Oilon has announced that Riku Kytömäki will become the company’s new CEO, effective 1 June 2025. He will succeed Tero Tulokas, who will step down at the end of May and transition into a fixed-term position as senior advisor to the company.
Tero Tulokas has held various roles at Oilon since 2008 and has served as CEO since 2017. Under his leadership, the company has seen substantial growth and international expansion, establishing itself as a global player in industrial burner and heat pump technologies. Tulokas has also played a key role in developing Oilon’s environmental technology, reinforcing its position as a leader in sustainable energy solutions.
Chairman Kjell Forsén and vice chairman Päivi Leiwo expressed their gratitude to Tulokas for his dedicated service and impactful leadership. They described him as a dynamic and capable CEO who enjoyed the full trust of the board and owners. His leadership has built a strong foundation for the company’s continued success.
Reflecting on his time at Oilon, Tulokas said: “It has been a privilege to work for over 15 years at Oilon, including several years as CEO. I have been driven by the opportunity to contribute to environmentally friendly energy technologies and have thoroughly enjoyed working alongside our team, partners, and customers. Now is the right moment for a change, and I am pleased to pass the leadership to Riku Kytömäki, whose experience will support Oilon’s next phase of growth.”
Riku Kytömäki brings extensive international leadership experience to the role, having served as CEO of Exel Composites Plc and held senior positions at ABB. Forsén and Leiwo expressed confidence in Kytömäki’s ability to further develop and renew Oilon’s operations.
Commenting on his new role, Kytömäki said: “Oilon has deep technological expertise, a proud history, and strong potential for growth and international expansion, driven by global megatrends. I am excited to join this talented team and lead the company into its next chapter.”
For more information visit www.oilon.com
