Inside information: Progress in the planning of Lassila & Tikanoja plc's partial demerger
Lassila & Tikanoja plcInside information 9 June 2025 at 9:00 a.m.
Inside information: Progress in the planning of Lassila & Tikanoja plc's partial demerger
The Board of Directors of Lassila & Tikanoja plc proposes the appointment of CEOs and CFOs for the Circular Economy and Facility Services businesses as part of the planned partial demerger.
Eero Hautaniemi is proposed as the CEO of the Circular Economy business and Antti Niitynpää is proposed as the CEO of the Facility Services business as part of Lassila & Tikanoja plc's planned partial demerger.
As part of the plan announced on 13 December 2024 to separate Lassila & Tikanoja plc's ("Lassila & Tikanoja") Circular Economy business into a new publicly listed company through a partial demerger of Lassila & Tikanoja ("Demerger"), the Board of Directors proposes that Eero Hautaniemi be appointed as the CEO of the independent Circular Economy business, should the partial demerger be executed. Simultaneously, the Board of Directors of Lassila & Tikanoja proposes that Antti Niitynpää, eMBA, born 1972, be appointed as the CEO of the Facility Services business remaining following the Demerger, subject to the completion of the Demerger.
Eero Hautaniemi has served as the CEO of Lassila & Tikanoja and as a member of the Lassila & Tikanoja's Group Executive Board since 2019 and will continue in his current position as the CEO of Lassila & Tikanoja until the completion of the contemplated Demerger, in connection with which the appointments relating to the Demerger will come into effect. Antti Niitynpää has served as the Senior Vice President of Facility Services at Lassila & Tikanoja since 2021 and has over 10 years of experience in leadership positions within the company's facility services. Prior to that, he held several leadership positions at ISS companies for over 10 years.
The Board of Directors of Lassila & Tikanoja plc additionally proposes that M.Sc. (Econ.) Joni Sorsanen be appointed as the CFO of the independent Circular Economy business and M.Sc. (Econ.) Mika Stirkkinen be appointed as the CFO of the Facility Services business, should the partial demerger be executed. Joni Sorsanen has served as the CFO of the Lassila & Tikanoja Group and as a member of the Group Executive Board since 2024 and will continue in his current position until the completion of the contemplated Demerger, in connection with which the appointments regarding the Demerger will come into effect. Mika Stirkkinen has over 20 years of experience in financial management, including serving as the CFO of Finnair.
LASSILA & TIKANOJA PLC
Board of Directors
Jukka LeinonenChairman of the Board of Directors
For additional information:Eero Hautaniemi, President and CEO, tel. +358 10 636 2810
Lassila & Tikanoja is a service company that is putting the circular economy into practice. Together with our customers, we keep materials, manufacturing sites and properties in productive use for as long as possible and we enhance the use of raw materials and energy. This is to create more value with the circular economy for our customers, personnel and society in a broader sense. Achieving this also means growth in value for our shareholders. Our objective is to continuously grow our actions' carbon handprint, our positive effect on the climate. We assume our social responsibility by looking after the work ability of our personnel as well as offering jobs to those who are struggling to find employment, for example. With operations in Finland and Sweden, L&T employs approximately 7,400 people. Net sales in 2024 amounted to EUR 770.7 million. L&T is listed on Nasdaq Helsinki.
Distribution:Nasdaq HelsinkiMajor mediawww.lt.fi/en
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 days ago
- Yahoo
Liquidity Services Appoints Paul J. Hennessy to its Board of Directors
BETHESDA, Md., June 19, 2025 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT; a leading global commerce company powering the circular economy, today announced that Paul J. Hennessy has been appointed to the company's board of directors (the 'Board') effective October 1, 2025. Mr. Hennessy will also serve on the Corporate Governance and Nominating Committee and the Audit Committee of the Board. "We are thrilled to welcome Paul to our Board of Directors," said Bill Angrick, Chairman and CEO of Liquidity Services. "Paul's deep knowledge and extensive experience building technology enabled marketplaces in both business and consumer channels on a global scale will be instrumental as we continue to expand our market presence, enhance our service offerings, and pursue emerging opportunities to drive long-term growth." Mr. Hennessy is an experienced CEO with over 30 years of leadership experience focused on growing and optimizing innovative, market leading technology and marketplace businesses. He has served as the Chief Executive Officer of Shutterstock, Inc. (NYSE: SSTK) since July 2022 and as a member of Shutterstock's board of directors since April 2015. From June 2016 to May 2022, Mr. Hennessy served as Chief Executive Officer and member of the board of directors of Vroom, Inc., a provider of AI-powered analytics, financing and digital services for automotive dealers and consumers of pre-owned vehicles. Prior to joining Vroom, from April 2015 through June 2016, Mr. Hennessy served as Chief Executive Officer of a pioneer in online travel and travel related reservation and search services. From November 2011 to March 2015, Mr. Hennessy served as Chief Marketing Officer of an online booking accommodations provider. From July 2006 to October 2011, Mr. Hennessy was Chief Distribution Officer of Mr. Hennessy holds a B.S. in marketing management from Dominican College and an M.B.A. from Long Island University. "I am honored to join the Board of Liquidity Services," said Hennessy. "I look forward to working with the leadership team to advance the company's strategic priorities and contribute to its ongoing success and innovation as the market leader powering the circular economy." About Liquidity Services Liquidity Services (NASDAQ: LQDT) operates the world's largest B2B e-commerce marketplace platform for surplus assets with over $10 billion in completed transactions to more than five million qualified buyers and 15,000 corporate and government sellers worldwide. The company supports its clients' sustainability efforts by helping them extend the life of assets, prevent unnecessary waste and carbon emissions, and reduce the number of products headed to landfills. Contact:Investor Relationsinvestorrelations@ while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 days ago
