste where he served as the Vice President, Feedstock & Asset Development. Neste is a leading producer of sustainable aviation fuel, renewable diesel and renewable feedstock solutions, headquartered in Finland. Before his current role, he served as Vice President, Corporate Strategy. Prior to joining Neste, he had a long career at UPM-Kymmene, a global forest industry company, where he worked in various leadership roles including Vice President, Strategy & Business development, UPM Biorefining.

“I am pleased to welcome Wilhelm to Huhtamaki. With the broad range of strategy and business leadership experience gained at leading Finnish companies, Wilhelm brings to us deep expertise on strategy definition and deployment as well as on portfolio management, with high sustainability engagement. Wilhelm’s leadership style will empower the team to succeed and support strong business performance. I have great confidence in the Strategy and Business Development team and its ability to drive our growth strategy under Wilhelm’s leadership,” says Charles Héaulmé, President and CEO of Huhtamaki. 

“I am excited to join Huhtamaki, which is known as a leading sustainable packaging solution provider globally. Together with the team we will continue enhancing Huhtamaki’s 2030 strategy and accelerating its execution to drive further value creation,” says Wilhelm Wolff, newly appointed Executive Vice President, Strategy and Business Development.

Following the change, the members of the Global Executive Team are:

Charles Héaulmé (Chair), President and CEO;

Thomas Geust, Chief Financial Officer;

Fredrik Davidsson, President, Fiber Foodservice Europe-Asia-Oceania;

Marco Hilty, President, Flexible Packaging;

Ann O’Hara, President, North America;

Salla Ahonen, Executive Vice President, Sustainability and Communications;

Marina Madanat, Executive Vice President, Strategy and Business Development (until October 8, 2024);

Sami Pauni, Executive Vice President, Corporate Affairs and Legal, Group General Counsel;

Johan Rabe, Executive Vice President, Digital and Process Performance;

Ingolf Thom, Executive Vice President, Human Resources and Safety; and

Wilhelm Wolff, Executive Vice President, Strategy and Business Development (from January 13, 2025 onwards)

For further information, please contact:

Charles Héaulmé, President and CEO, tel. 1

HUHTAMÄKI OYJ

Global Communications

About Huhtamaki

Huhtamaki is a leading global provider of sustainable packaging solutions for consumers around the world. Our innovative products protect on-the-go and on-the-shelf food and beverages, and personal care products, ensuring hygiene and safety, driving accessibility and affordability, and helping prevent food waste. We embed sustainability in everything we do. We are committed to achieving carbon neutral production and designing all our products to be recyclable, compostable or reusable by 2030. Our blueloopTM sustainable packaging solutions are world-leading and designed for circularity.

We are a participant in the UN Global Compact, Huhtamaki is rated ‘A’ on the MSCI ESG Ratings assessment and EcoVadis has awarded Huhtamaki with the Gold medal for performance in sustainability. To play our part in managing climate change, we have set science-based targets that have been approved and validated by the Science-Based Targets initiative.

With 100 years of history and a strong Nordic heritage we operate in 37 countries and 103 operating locations around the world. Our values Care Dare Deliver guide our decisions and help our team of around 18,000 employees make a difference where it matters. Our 2023 net sales totalled EUR 4.2 billion. Huhtamaki Group is headquartered in Espoo, Finland and our parent company, Huhtamäki Oyj, is listed on Nasdaq Helsinki Ltd. Find out more about how we are protecting food, people and the planet at .   

Attachments



EN
03/10/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Huhtamaki Oyj

 PRESS RELEASE

Huhtamaki appoints Wilhelm Wolff as Executive Vice President, Strategy...

Huhtamaki appoints Wilhelm Wolff as Executive Vice President, Strategy and Business Development HUHTAMÄKI OYJ STOCK EXHANGE RELEASE 3.10.2024 AT 12:00 EEST Wilhelm Wolff (46), MSc (Social Sciences), has been appointed as Executive Vice President, Strategy and Business Development and a member of Global Executive Team at Huhtamaki as of January 13, 2025. He will report to President and CEO Charles Héaulmé and will be based in Espoo, Finland. Wilhelm joins Huhtamaki from Neste where he served as the Vice President, Feedstock & Asset Development. Neste is a leading producer of sustainable ...

 PRESS RELEASE

Huhtamäki nimittää Wilhelm Wolffin strategiasta ja liiketoiminnan kehi...

Huhtamäki nimittää Wilhelm Wolffin strategiasta ja liiketoiminnan kehittämisestä vastaavaksi johtajaksi HUHTAMÄKI OYJ PÖRSSITIEDOTE 3.10.2024 KLO 12.00 Wilhelm Wolff (46), VTM, on nimitetty Huhtamäen strategiasta ja liiketoiminnan kehityksestä vastaavaksi johtajaksi sekä konsernin johtoryhmän jäseneksi. Hän aloittaa tehtävässään 13.1.2025. Hän raportoi toimitusjohtaja Charles Héaulmélle toimipaikkanaan Espoo. Wilhelm siirtyy Huhtamäelle Nesteeltä, jossa hän on toiminut Vice President, Feedstock & Asset Development -roolissa. Neste on maailman johtava uusiutuvan lentopolttoaineen, u...

ABGSC Pulp & Paper Research ... (+3)
  • ABGSC Pulp & Paper Research
  • Ali Shemmari
  • Martin Melbye

Q3 preview

Huhtamaki will report its next quarterly results on 24 October. We reiterate HOLD with a TP of EUR 39 (42). We arrive at clean EBIT of EUR ~102m for Q3'24e.

Miika Ihamaki
  • Miika Ihamaki

Huhtamaki (Buy, TP: EUR47.00) - Steady execution in Q3e

We believe Huhtamaki needs more growth to ignite its operating leverage, cost efficiencies, and smoother Blueloop roll-out, to continue achieving solid EBIT and ROIC expansion. For Q3e, we do not see much that would meaningfully support this trend, but find several strong arguments to maintain a positive stance on the stock. We reiterate our BUY and EUR47 target price, following small estimate cuts (results due on 24 October).

ResearchPool Subscriptions

Get the most out of your insights

Get in touch