Seasoned visionary leader with strong strategic competence will direct Uponor into its next phase
APPLE VALLEY, MINN., MAY 05, 2021 — 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 on 21 August 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,” says Annika Paasikivi, Chair of the Board of Directors, Uponor Corporation.
“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,” says Rauterkus.
Uponor announced on 12 February 2021 that Jyri Luomakoski will leave his position as President and CEO on 20 August 2021.
About Uponor Apple Valley, Minn.-based Uponor North America strives to be the partner plumbing and HVAC professionals rely on for smart water and energy solutions. The company is helping to move the construction industry forward through innovation, education and advocacy focusing on the defining issues of our time: water, energy and labor. An award-winning manufacturer of PEX piping and the exclusive marketer/distributor of Uponor PP-RCT in North America, the company offers plumbing, fire safety, radiant heating/cooling, hydronic piping, and pre-insulated piping system solutions for new construction, retrofits, and remodels in the residential and commercial markets. Recognized for best-in-class manufacturing, sustainability, economic development, and as a top workplace, the Uponor group of companies employs more than 3,800 worldwide. Uponor’s global headquarters are located in Vantaa, Finland.