Raisio has revealed that its current chief executive officer, Pasi Flinkman, is leaving the group to pursue a new role with a different company.
Flinkman will continue as CEO until November 2026, or until a new chief executive has been appointed. The company confirmed that its board of directors have immediately initiated the search for a new leader.
Flinkman has served as CEO of the Finnish manufacturer and plant-based ingredient supplier since 15 June 2024. Prior to joining Raisio, he held leadership roles at other food companies including Orkla and CSM Ingredients.
“I would like to thank all Raisio employees as well as our customers for their cooperation and trust,” Flinkman said.
“Together, we have strengthened the company’s financial performance, advanced the implementation of the strategy and built a more competitive foundation for the future. I wish Raisio continued success also in the future.”
Arto Tiitinen, chairman of the board of directors at Raisio, commented: “I would like to thank Pasi Flinkman for his excellent work at Raisio. Flinkman has renewed Raisio’s operations and improved the company’s profitability in a commendable manner. Based on these achievements, Raisio has strong foundations to continue the determined execution of its strategy.”
Raisio, headquartered in Finland and with additional offices in the UK, Ireland, Poland and Ukraine, employs around 350 people. Its manufacturing sites in Finland produce products for its portfolio of brands including Elovena and Benecol. The company also processes raw materials for other industrial operators.
Last year, the company sold off its plant protein business – including the Härkis and Beanit fava bean brands – to fellow food industry player Valio for €7 million. Its ingredients division is now centred around its grain-based solution portfolio, with gluten-free oats a core focus.
Raisio’s growth strategy, implemented last year under Flinkman’s leadership with an aim of supporting growth and improving profitability, will continue through 2027. Part of the strategy includes a restructuring of its business operations, split into three areas: breakfast and snacking, heart health, and new business.
The company aims to achieve €250 million in net sales in organic growth by the end of 2027.
Source: foodbev.com
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