- Yahoo
Why enterprises increasingly adopt MDaaS
As businesses navigate the complexities of modern work environments, demand for mobile devices as a service (MDaaS) is growing, particularly among multinational corporations (MNCs) and larger enterprises. The subscription-based model allows organisations to manage their mobile device estates more efficiently while reducing capital expenditures. This flexibility is especially attractive to companies with diverse operational needs, as it enables them to tailor solutions to specific requirements without incurring unnecessary costs. One of the primary drivers of MDaaS adoption is sustainability. Enterprises are increasingly prioritising environmentally friendly practices in their technology choices, seeking solutions that align with their corporate social responsibility goals. The report highlights that many organisations now expect their technology providers to offer secure recycling and refurbishment options for devices. BT's Device Lifecycle Management service exemplifies this trend by promoting sustainable practices that ensure devices are reused or recycled, reflecting a growing commitment to the circular economy. John Marcus, GlobalData's lead analyst, emphasises the importance of sustainability in the MDaaS landscape. "Sustainability is no longer a luxury; it's a necessity," he states. "Organisations are transitioning from CapEx to OpEx models to access the circular economy while minimising resource consumption." This shift not only helps companies meet their environmental goals but also enhances their overall operational efficiency. The report also highlights the rising demand for modular and customisable offerings within the MDaaS market. Enterprises have learned from experience that one-size-fits-all approaches often lead to inefficiencies and employee dissatisfaction. Providers like Telefónica and Vodafone are responding to this need by offering tailored solutions that allow businesses to select specific features based on their unique operational requirements. This customisation is particularly appealing to larger enterprises, as it enables them to sidestep the pitfalls of traditional procurement methods while enhancing employee satisfaction. Looking ahead, the integration of advanced technologies such as AI and automation is expected to drive further innovation in the MDaaS landscape. Providers anticipate that AI-driven tools will enhance support, streamline logistics, and improve overall service delivery. As organisations increasingly rely on mobile devices for their operations, the need for robust security solutions also becomes paramount. While many providers offer security features as part of their MDaaS packages, there is still significant room for improvement in integrating these solutions seamlessly into the overall service offering. The report underscores that enhanced logistics and support services are critical components of MDaaS that drive ongoing customer demand. Organisations require reliable logistics to ensure device availability and continuity, particularly in multinational operations. Comprehensive management of the device lifecycle, from deployment to disposal, allows businesses to focus on their core operations without the burden of managing devices in-house. GlobalData expects that MDaaS will continue to account for a growing portion of enterprise mobile usage, with providers likely to broaden their offerings to include a wider range of devices, such as laptops and wearables. This diversification will cater to the evolving needs of enterprises as they adapt to evolving hybrid work models and increasingly complex operational environments. "Why enterprises increasingly adopt MDaaS" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Yahoo
Solar Panel Recycling Market worth $1.12 billion by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., June 19, 2025 /PRNewswire/ -- The report "Solar Panel Recycling Market by Type (Monocrystalline, Polycrystalline), Shelf Life (Early Loss, Normal Loss), Process (Mechanical, Hybrid), Material (Silicon, Metal, Plastic, Glass) - Global Forecast to 2030", solar panel recycling market size is projected to grow from USD 0.39 billion in 2024 to USD 1.12 billion by 2030, registering a CAGR of 19.5% during the forecast period. A number of factors are creating demand for the solar panel recycling market. Increased adoption of solar energy around the world is leading to an increasing number of end-of-life panels that need to be disposed of. Environmental regulations and government policies related to the environment, encourage the responsible disposal of solar panels by proper recycling, as well as promoting circular economy waste practices. Authorization of the environmental dangers related to the improper disposal of solar panels has led to the urgent need for the more environmentally friendly recycling of these panels. In addition, there is an economic incentive based on the recovery of materials such as silicon, silver, and aluminum from panels that have been disposed of as well. Browse in-depth TOC on "Solar Panel Recycling Market" 140 – Tables60 – Figures200 – Pages Download PDF Brochure: Polycrystalline is anticipated to be the largest segment of the solar panel recycling market, based on type, during the forecast period Polycrystalline