Kari Kauniskangas, president and CEO of Fiskars Corporation, announced that he will resign from his position. The board of directors has appointed Teemu Kangas-Kärki interim president and CEO and president, SBU Functional. Kangas-Kärki is the deputy to the CEO and Fiskars’ COO.
The board of directors will start the recruitment process to select a new president and CEO for the company.
“I have been the president and CEO of Fiskars for nearly 10 years and have had the privilege to lead Fiskars’ transformation from a holding company to a leading consumer goods company with several globally recognized brands. Our financial performance was strong last year and we took major steps forward on our strategic journey,” said Kauniskangas.
“Kari Kauniskangas has successfully taken Fiskars forward as the company has grown both organically and through acquisitions, and built global businesses and brands. We will continue to develop Fiskars into a world-class consumer goods company with a family of iconic lifestyle brands, aiming to achieve our long-term financial targets,” said Paul Ehrnrooth, chairman of the board, Fiskars.
“Fiskars is well positioned in the marketplace today. I feel privileged to have been asked to lead the company during this transition period. Together with the entire Fiskars team, we will continue to execute our strategy in the new structure,” said Kangas-Kärki.