Spinnova CEO Tuomas Oijala puts his office down.
Oijala’s last working day as managing director will be September 12, 2025 at the latest, as the fiber manufacturer announced on Wednesday. The outgoing CEO will remain in its function during his six -month notice period and focus on continuing the ongoing strategy and accompanying the transition.
Oijala competed in January 2024 as CEO of Spinnova. Why he leaves the company is not known.
In a press release, Spinnova said that the Board of Directors immediately started looking for a new manager to accompany the next growth phase.
Thanks to strategic changes, Spinnova 2024 was able to reduce his loss. The operational loss dropped from 20.9 million euros to 18.3 million euros, while the net loss decreased by 14 percent to EUR 16.8 million. However, the annual turnover shrank significantly from EUR 10.6 million to just under 0.8 million euros.
This article previously appeared on Fashionunited.nl and was used with digital tools translated.
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