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Finland: Valoya announces departure of CEO

Valoya's CEO, Mr. Lars Aikala will leave the company in early 2021, by which time he will have served it from its founding, a total of 12 years. A search for the new Chief Executive Officer is undergoing. The company will continue to execute its strategy of bringing high quality, research based horticultural LED lighting solutions to its crop science, medicinal plant and vertical farming customers globally.

“Valoya has come a long way from when we founded it in 2009. We now have a unique position in the market with our research based, proven horticultural lighting solutions, which are appreciated by our customers globally. Our innovations and over 600 plant trials have enabled us to pioneer this market for more than a decade. We have built an international patent portfolio of 100+ granted patents, which demonstrates and protects our innovation. Our amazing team and our great resellers serve our customers in more than 50 countries with commitment and dedication,” says Mr. Aikala. He continues “Naturally we have also had to overcome several challenges during the years. The latest one, COVID-19 has again proven that the team strongly pulls together to win. I am very proud of the fact that, in these challenging times we managed to deliver revenue growth in 2020 and more importantly we also exceeded our profitability targets. Valoya now has a strong foundation and I am sure Valoya’s future will be very bright.”

The change comes from Lars’s desire to go back to the intensity, thrills and challenges of creating new business. The Board of Directors and Lars agree that now is a good time to make the change. To ensure a smooth transition, Mr. Aikala will continue working as CEO until a successor is in place.

"With his passion, relentless drive and unique expertise Lars made Valoya into the great company it is today. On behalf of the Board of Directors and the owners, I would like to extend sincere and best thank you to Lars for his very valuable contribution to Valoya's development," says Christer Härkönen, Chairman of the Board at Valoya.

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