Landtman Out, Heikinheimo in at STX Finland

STX Finland Oy appointed Juha Heikinheimo as new President of STX Finland Oy. Heikinheimo will replace Martin Landtman. It has been agreed that Mr Landtman steps down from his position with immediate effect. While STX Finland in the last years has built and delivered some of the world’s most magnificent vessels, STX Finland has also experienced low order intake of new vessels, resulting in gradually lower activity level during 2009 and 2010.

The Board of Directors of STX Finland therefore believes that it is necessary to make a change in the management.

Heikinheimo (53), who will start in his new job immediately, has extensive experience from the shipyard industry and has previously worked for STX Europe’s Cruise & Ferry Business Area in France and Finland for more than four years, and he has also held senior management positions in Metso and Santasalo Group/Componenta. He holds a M.Sc. (Eng.) degree in Naval Architecture and Industrial Economics, as well as a M.Sc. (Econ.) degree in Financial Accounting.

Mr In-Sung Lee, Chairman of STX Finland, said: “We are committed to STX Finland and strongly believe in its future. We want STX Finland to maintain and strengthen its position as one of the world’s leading shipyards for the development and construction of large cruise ships and ferries. We believe that Juha Heikinheimo, together with his strong Finnish team at all levels in the organization, will be able to bring STX Finland forward to the “next level” of global competitiveness – and a successful future to the benefit of its clients, staff, shareholders, local communities and other stakeholders.”