FLSmidth announces changes to the Executive Leadership Team; CEO Mikko Keto stepping down and leaving FLSmidth

COMPANY ANNOUNCEMENT NO. 44-2025 FLSmidth & Co. A/S16 November 2025Copenhagen, Denmark  FLSmidth & Co. A/S (FLSmidth) today announces that Chief Executive Officer, Mikko Keto, has informed the Board of Directors of his decision to step down from his position to assume an executive role with a non-competing company. Mikko Keto will continue in his current capacity in the coming months to ensure business continuity, while the Board of Directors advances a structured CEO...

Valby, 16/11/2025 (informazione.news - comunicati stampa - servizi)

COMPANY ANNOUNCEMENT NO. 44-2025 
FLSmidth & Co. A/S
16 November 2025

Copenhagen, Denmark

The Board of Directors of FLSmidth has a well-prepared succession plan in place, and the search for Mikko Keto’s successor starts immediately. The Board of Directors will announce the appointment of a successor once the process has been concluded.

Mikko Keto joined FLSmidth in 2021 as President for the former Mining business and was appointed Chief Executive Officer in January of 2022. During his tenure as CEO, Mikko Keto has overseen a multi-year transformation of FLSmidth that has reshaped the company’s strategic, operational and financial profile. Mikko Keto has been instrumental in driving a comprehensive portfolio rationalisation, consolidating the organisation into a more streamlined operating model and implementing effective cost-discipline initiatives. These efforts have greatly improved FLSmidth’s commercial and financial performance, providing a resilient platform and positioning FLSmidth well for the next leg of its strategic journey.

Chair of the Board of Directors, Mads Nipper, comments: “

Departing CEO, Mikko Keto, says: ”

As a result of today’s announcement, the previously communicated Capital Markets Days on 11 March 2026 is postponed until later in 2026 to ensure the involvement of the succeeding CEO. A new date will be communicated in due time.

This announcement does not change FLSmidth’s previously announced financial guidance for the full year 2025 (ref. Company Announcement no. 41-2025).

Andreas Holkjær, +45 24 85 03 84, andh@flsmidth.com
Jannick Denholt, +45 21 69 66 57, jli@flsmidth.com

Jannick Denholt, +45 21 69 66 57, jli@flsmidth.com

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