Sanoma Corporation, Inside Information, 6 November 2023 at 12:00 EET
Inside Information: Sanoma’s President and CEO Susan Duinhoven to step down during the first half of 2024
Sanoma Corporation’s President and CEO Susan Duinhoven has informed Sanoma’s Board of Directors that she will step down from the role of President and CEO during the first half of 2024. The Board has initiated a search for her successor. Susan Duinhoven was appointed President and CEO of Sanoma in October 2015. She is committed to remaining fully operational as CEO until her successor has started and ensuring a solid transition after that.
"Susan has done outstanding job in transforming Sanoma from a cross-media company operating in multiple countries to the leading European K12 learning company. At the same time, she has focused intensively on strengthening Sanoma’s legacy as a leading media company in Finland through successful digitalisation. Serving our customers has always been in the centre in Susan’s leadership and it is widely reflected in Sanoma’s way of working. Together with the positive impact our businesses have on the lives of millions of people every day, it has built in Sanoma a solid base to continue executing its growth strategy. On behalf of the whole Board, I would like to extend my warmest thanks to Susan for her excellent work and exceptional commitment to Sanoma," says Pekka Ala-Pietilä, Chair of the Board of Directors.
“I am honoured and grateful to have been given the opportunity to work with our teams to support teachers in helping all students reach their potential and provide independent journalism and inspiring local entertainment to all Finns. During these eight years, we have together transformed Sanoma from a multi-country media company to the leading European K12 learning company with a strong, successfully digitalised, Finnish media house. I see this as a good moment to hand over, as we have clear strategies for future profitable growth for both businesses and key initiatives, such as Solar in Learning, are well underway. In 2023, we have together proven that our business is resilient, although not immune, to challenging economic circumstances. I want to thank our customers, partners and all Sanoma employees I have had the pleasure to work with during these years, and shareholders and the Board of Directors for their trust and unrelenting support for our successful transformation,” says Susan Duinhoven, President and CEO.
Investors: Kaisa Uurasmaa, Head of Investor Relations and Sustainability, tel. +358 40 560 5601
Finnish media: Hanna Johde, Communications Director, Sanoma Media Finland, tel. +358 40 673 8977
International media: Christel Lammertink, Communications Director, Sanoma Learning, tel. +31 6 5715 3456
Sanoma is an innovative and agile learning and media company impacting the lives of millions every day. Our Sustainability Strategy is designed to maximise our positive ‘brainprint’ on society and to minimise our environmental footprint. We are committed to the UN Sustainable Development Goals and signatory to the UN Global Compact.
Our learning products and services enable teachers to develop the talents of every child to reach their full potential. We offer printed and digital learning content as well as digital learning and teaching platforms for primary, secondary and vocational education, and want to grow our business.
Our Finnish media provide independent journalism and engaging entertainment also for generations to come. Our unique cross-media position offers the widest reach and tailored marketing solutions for our business partners.
Today, we operate in twelve European countries and employ more than 5,000 professionals. In 2022, our net sales amounted to approx. 1.3bn€ and our operational EBIT margin excl. PPA was 14.6%. Sanoma shares are listed on Nasdaq Helsinki. More information is available at sanoma.com.