West Chester, OH—The Board of Directors of intelligent factory automation solutions provider Fastems Oy Ab has appointed Mr. Mikko Nyman as its new chief executive officer, effective May 1, 2019. The former CEO, Mr. Tomas Hedenborg, will continue as an advisor to the Board of Directors, as well as support Mr. Nyman in his new role until the end of 2019.
Mr. Nyman has worked at Fastems as a Business Unit Vice President since the beginning of 2017 and as Deputy CEO since the fall of 2018. Prior to those posts, he was Fastems’ CFO since 2014. Before joining Fastems, Mr. Nyman worked in financial management within international industries and IT.
“Fastems has experienced strong growth since 2016 and expanded its operations from machine automation for the metal cutting industries to intelligent factory automation software design,” said Mr. Kai Öistämö, Chairman of the Board of Fastems. “In recent years, Tomas and Mikko have worked closely to lead Fastems, and together with the staff, have set the company on a strong growth track. I am confident that Mikko is the best possible person to take Fastems to the next phase.”
Mr. Nyman said, “I am grateful for the Board’s confidence and eagerly look forward to continuing our great progress as a productivity partner for our industrial customers. Combining the best solutions and services for our clients with the most skilled professionals in the industry will be our key to success in the future as well. Above all, my job is to enable the success of all Fastems employees, so that our customers get the best service in the industry.”
Mr. Öistämö continued and said, “On behalf of the entire Board of Directors, I want to warmly thank Tomas Hedenborg for his contribution to the company; first as a member of the board since 2006 and as CEO since 2013. During his leadership, Fastems has achieved an international growth track and created a strong foundation for the future. Tomas’ support as an advisor for Mikko and the Board of Directors until the end of the year is invaluable, as we want to make the transition as smooth as possible for the whole Fastems organization.”
According to Mr. Nyman, the application of digitalization in the manufacturing industry is still in its early stages. The future of industrial manufacturing will be about small production batches and flexible automation that aims to increase efficiency. “The core of our competitive edge is in intelligent factory automation systems that enable better optimization and scheduling of manufacturing,” said Mr. Nyman. “Our uniqueness lies in being able to provide the best software, hardware and services in the industry in the same package. We want to help secure the competitiveness of industrial companies in our main markets in Europe, North America and Asia.”