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Cargotec's governance and management are based on the Finnish Limited Liability Companies Act and Securities Markets Act, as well as the Company’s Articles of Association and Code of Conduct. The Cargotec class B share is listed at Nasdaq Helsinki and the Company complies with the rules and guidelines of Helsinki Stock Exchange and the Finnish Financial Supervision Authority as well as with all the recommendations of the Finnish Corporate Governance Code 2020, published by the Securities Markets Association (www.cgfinland.fi/en).
The Board appoints Cargotec’s President and CEO and determines the related terms of employment. The President and CEO is responsible for ensuring that the targets, plans, guidelines and goals set by the Board are carried out within Cargotec. According to the Finnish Limited Liability Companies Act, the President and CEO ensures that the accounting practices of the company comply with the law and that financial matters are handled in a reliable manner. The employment terms of the President and CEO are defined in a written employment contract.
Cargotec's President and CEO is Casimir Lindholm, (b. 1971), M.Sc. (Econ.), MBA.
Supporting the President and CEO in his duties, the Leadership Team (the Executive Board until 25 April 2019) is responsible for business development and the Company’s operational activities in accordance with targets set by the Board of Directors and the President and CEO. The Leadership Team also defines operative principles and procedures in accordance with guidelines set by the Board. The Leadership Team convenes regularly and concentrates on the strategic issues of the group and the business areas. On the agenda there are regular reports and questions concerning the development of the financials, governance, human resources, sustainability and development projects. The President and CEO acts as Chair of the Leadership Team.
The members of the Leadership Team are
Casimir Lindholm, President and CEO
Mikko Puolakka, Executive Vice President, CFO
Scott Phillips, President, Hiab
Leif Byström, President, MacGregor
Outi Aaltonen, Senior Vice President, General Counsel
Mikael Laine, Senior Vice President, Strategy
Soili Mäkinen, Senior Vice President, Sustainable Business Development
Mikko Pelkonen, Senior Vice President, Human Resources
| Name | Position | Cargotec shares 2 April 2024 |
| Casimir Lindholm | President and CEO | 2,088 B shares |
| Mikko Puolakka | Executive Vice President, CFO | 53,322 B shares |
| Scott Phillips | President, Hiab | 60,592 B shares |
| Leif Byström | President, MacGregor | 2,664 B shares |
| Outi Aaltonen | Senior Vice President, General Counsel | 16,435 B shares |
| Mikael Laine | Senior Vice President, Strategy | 33,848 B shares |
| Soili Mäkinen | Senior Vice President, Sustainable Business Development | 25,138 B shares |
| Mikko Pelkonen | Senior Vice President, Human Resources | 70,949 B shares |
The information is updated quarterly.
President & CEO
Born 1971, M.Sc. (Econ.), MBA
Employed by Cargotec 2023–
Chair of the Leadership Team
Prior work experience:
President and CEO, Eltel Group 2018–2022
President and CEO, Lemminkäinen Group 2014–2018
Deputy to CEO, Lemminkäinen Group 2014
Executive Vice President, Building Construction Finland, Lemminkäinen Group 2012–2014
Various managerial positions, Eltel Group and Eltel Networks Infranet AB 2008–2012
Vice Chair of the Board:
YIT Corporation, Board member 2022–, Vice Chair 2024–, Chair of Investment and Project Committee 2023–
Member of the Board:
Cargotec Corporation, 2021–2023
Uponor Group, 2018–2022
Hartwall Capital Oy, 2018–2021
Varma Mutual Pension Insurance Company, 2017–2018
Executive Vice President, CFO
b. 1969, Finnish, M.Sc. (Econ)
Employed by Cargotec 2016–
Member of the Leadership Team 2019–
Member of the Executive Board 2016–2019
Prior work experience:
CFO, Outotec Oyj 2010–2016
CFO, Elcoteq SE 2007–2010
Director Finance Europe, Elcoteq SE 2004–2007
Manager Finance, Elcoteq AG 2001–2003
Operations Controller, Huhtamaki Oyj 1999–2001
Manager Finance, Leaf Poland Sp. Z.o.o. 1997–1999
Various treasury positions in Huhtamaki in Switzerland and Finland 1995–1997
Key positions of trust:
Member of the Board:
Normet Corporation 2022–
Okmetic Oyj 2012–2016
President, Hiab
b. 1966, US Citizen, MBA, B.Sc (Ind.Tech.)
