Denmark: FLSmidth has appointed Mikko Keto as its incoming chief executive officer (CEO), with effect from the start of 2022. It follows the resignation of Thomas Schulz. He will leave the company for an external role at the end of 2021.
Keto joined FLSmidth in January 2021 as the president of the mining division. He previously worked for Metso as the president for its mineral services and pumps business area. His prior roles for Metso include Senior Vice President of Spare Parts, Senior Vice President of Performance Services, President of Automation Services and Vice President of Flow Control Services. He also served as a member of the company’s executive team. Earlier in his career, Keto was Head of Sales for the maintenance business unit at KONE Corporation and held senior management and sales positions at Nokia Networks. He holds a master’s degree in economics from the Helsinki School of Economics.
Outgoing CEO Schulz joined FLSmidth in 2013. The company credited him with transforming its model from a predominately capital project organisation to one with more of a focus on service and aftermarket. His tenure has also seen the engineering company pivot towards digital products and those supporting sustainability trends in the cement and mining industries.