Core Viewpoint - Suominen Corporation is launching a three-year Full Potential Program aimed at improving profitability, targeting a 10% EBITDA by 2028 [1][5][6] Group 1: Full Potential Program - The Full Potential Program is designed to reset profitability and capture improvement opportunities across the organization [2][5] - The program will involve an estimated investment of approximately EUR 30 million over three years, with EUR 10 million allocated for transformation costs and EUR 20 million for capital expenditures to upgrade manufacturing capabilities [6] - The program aims for a leverage ratio of 2x–3x (net debt/EBITDA) by 2028 [6] Group 2: New Operating Model - A new functional operating model will be implemented effective February 1, 2026, focusing on strategic priorities and enhancing accountability [7][10] - The commercial functions will be consolidated to strengthen growth and ensure alignment between R&D and customer management [8] - The role of Chief Operating Officer (COO) will be expanded to oversee all factories, safety, manufacturing engineering, procurement, and supply chain [9] Group 3: Leadership Changes - Kimmo Raunio has been appointed as CFO effective June 1, 2026, bringing extensive experience in driving turnaround and performance improvement initiatives [11][12] - Markku Koivisto has been appointed Chief Commercial and Technology Officer, while Marika Väkiparta has been appointed Chief Strategy and Transformation Officer [12][17] - The leadership changes are aimed at facilitating the transformation and ensuring the company is well-positioned to execute its strategic initiatives [17] Group 4: Company Overview - Suominen manufactures nonwovens as roll goods for wipes and other applications, with net sales of EUR 412.4 million in 2025 and nearly 700 employees in Europe and the Americas [18]