panels accounted for the largest market share of the solar panel recycling market mainly because they are used extensively in initial solar installations and are relatively affordable to manufacture. The panels have been the most preferred type for large-scale solar installations for the last two decades, particularly in the emerging and price-conscious markets, because of their relatively lower production cost compared to monocrystalline types. Consequently, a large proportion of old and retired solar panels that make it to the recycling pipeline today are polycrystalline. Polycrystalline panels have recoverable materials like glass, aluminum, and silicon that are easy to recover, making mechanical recycling techniques more viable and cost-effective. Their less complex cell structure also makes dismantling easier, with shorter processing time and cost. Early loss is anticipated to be the larger segment of the solar panel recycling market, based on shelf life, during the forecast period Early loss accounted for the larger market share of the solar panel recycling market due to the failure and premature disposal of early-installed panels as a result of unexpected failure. Most of these early-generation panels experienced defects during manufacture, were poor-quality materials, or where installation methods were inferior, resulting in compromised performance and reliability. The rapid development of solar tech has also led some system owners to upgrade to new, more efficient panels earlier than their life expectancy, adding volumes of discarded panels. In contrast to panels reaching their typical end-of-life, early-loss panels are entering the recycling stream in greater-than-expected volumes, spurring an immediate demand for recycling solutions. Request Sample Pages: Hybrid is anticipated to be the larger segment of the solar panel recycling market, based on process, during the forecast period Hybrid recycling accounted for the higher share of the solar panel recycling market due to its ability to achieve maximum material recovery and meet the continuous demand for materials in the marketplace. Unlike pure mechanical recycling, hybrid recycling offers a way to extract a broader range using mechanical, thermal, and chemical processes and yields high-purity silicon, silver, and rare metals. Hybrid methods will be especially effective for modern, high-efficiency solar panels with more complex materials, such as monocrystalline solar panels, which have ultimately combined and integrated various technologies. As environmental regulations become stricter to promote a circular economy, hybrid recycling provides value in sustainability and economic prosperity with less waste sent to landfills, increased recovery of critical raw material, and advanced recovery choices. Additionally, with increasing investments into advances in recycling processes, hybrid recycling will be an efficient, scalable, and commercially viable commitment for businesses. Metal is anticipated to be the largest segment of the solar panel recycling market, based on material, during the forecast period Metals accounted for the largest share of the solar panel recycling market because they represent a larger share of valuable, reclaimable materials in photovoltaic panels. Aluminium, copper, and silver are some of the key metals that are used as materials in the frames of panels, wiring, and contacts and therefore find high demand in recycling processes. Aluminium frames, especially, are present in high volumes and are easy to differentiate, which allows inexpensive recycling with high rates of recovery. Silver and copper, although they occur in lesser amounts, contribute significant economic value based on their relatively high market values and usage in different industries. Metals retain their properties when they are recycled and hence reused in producing new materials, contributing to circular economy objectives. The fact that metals are relatively easy to extract compared to other intricate materials such as silicon or plastics significantly increases their dominance in the recycling industry. Request Customization: Europe is expected to be the largest region of the solar panel recycling market during the forecast period Europe holds the largest market share in solar panel recycling due to its robust regulatory framework, advanced recycling infrastructure, and an overall commitment to sustainability. European countries have established comprehensive policy frameworks and targets to manage photovoltaic waste properly, stimulating investments in specialized recycling units. The relatively early adoption of solar energy in Europe means that a significant number of panels have reached or are approaching the end-of-life, further pushing the demand for recycling facilities. The region's emphasis on circular economy principles presents further opportunities for recycling as it encourages the recovery and reuse of economically valuable materials from solar panels, such as silicon, glass, or metals, as needed. With significant levels of both, public awareness and government support promoting green initiatives, conditions appear to be favorable for a rapidly growing emerging market for solar panel recycling. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the solar panel recycling market. First Solar (US), Reiling GmbH & Co. KG (Germany), The Retrofit Companies, Inc. (US), Rinovasol Global Services B. V. (Netherlands), ROSI (France), We Recycle Solar (US), SILCONTEL LTD (Israel), Etavolt Pte. Ltd. (Singapore), PV Industries (Australia), and SOLARCYCLE, Inc. (US). Get access to the latest updates on Solar Panel Recycling Companies and Solar Panel Recycling Market Size Browse Adjacent Market: Equipment Machine and Tooling Market Research Reports & Consulting Related Reports: EVA Films Market - Global Forecast to 2029 Industrial Lubricants Market - Global Forecast to 2029 Milled Carbon Fiber Market - Global Forecast to 2029 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
