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Uponor’s Board of Directors has appointed Michael Rauterkus as president and CEO of Uponor Group and chairman of the executive committee. He will join the company and assume the CEO responsibility Aug. 21, 2021.
Michael Rauterkus has long experience, wide knowledge and good networks from the industry, as his most recent operative role was the CEO of Grohe AG, a German sanitary technology manufacturer. During his tenure as CEO in 2015-2019, he developed Grohe into a global leader of bathroom and kitchen solutions. Prior to this, he has worked in various roles at Grohe since 2006. Earlier in his career he has been working for companies like in Hasbro Inc., Levi Strauss & Co., Kraft Jacobs Suchard (now Mondelez).
“I am very pleased that Michael Rauterkus has accepted the assignment to lead Uponor into the next phase and I look forward to working with him. Michael is a seasoned visionary leader with strong strategic competence. He understands the dynamics of our industry inside out,” said Annika Paasikivi, chair of the board of directors, Uponor Corp.
“I am very excited to join Uponor, a leading iconic brand in the industry with a global presence. I love this industry, as water delivery and energy efficiency are essential for everyday life of people. I look forward to learning the Uponor business, meeting the Uponor teams in the markets, visiting the production sites and discussing with our customers and shareholders of Uponor’s future plans. It is a great opportunity to lead over-100-year-old Uponor to its next development phase,” Rauterkus added.
Uponor announced on Feb. 12 that Jyri Luomakoski will leave his position as president and CEO Aug. 20, 2021.