Granlund brings in international expertise to strengthen its Board of Directors
4.12.2024 – The goal of the new multidisciplinary Board of Directors is to guide the company towards stronger growth and internationalisation.
The new composition of Granlund’s Board of Directors was confirmed at the Annual General Meeting in December. Joachim Hallengren, CEO, Svevia AB, will take over as the new chairperson of the Board of Directors, while Juuso Pajunen, CFO, Terveystalo, will join the Board of Directors as a new member.
Earlier in the autumn, Robin Molvin, Managing Director and Head of Nordic Operations, and Manager Viktor Frisenstedt from global alternative asset manager ICG joined the Board of Directors as new members, as well as Maila Herva, Granlund’s Quality and Sustainability Director. She brings strong expertise in sustainability and quality to the Board.
From Granlund, continuing on the Board of Directors are Pekka Metsi, CEO, Tommi Miettinen, Regional Director, Tapani Idman, Business Director of Building and Property Development Services, and Jack Westrén-Doll, Senior Advisor, who was the previous chair. Stepping down from the Board of Directors in the autumn were Keith Silverang, Anders Stenbäck and Sirpa Sinkkonen, CFO, Granlund.
“The new members bring a wide range of fresh insights to our Board of Directors. It is wonderful to have Joachim Hallengren as the chairperson of our Board of Directors. He boasts extensive experience in the real estate and construction industry in Sweden as well as extensive industry networks. Juuso Pajunen, on the other hand, has a strong track record of international consulting and financial management,” says Pekka Metsi, CEO, Granlund.
Board members bring fresh insights
Currently, Joachim Hallengren is the CEO of Svevia AB, a Swedish company focusing on infrastructure construction. Joachim also serves on the boards of Forenom Group Oy and Aspelin Ramm Fastigheter AB, amongst others. Hallengren has made a long career at NCC and served on the Board of Directors of Caverion, for example.
For Hallengren, one of Granlund’s strengths is its skilled and committed management. “As the chair of the Board of Directors, my goal is to put my expertise and extensive experience in the real estate and construction sector to good use to support Granlund and all of its employees on the company’s journey of growth,” he says.
New member of the Board, Juuso Pajunen has extensive experience in financial management. Prior to joining Terveystalo, he held similar long-term positions at Pöyry and Afry in Sweden. In addition to his main duties, he sits on the Board of Directors of the circular economy company 3Steplt Oy.
“Granlund’s core strengths are unparalleled competence and a strong corporate culture. I believe that this will provide Granlund with an excellent opportunity for strong growth both in Finland and abroad,” says Pajunen.
Maila Herva has held a broad range of roles at Granlund since 2016, focusing on quality and sustainability. She brings to the board extensive expertise in quality and environmental management, responsible business practices, risk management, and M&A integration.
Robin Molvin and Viktor Fisenstedt represent Granlund’s minority owner ICG in the Board. Molvin is the Managing Director and Head of Nordics for Mid-Market Investments at ICG, and has over 25 years of experience in Nordic private equity. Frisenstedt has been a Manager at ICG since 2021, and focuses on mid-market activities in the Nordic region. He has over 10 years of experience in the financial industry.
Towards internationalisation and business growth
The goal of the new Board of Directors is to guide Granlund towards stronger growth and internationalisation. The first major step towards internationalisation was taken in June 2024 when the global alternative asset manager ICG became a minority owner of Granlund. In Finland, on the other hand, structural and architectural design have been strengthened through acquisitions and recruitment, while investments have also been made in growing construction management.
“In terms of growth, the current outlook looks very positive. The aim is to expand our business base in Finland and look for similar growth opportunities internationally in addition to our core business, MEP design. Our focus is specifically on the Nordic countries and Europe,” says Metsi.
For Granlund, the past year was relatively good considering the challenging market situation in the real estate and construction sector. Next year, Metsi believes, the outlook for the sector will look brighter. “It seems like the rock bottom for the real estate and construction market has now been reached. There is reason to feel hopeful about the future as new answers are required both in terms of digitalisation, urbanisation and the green transition.”
Further information
Pekka Metsi
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