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Valmet appoints Pia Aaltonen-Forsell as Chief Financial Officer to strengthen global leadership team. Valmet has announced the appointment of Pia Aaltonen-Forsell as its new Chief Financial Officer (CFO) and a member of the company's Executive Leadership Team. The appointment marks an important leadership transition as the global technology company continues to focus on long-term growth, financial performance and strategic development across the process industries. Aaltonen-Forsell will report directly to President and Chief Executive Officer Thomas Hinnerskov. She is expected to assume the position no later than the end of January 2027. The appointment forms part of Valmet's ongoing efforts to strengthen its executive leadership with experienced professionals who possess extensive international business expertise. The incoming CFO joins Valmet from Finnair, where she currently serves as Chief Financial Officer. Her professional background includes senior financial leadership roles in several globally recognised industrial organisations. This experience spans multiple sectors and reflects a strong track record in managing finance functions within complex international businesses. Before joining Finnair, Aaltonen-Forsell held the position of Chief Financial Officer at Northvolt. She also served as CFO at Outokumpu, Ahlström-Munksjö, Munksjö and Vacon. Earlier in her career, she worked in several management and finance positions at Stora Enso, gaining broad experience in corporate finance, strategic planning and international business operations. Her industry involvement extends beyond executive management. Aaltonen-Forsell currently serves as a member of the Board of Directors at UPM-Kymmene Corporation. She also chairs the company's Audit Committee, adding significant governance and financial oversight experience to her professional portfolio. The new Chief Financial Officer will be based in Espoo, Finland. This location will support close collaboration with Valmet's executive management while maintaining the company's strong presence in its home market. Thomas Hinnerskov welcomed the appointment and highlighted the value of Aaltonen-Forsell's extensive financial expertise. He noted that her experience in leading finance organisations across complex global businesses will contribute to the company's future development. According to Hinnerskov, her leadership will play an important role as Valmet continues to implement its strategic priorities. He stated that her expertise is expected to support financial performance, improve cost competitiveness and contribute to sustainable long-term value creation for stakeholders. The leadership transition follows an earlier announcement regarding the departure of Valmet's current Chief Financial Officer, Katri Hokkanen. It was confirmed on 20 March 2026 that Hokkanen would leave her position by the end of September 2026. The succession process has therefore been planned well in advance to ensure continuity within the finance organisation. The appointment reflects a wider trend across the industrial technology sector, where companies continue to strengthen executive teams with experienced leaders capable of supporting business transformation, financial resilience and operational efficiency. Valmet operates as a global technology leader serving a broad range of process industries. The company works closely with customers throughout the entire lifecycle of industrial operations, delivering advanced technologies, specialised services, mission-critical automation solutions and flow control systems that support reliable production and operational performance. Its business strategy focuses on combining industrial expertise with technological innovation to help customers improve productivity, optimise resource efficiency and enhance long-term sustainability. These priorities continue to shape investment decisions across the industries served by the company. Valmet's extensive industrial heritage also distinguishes its position within international markets. The company builds on more than 225 years of industrial experience, providing customers with technical knowledge developed across generations of engineering and manufacturing excellence. The organisation is supported by approximately 18,500 professionals operating close to customers around the world. This global workforce enables local expertise to be combined with international capabilities, supporting projects across diverse industrial sectors and geographic regions. Automation and digital technologies continue to play an increasingly important role within Valmet's offering. Mission-critical automation systems are delivered alongside advanced flow control solutions to help customers achieve higher operational efficiency and greater process reliability. Comprehensive lifecycle services are also provided to maximise equipment performance over time. As industrial businesses continue to navigate changing market conditions, experienced financial leadership is becoming increasingly important. Strategic investment decisions, disciplined financial management and effective capital allocation are expected to remain central priorities across global manufacturing and process industries. Against this backdrop, Aaltonen-Forsell's appointment represents an important addition to Valmet's Executive Leadership Team. Her extensive experience across aviation, energy storage, metals, forestry products and industrial manufacturing provides a broad perspective that aligns with the company's international operations and future ambitions. With the leadership transition now confirmed, Valmet continues to reinforce its executive capabilities while maintaining its long-term focus on serving process industries through advanced technologies, automation expertise, flow control solutions and customer-focused lifecycle services. The appointment is expected to support the company's strategic direction as it continues to pursue sustainable growth and create lasting value for customers, employees and stakeholders worldwide. Read more news on Valmet Get more updates on American woodworking industry through: www.woodandpanel.Wood & Panel

Valmet has appointed Pia Aaltonen-Forsell as chief financial officer and member of its executive leadership team. She will start in the position by the end of January 2027 at the latest, reporting to president and CEO Thomas Hinnerskov. Aaltonen-Forsell joins from Finnair, where she served as CFO. She has previously held CFO positions at Northvolt, Outokumpu, Ahlström-Munksjö, and Vacon, and worked in various management and finance roles at Stora Enso. She currently sits on UPM-Kymmene Corporation's board of directors and chairs its audit committee. She will succeed Katri Hokkanen, who is leaving the CFO role at the end of September 2026. Valmet is a global technology company serving process industries, with approximately €5.2 billion in net sales in 2025 and 18,500 employees across 40 countries.

Change in Valmet's Executive Leadership Team: Pia Aaltonen-Forsell appointed Chief Financial Officer. Valmet Oyj's stock exchange release on July 24, 2026, at 09.03 a.m. EEST Change in Valmet's Executive Leadership Team: Pia Aaltonen-Forsell appointed Chief Financial Officer Valmet has appointed Pia Aaltonen-Forsell (M. Soc.Sc. (Econ.), MBA) Chief Financial Officer and member of the Valmet Executive Leadership Team. In this position Aaltonen-Forsell will report to the President and CEO Thomas Hinnerskov and she will start in the position at the latest at the end of January 2027. Pia Aaltonen-Forsell joins Valmet from the role of Chief Financial Officer at Finnair. Previously, she has served as CFO in Northvolt, CFO in Outokumpu, CFO in Alhström-Munksjö and Munksjö, CFO in Vacon, and in various management and finance positions at Stora Enso. Aaltonen-Forsell is a member of the Board of Directors and Chair of the Audit Committee of UPM-Kymmene Corporation. Pia Aaltonen-Forsell will be based in Espoo, Finland. "I'm very pleased to welcome Pia to Valmet. She brings demonstrated, broad financial expertise and experience from leading complex global organizations. As Valmet continue to develop Valmet and execute its strategy, her leadership will be important in driving its financial performance, cost competitiveness, and long-term value creation for its stakeholders," says Thomas Hinnerskov, President and CEO, Valmet. Aaltonen-Forsell succeeds Valmet's CFO Katri Hokkanen, who as announced on March 20, 2026, is leaving her role as the CFO by the end of September 2026. Further information: Anu Pires, EVP, People, Communications and Culture, tel. +358 10 672 0000 (switchboard) Katri Hokkanen Pekka Rouhiainen VP, Investor Relations DISTRIBUTION: Nasdaq Helsinki Major media www.valmet.com Valmet is a global technology leader in serving process industries. Valmet work with its customers throughout the lifecycle, delivering cutting-edge technologies and services, as well as mission-critical automation and flow control solutions. Backed by more than 225 years of industrial experience and a global team of 18,500 professionals close to customers, Valmet is uniquely positioned to transform industries toward a regenerative tomorrow. In 2025, Valmet's net sales totaled approximately EUR 5.2 billion. Its head office is in Espoo, Finland, and Valmet has experts in approximately 40 countries around the world. Valmet's shares are listed on Nasdaq Helsinki.