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‘Dream team’ at Marinetek T

his year could be the best ever for Marinetek. Having battled through the recession and emerged with an order

book for prestigious international contracts, the company is all set to enter its third decade. Added to this improvement is a change to senior management that will give the company a ‘dream team’. On 1 August, in good time for

Marinetek to celebrate its 20th anniversary in the coming Autumn, co-founder Ilkka Seppälä will step down as Chief Executive Officer (CEO) to become full-time Chairman of the Board, and current Executive Vice- President, Jukka Saarikko, will be the company’s new CEO. The board will also be further strengthened by a new member, Pekka Luoma. It is an exciting time for change

and Seppälä is eager to embrace new opportunities for the company. “Now that Marinetek has 20 years of strong global growth under its belt, I think it’s the perfect time to leave my duties as CEO and concentrate on ensuring the sustainable growth and strategic development of the company from the boardroom,” he said. “We have much to look forward to.” Incoming CEO, Jukka Saarikko

(53), who has been with the company since 2007 and has been Executive Vice-President since 2012, is keen to streamline existing operations and capitalise on the company’s success in many different geographical markets.

Marinetek founders Markku Rantanen (left) and Ilkka Seppälä (right) with Jukka Saarikko, who starts as CEO of Marinetek Group in August.

The main task of the corporation’s

parent company is to guide the subsidiaries and there is plenty of scope. The corporation comprises 24 different companies, ten of which are outside Finland in countries such as the USA, Singapore, Dubai, Sweden, Croatia and Russia. “The core business of the company

is now doing well and our market position in the Nordic countries, Russia, Croatia, Denmark, Poland and Romania is very strong. My most pressing tasks will be to further develop business activities in the USA and complete our integration with the companies we have purchased in Sweden,” Saarikko revealed. The corporation currently has dozens of ongoing projects around the world, the largest of which include an iconic Bathing Pavilion in Gibraltar,

rowing stadium in Romania and marina projects in Fort Lauderdale (Florida, USA), Sochi (Russia), Skradin (Croatia), Meljine (Montenegro), Cannes (France), Canouan (Carribean), Abu Dhabi (UAE) and Phuket (Thailand). “Results for this year are already more positive than for 2013 and project sales have gone well around the world. Our new products and more competitive pricing structure have been well received and our market position has strengthened in line with our aims,” he continued. New board member, Pekka Luoma,

comes to Marinetek with a wealth of international business experience. He worked for 18 years at Ernst & Young – first as CEO and later as Chairman of the Board – and served for six years on the board of Ernst & Young Global and EMEIA (Europe, Middle-East-

Dura order breaks UK record

An order for 4,000 sq m of its Dura Grating Mini Mesh fibreglass marina decking, representing a record amount of this type of material for any one marina in the UK, has been supplied and installed at Southwark Council’s South Dock Marina in London by Dura Composites Ltd. South Dock Marina is London’s

largest marina situated at a prestigious location on the South Bank of the Thames downstream from Tower Bridge and upstream from Greenwich. It opened in 1994 and has been undergoing redevelopment,


including the replacement of the existing timber walkways and pontoons. The owners chose Dura Grating Mini Mesh for its excellent anti-slip properties, 50-year life span and a growing track record of performance from customers such as the Royal National Lifeboat Institution. Dura Composite’s fibreglass marina decking has a proven gritted, maximum anti-slip surface, which has one of the highest degrees of slip resistance ever measured for a walking surface, especially in wet, oily

and icy conditions. The integral gritted non-slip surface of the marina decking provides long-lasting protection and is an ideal replacement for traditional timber decking materials used in marina construction and refurbishment. It comes in a variety of mesh

sizes and thicknesses and can also be supplied as solid top decking, providing a strong, level surface for foot or wheeled traffic, which offers approximately 30% higher stiffness values than open mesh grating. The pontoons equipped with

Dura Grating Mini Mesh are now open to berth-holders. A grand opening of the refurbished marina is planned once other contractors have completed their work.

India, Africa). He is a skilled strategist who excels at managing specialist organisations and is well versed in corporate governance, financing and taxation. The other expert board members

are: Risto Kyhälä, who has detailed knowledge of property development and corporate management; Vesa Koivula, who is CEO of the listed company Cramo Oy and has considerable experience in international project management and the global construction industry; and Antti Niemi, a Partner at Peltonen LMR Attorneys. Niemi, the longest serving board member, acts as Marinetek’s company lawyer and has broad knowledge in corporate acquisitions and financing. “After many years of strong

growth, Marinetek has been hit over the past three years by the pan-European recession. This has most particularly affected our core business,” Seppälä explained. “Becoming established in markets in China and the USA has also taken a lot of resources in a falling market and major changes in customer expectations and financing tools have brought additional challenges. We now have a ‘dream team’ and are developing our products and processes in different parts of the world. Marinetek is back on track and growing again and we expect this year to be the best in the company’s history,” he enthused.

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