Ramirent President and CEO to step down

Ramirent’s President and CEO Tapio Kolunsarka is to step down from his position at the company, remining in place until his successor has been appointed.

Kolunsarka was appointed CEO of Ramirent in 2016, during which time “the company has become the undisputed market leader in the Nordics and Eastern Europe”, according to Ulf Lundahl, Chairman of the Ramirent’s board.

“Ramirent’s financial performance has substantially improved with comparable earnings per share rising from 0.33 in 2015 to 0.74 in 2018. Behind this impressive performance lies a number of strategic actions initiated by Tapio. On behalf of the Board I thank Tapio for his considerable achievements as the CEO of Ramirent and wish him all the best in his future career,” said Lundahl.

This change comes as Ramirent has announced mixed but overall stable results in the second quarter of 2019, with the company’s Finish, Norwegian and Eastern European markets remaining strong but Sweden showing some weakness.

Kolunsarka said, “I am very proud of the work and the results that we have accomplished over the past three years that I have been at the helm. I want to warmly thank all the Ramirenters for their tireless commitment in improving Ramirent’s performance. In the coming months Ramirent’s journey as a stock listed company is coming to an end and a new era as part of the Loxam Group is about to start. This is a logical time for me to hand over the leadership to my successor and move on to the next chapter of my professional life.”