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By Sharad Matade| Jan 20, 2021

Cimcorp Names Tero Peltomäki As CEO

Cimcorp has appointed its long-term employee, Tero Peltomäki, Executive Vice President of Operations and Technology, as Chief Executive Officer of the company, effective from February 1,2021.

His predecessor, Masatoshi Wakabayashi, who has successfully led the company’s growth for six years, will continue as a Cimcorp board member and act as General Advisor, said the company,

Peltomäki has been with the company since 1983, beginning his career as a mechanical engineer, then spending many years in sales and business development until his current role.

“Tero has extensive experience from his years with Cimcorp," commented outgoing CEO, Masatoshi Wakabayashi, "and he is a highly regarded and well-known professional among our customers, stakeholders and all Cimcorpers around the world.”

Masatoshi Wakabayashi has been Cimcorp’s CEO since 2015, following the group's acquisition by Murata Machinery Ltd (Muratec) in October 2014. During this time, the company has grown significantly in terms of revenue and profit, as well as in personnel and its subsidiary network, said Cimcorp.

Tero Peltomäki commented, "One of my core tasks is to lead our company to the next level, together with all our employees and in collaboration with our owner. Together we can create a formidable, mutual base for growth and development. As a long-time Cimcorper," continued Peltomäki, "I would also like to thank Masatoshi Wakabayashi for his tremendous work for Cimcorp, and I’m grateful that he will continue to contribute to our company and our community.”

 

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