Employed by Cargotec 2018–
Member of the Leadership Team 2019–
Member of the Executive Board 2018–2019
Prior work experience:
Vice President and CEO Mining, General Electric 2016–2018
President Global Equipment, Sandvik Mining 2013–2016
President Loading & Hauling, Sandvik Mining 2012–2013
Executive Director of the Board of Directors, Freeman Financial Corporation Ltd. 2008–2012
Chairman of the Board, Signal Capital Group Ltd. 2007–2009
Managing Director and further positions, Caterpillar Inc. 1991–2006
President, MacGregor
b. 1962, Swedish, Bachelor degrees in Business Administration and in Innovation Engineering
Employed by Cargotec 2005–
Member of the Leadership Team 2021–
Prior work experience:
Interim Head of Offshore Division, MacGregor, 2020-2021
Chief Operating Officer, COO, Macgregor 2018-2020
CEO, TTS Group, 2019
Head of TTS integration, MacGregor 2018-2021
Senior Vice President, Cargo Handling Division, MacGregor 2015-2018
Senior Vice President, Merchant Ship Segment, MacGregor 2012-2014
Vice President, Business Development, MacGregor 2011-2012
Vice President, Global Major Projects, MacGregor 2011
Vice President Fin., IT, QA and B-z. - Deputy Offshore segment, MacGregor 2010-2011
Vice President Operations (COO) & Managing Director, MacGregor 2007-2010
President, Asia Operations, MacGregor 2006-2007
General Manager, Crane Division, MacGregor 2003-2006
Senior Vice President, General Counsel
b. 1965, Finnish, LL.M
Employed by Cargotec 2005–
Member of the Leadership Team 2019–
Member of the Extended Executive Board 2013–2019
Prior work experience:
SVP, General Counsel, Cargotec 2005–
VP, Senior Legal Counsel, KONE Oyj 2003-2004
Legal Counsel, Partek Oyj Abp 1989-2002
Senior Vice President, Strategy
b. 1964, Finnish, M.Sc. (Econ.)
Employed by Cargotec 2014–
Member of the Leadership Team 2019–
Member of the Executive Board 2014–2019
Prior work experience:
President & CEO, Moventas Group 2012–2013
SVP, Business Development and Corporate Functions, Moventas Group 2008–2012
CEO, YAP Solutions Oy 2005–2008
CFO, Senior Vice President, deputy CEO, TeliaSonera Corporation /TeliaSonera Finland 2003–2005
Employed by Sonera Oyj holding different positions 1996–2002
CFO, Oy Mikrolog Ltd 1995–1996
Key positions of trust:
Member of the Board, Aspo Plc 2016–
Senior Vice President, Sustainable Business Development
b. 1960, M.Sc. (Econ.)
Employed by Cargotec 2006–
Member of the Leadership Team 2019–
Member of the Executive Board 2018–2019
Prior work experience:
CIO, Senior Vice President, Digitalisation, Cargotec 2018–2022
CIO, Cargotec, 2006–2018
CIO, MacGregor, 1993–2006
Senior Vice President, Human Resources
b. 1970, Finnish, B.A.
Employed by Cargotec 2013–
Member of the Leadership Team 2019–
Member of the Executive Board 2013–2019
Prior work experience:
Vice President of Human Resources, Nokia Siemens Networks, Mobile Broadband 2012–2013, Network Systems 2009–2012, Greater China 2006–2009
Head of Human Resources, Nokia Networks, North America 2004–2006
Employed by Nokia, holding different HR positions 1997–2004
Member of the Board:
Svenska Handelsbanken AB (publ), Branch Operation in Finland 2020–2024
Yliopiston Apteekki 2024–
