MEDIA

Kari Lehtinen appointed CEO of Oras Group

Kari Lehtinen has been appointed President and CEO of Oras Group, and the appointment will be effective as from January 1, 2019. Oras Group’s current CEO, Markus Lengauer, will continue in the role until the end of 2018. According to a mutual agreement and to ensure continuity, Lengauer will assume a new role as a Board member of Oras Group as of January 2019.

Oras Group Board of Directors has appointed Kari Lehtinen the new President & CEO of Oras Group, and the new position will be effective as from January 1, 2019. Lehtinen has previously worked as the President & CEO of the insulation solution manufacturer Paroc Group, and has an extensive international management background in the building industry.

The current President & CEO of Oras Group, Markus Lengauer, will continue in his role until the end of 2018. From January 1, 2019, according to a mutual agreement, Lengauer will assume a new role as a member of the company’s Board. Lehtinen will join the Oras Group Executive Committee as Deputy CEO on November 5, 2018, and he will immediately begin working alongside Markus Lengauer to become familiar with the company’s operations, personnel and customers.

” Kari Lehtinen has extensive international experience in the building materials industry and a fresh perspective for the company’s future. This combination convinced the Board of Oras Group of Lehtinen’s suitability to steer the company in the following years. His duty will be to continue the on-going work to improve Oras Group’s profitability and to build a strategic platform for long-term value creation. We firmly believe that Lehtinen has all the prerequisites to succeed in this position.

I want to thank Markus Lengauer for his time as the CEO of Oras Group. Markus has had a key role in streamlining Oras Group’s operative functions and in the extremely important product portfolio consolidation. He has successfully improved the internal dialogue of the Executive Committee, which has had a positive impact for the whole organization. I look forward to continuing our cooperation in the company Board”, states Jari Paasikivi, the Chairman of the Oras Group Board of Directors.

” I am really proud and excited to be a part of developing Oras Group’s journey and its value proposition for our customers and personnel. Oras Group is a strong family-owned company with over 70 years of industrial entrepreneurship tradition combining family business traditions, international customer relations as well as a strong and respected brands portfolio in addition to a highly dedicated personnel,” says Kari Lehtinen.

Additional information:

Jari Paasikivi
Chairman of the Board
Oras Group

Kari Lehtinen
President & CEO, Oras Group
effective 1 Jan 2019

Interview requests:
Anniina Myllyperkiö
Phone +358 10 2868 100
anniina.myllyperkio@orasinvest.fi

 

Oras Group is a powerful European provider of sanitary fittings: the market leader in the Nordics and a leading company in Continental Europe. The company’s mission is to make the use of water easy and sustainable and its vision is to become the European leader of advanced sanitary fittings. Oras Group has two strong brands, Oras and Hansa. The head office of the Group is located in Rauma, Finland, and the Group has four manufacturing sites: Burglengenfeld (Germany), Kralovice (Czech Republic), Olesno (Poland) and Rauma (Finland). Oras Group employs approximately 1400 people in twenty countries. Oras Group is owned by Oras Invest, a family company and an industrial owner.


Oras Group invests in digitalization buying Swiss company Amphiro

Sanitary fittings manufacturer Oras Group has long been a category frontrunner towards digitalization of the bathroom experience. This position is strengthened further by acquiring the majority share of Swiss tech start-up Amphiro.

–Every aspect of people's homes is getting smarter and more connected, and there's no exception with showers and faucets. We are confident that several digital solutions will surface in the sanitary industry in the years to come, and we intend to continue to be in the driver's seat of this evolution, says Oras Group President and CEO, Dr. Markus Lengauer.

Oras Group has recently secured the majority share of Amphiro, an established Swiss tech start-up with significant competence within energy harvesting, Internet of Things and cloud services. The immediate access to these technologies and know-how, combined with Oras Group's expertise on advanced sanitary fittings, allows for rapid development of innovative products and services that foster health, comfort and sustainability.

