LICO Oy’s CEO, Arto Pitkämö, will step down from his position and join the company’s Board of Directors. He will remain a shareholder and continue to play an active role in LICO Oy’s strategic development.
The company’s current Chief Operating Officer, Suvi Blomback, has been appointed Acting CEO of LICO Oy effective 1 October 2026. Blomback has worked at LICO Oy in various roles for more than 15 years.
The CEO transition will be implemented in a controlled and gradual manner during the remainder of 2026. During the transition, Arto Pitkämö will support Suvi Blomback in assuming the CEO role and ensure a smooth transfer of knowledge relating to key customer relationships, projects and company management. The phased transition will ensure business continuity and thorough onboarding for the new CEO while maintaining the company’s high level of service and continued operational development.
The change is part of LICO Oy’s planned renewal and preparation for its next stage of development.
– The Board thanks Arto for his strong contribution and central role in developing the company’s operations, finances and customer relationships over the past years. The CEO transition will be carried out in a planned and controlled manner. Arto’s continued involvement as a shareholder and member of the Board will ensure that his experience and expertise remain available to the company and support continuity. The Board’s strong support, together with Arto’s involvement during the transition, will provide Suvi with excellent conditions to assume the role and take full responsibility for the company’s operational management, the Board of LICO Oy states.
– LICO Oy has highly skilled and committed personnel, strong customer relationships and significant potential for further development. I know the company and the industry well through more than 15 years in various roles at LICO. I accept the opportunities of my new role with humility and enthusiasm. Together with our personnel, I want to maintain the company’s high level of service and continue the systematic development of our operations, says Suvi Blomback.
Further information
Jari Saari
Chair of the Board
LICO Oy
Phone: +358 405 865 123
Email: jari.saari@lohimet.fi
Arto Pitkämö
Chief Executive Officer
LICO Oy
Phone: +358 400 917 282
Email: arto.pitkamo@lico.fi
LICO Oy
LICO Oy is a Finnish manufacturer specialising in demanding composite components for the marine, rail, vehicle and special-purpose vehicle industries. The company’s competitiveness is based on strong materials expertise, quality, customer orientation and the ability to deliver demanding solutions.