Fiskars Corporation
Inside information
May 8, 2025 at 9.15 p.m. EEST
Inside information: The President & CEO of Fiskars Group Nathalie Ahlström to step down from her position. Jyri Luomakoski has been appointed interim President & CEO
Fiskars Group's President & CEO Nathalie Ahlström and Fiskars Group's Board of Directors have mutually agreed that Nathalie Ahlström steps down from the role of President & CEO.
"Nathalie took over as President & CEO during the pandemic and has driven significant strategic transformation, laying the foundation for future growth and creating a performance driven culture in the Company. She also executed the successful acquisition and integration of Georg Jensen and started the separation process of its two Business Areas Fiskars and Vita into operationally independent subsidiaries. On behalf of the Board, I want to extend our thanks to Nathalie for her focused leadership, passion and engagement", says Paul Ehrnrooth, Chair of the Board of Directors.
"Now is the right time for me to step down as we have completed the organizations regarding the Business Area separation and we have two strong CEOs in place in both Fiskars and Vita. I have had a fantastic journey with our talented and energizing team, and would like to thank you for the past five years. It has been a great privilege", comments Nathalie Ahlström.
Nathalie Ahlström joined Fiskars Group's Board of Directors in early 2020 and was appointed the President & CEO in July 2020.
The Board will initiate the search for a new President & CEO and has appointed Jyri Luomakoski as interim President & CEO of Fiskars Group.
Jyri Luomakoski has been a member of the Board and Chair of the Audit Committee since 2016 and Vice Chair of the Board since 2018. As interim President & CEO, he will step down from the position of Vice Chair of the Board and Chair of the Audit Committee, but remain as a member of the Board. The Board has elected Rolf Ladau as the new Vice Chair of the Board and Susan Repo as the new Chair of the Audit Committee.
FISKARS CORPORATION
Board of Directors
Further information:
Paul Ehrnrooth, Chair of the Board of Directors
Sanna Hellstedt, Director, Investor Relations (interim) and External Communications, tel. +358 40 553 3151
Fiskars Group in brief
Fiskars Group (FSKRS, Nasdaq Helsinki) is the global home of design-driven brands for indoor and outdoor living. Since 1649, we have designed products of timeless, purposeful, and functional beauty, while driving innovation and sustainable growth. In 2024, Fiskars Group's global net sales were EUR 1.2 billion and we had close to 7,000 employees. We have two Business Areas (BA), Vita and Fiskars.
BA Vita offers premium and luxury products for the tableware, drinkware, jewelry and interior categories. Its well-known brands include Georg Jensen, Royal Copenhagen, Wedgwood, Moomin Arabia, Iittala and Waterford. In 2024, BA Vita's reported net sales were EUR 605 million. Already 50% of BA Vita's net sales comes from direct-to-consumer sales, comprising approximately 500 stores and approximately 60 e-commerce sites.
BA Fiskars consists of the gardening and outdoor categories, in addition to the scissors and creating, as well as cooking categories. The brands include Fiskars and Gerber. In 2024, BA Fiskars' net sales were EUR 547 million.
Read more: fiskarsgroup.com
