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06/14/2021

PPG announces CEO change at Tikkurila

PPG closed on the acquisition of the Finnish paint maker on June 10.
a man wearing a suit and tie
Markus Melkko

Paint and coatings manufacturer PPG announced that Markus Melkko has been named interim chief executive officer (CEO) of Tikkurila Oyj, effective immediately.

Melkko will hold the position in addition to his current responsibilities as its chief financial officer of Tikkurila.

Following the closing of PPG’s acquisition of Tikkurila on June 10, Elisa Markula notified the Tikkurila board of directors of her decision to resign as president and CEO of Tikkurila to take a CEO role at another company in another industry sector. 

Markula’s resignation will be effective on a date to be announced and she will remain with Tikkurila until then to ensure a smooth transition.

“I want to thank Elisa for her leadership and many contributions to Tikkurila,” said Tim Knavish, PPG executive vice president. “She has built a strong team and together they executed a strategy to profitably grow the Tikkurila business. These efforts helped to enhance the value and reputation of Tikkurila, and we are pleased it is now part of the PPG family. We wish Elisa all the best in her future endeavors.”

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Melkko joined Tikkurila in 2019 and has served as CFO and a member of the management team.

“Markus is a proven leader and he has been instrumental in the transformation of the Tikkurila business, which positions us well to achieve continued growth and success,” Knavish said. “He has played a key role on the leadership team in executing the business strategy and delivering increased value to Tikkurila stakeholders.”

Based in Finland, Tikkurila manufactures paints and lacquers.