SIG Group, a provider of sustainable packaging solutions, has announced the appointment of Mikko Keto as its new chief executive officer, effective in the first half of 2026.
This move comes after an extensive global search aimed at identifying a leader capable of driving the company’s next phase of growth and innovation.
Keto joins SIG from FLSmidth, an engineering company specialising in the mining sector, where he served as Group CEO.
During his tenure, he successfully implemented a comprehensive business transformation strategy that included financial and operational resets, portfolio optimisation through significant divestments and mergers, and a global efficiency programme that doubled the company’s value.
His previous experience at Metso Corporation further solidifies his credentials, where he held various leadership roles over a nine-year period.
Ola Rollén, chair of the board of SIG, expressed confidence in Keto’s ability to lead the company: “Mikko brings an impressive track record of driving business and cultural transformations in engineering-led systems businesses. We believe that under his direction, we will build a simpler, leaner and more agile company that delivers enhanced value to all stakeholders.”
Keto’s appointment comes at a pivotal time for SIG, which has established itself as a key player in the F&B packaging market. The company is recognised for its commitment to sustainability and innovation, providing a diverse portfolio that includes aseptic cartons, bag-in-box solutions, and spouted pouches.
In his statement, Keto highlighted the strengths of SIG’s business model: “The group has a high-quality business model, with engineering, innovation, and sustainability at its core. I very much look forward to leading the Company into its next chapter and building on its strong foundation.”
His leadership is expected to further enhance SIG’s capabilities in delivering end-to-end solutions for differentiated products and smarter factories.
Anne Erkens, who has served as interim CEO during the transition, will continue in her role as CFO, ensuring continuity in leadership as the company embarks on this new chapter. The board has expressed gratitude for her contributions during this period of change.
With a strong focus on sustainability, SIG produced 57 billion packs and achieved €3.3 billion in revenue in 2024. The company has also earned accolades for its environmental, social, and governance (ESG) practices, including an AAA ESG rating from MSCI and a Platinum CSR rating from EcoVadis.
by Siân Yates
Source: foodbev.com
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