–Personally, I welcome every new product and service that assists people to make conscious choices and help preserve the world's resources. And I strongly believe in smart use of technology combined with a superior user experience. Amphiro has proven the ability to deliver both very intuitive and highly useful technological solutions, and their ideas and thoughts for the future are very much aligned with what we believe in Oras Group. We are very happy to include the Amphiro team in our family, says Dr. Markus Lengauer.

–For Amphiro, Oras Group is an ideal owner. We designed all components with high production volumes and easy installation in mind, and our cloud solution is highly scalable. This opens the world of data analytics, user engagement and digital services also to the world of sanitary fittings. With Oras Group’s excellent market access and know-how, we can now make our vision to build digital services around mass market faucets become a reality, says Dr. Thomas Stiefmeier, founder and CEO of Amphiro.

Oras Group has been leading the digital and technological uprising in the sanitary fittings category. The company has for many years been market leader in touchless faucet technology to both residential and public buildings. The acquisition of Amphiro is a clear signal of Oras Group ambitions and the company's visions for the industry future.

For any further questions regarding the investment in Amphiro, please contact Oras Group President and CEO, Dr. Markus Lengauer: markus.lengauer@orasgroup.com, +49 1752601192

Oras Group is a powerful European provider of sanitary fittings: the market leader in the Nordics and a leading company in Continental Europe. The company’s mission is to make the use of water easy and sustainable and its vision is to become the European leader of advanced sanitary fittings. Oras Group has two strong brands, Oras and Hansa. The head office of the Group is located in Rauma, Finland, and the Group has four manufacturing sites: Burglengenfeld (Germany), Kralovice (Czech Republic), Olesno (Poland) and Rauma (Finland). Oras Group employs approximately 1400 people in twenty countries. Oras Group is owned by Oras Invest, a family company and an industrial owner.

 

Press image (persons from left to right):

Jyri Virrantuomi – CFO of Oras Group

Janne Rautavuori – CTO of Oras Group

Markus Lengauer – President & CEO of Oras Group

Mr. Thomas Stiefmeier – founder and CEO of Amphiro

Mr. Thorsten Staake – founder and Board member of Amphiro

Mr. Kai Millarg – shareholder and Board member of Amphiro


CEO's information letter and financial statements 2017

Dr Markus Lengauer appointed President and CEO of Oras Group

The Oras Group (Oras Ltd.) Board of Directors has decided to appoint Dr Markus Lengauer the President and CEO of Oras Group. In this capacity Markus will also be appointed the sole Managing Director of HANSA Armaturen GmbH and selected other Oras Group subsidiaries. He will officially assume the positions as of 1 November 2017.

Dr Markus Lengauer, 52, is an Austrian citizen living with his family in Sankt Barbara, Austria. Since 2013, Markus has worked as an independent consultant in the HVAC industry. Before that, he looks back at a long and successful career at Rettig ICC, leading to the CEO position. Markus holds a Doctor’s degree in Engineering from the Technical University of Vienna. Since 2015, Markus has served on the Board of Directors at Uponor Corporation as member and member of the Audit Committee.

Annika Paasikivi, Vice Chairman of the Board of Directors: “I have worked together with Markus on the Uponor Board for two years. He knows the dynamics of our industry inside out and fully understands the implications on Oras Group. The fact that Markus is already a trusted member of my family’s network enables him to take up the duties and responsibilities of the CEO of Oras Group at fast-track speed.”

Jari Paasikivi, Chairman of the Board of Directors: “Markus brings with him a proven leadership track-record and experience from both the Nordic and Central European markets. His key task will be to ensure that we are fully focused on the right operative actions to achieve sustainable and profitable growth leading to long term value creation.”

Markus Lengauer: “Oras and Hansa are well known brands with strong market positions in many European markets. Combining these assets with good management and motivated personnel will make it possible to follow a profitable growth path and to strengthen the relationships with our customers. I am excited about my new role and look forward to a very fruitful future with the Oras Group team.”

Markus Lengauer, Annika Paasikivi and Pekka Kuusniemi

CEO's information letter and financial statements 2016