The Vexve Armatury Group, a European supplier of valves for the energy sector and critical operating conditions, has recently appointed a new Chief Executive Officer (CEO). Paul Gustavsson took over the management of the company on 23 January 2024. Jussi Vanhanen, who has led the company for the past seven years, is leaving at his own request. However, he will remain associated with Vexve as an investor.
Paul Gustavsson has already gained management experience in several industrial companies. Among other things, he was CEO of the Britax Group and Nordkalk Oy Ab. Together with his almost 20 years of experience in the automotive industry, Gustavsson brings a solid foundation for the future strategic direction of the company.
“Vexve is pleased to welcome Paul Gustavsson as the new CEO. His extensive experience in leading mid-sized industrial companies fits perfectly with our growth ambitions for the future”, says Kari Lehtinen, CEO of Vexve. “Under Paul's leadership, we are confident that our company will continue to succeed and develop. At the same time, on behalf of the Board, I would like to thank Jussi Vanhanen for his hard work and leadership during his tenure, during which Vexve has made transformational steps forward as a leading provider of valve solutions in its chosen niche markets.”
Paul Gustavsson comments: “Joining Vexve is an honour and I look forward to building on the solid foundations laid by Jussi Vanhanen and the leadership team. I look forward to working with the talented team at Vexve to achieve our goals of becoming one of the world's leading valve manufacturers for energy infrastructure.”
Jussi Vanhanen, the outgoing CEO, remains an investor in the company. “It has been really gratifying to see Vexve develop into an industry pioneer and the team grow in both competence and confidence while delivering good results in the ever-changing economic situations. Although the decision to pursue other interests after seven years with the company was a difficult one, I am confident that the team will be able to continue to innovate and perform at its best.”
