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Ramirent President and CEO to Resign

Aug. 8, 2019
Ramirent’s president and CEO Tapio Kolunsarka has given notice of his resignation from the company.

Ramirent’s president and CEO Tapio Kolunsarka has given notice of his resignation from the company. He will continue in his position until his successor has been appointed.

“I am very proud of the work and the results that we have accomplished over the past three years that I have been at the helm,” said Kolunsarka. “I want to warmly thank all the Ramirenters for their tireless commitment in improving Ramirent’s performance. In the coming months Ramirent’s journey as a stock-listed company is coming to an end and a new era as part of the Loxam Group is about to start. This is a logical time for me to hand over the leadership to my successor and move on to the next chapter of my professional life.”

“Tapio Kolunsarka was appointed CEO of Ramirent in 2016 and during his time the company has become the undisputed market leader in the Nordics and Eastern Europe,” said Ulf Lundahl, Ramirent plc chairman. “Ramirent’s financial performance has substantially improved with comparable earnings per share rising from 0.33 in 2015 to 0.74 in 2018. Behind this impressive performance lies a number of strategic actions initiated by Tapio. On behalf of the board I thank Tapio for his considerable achievements as the CEO of Ramirent and wish him all the best in his future career.”

Ramirent, based in Helsinki, Finland, is nine in 10 countries in Scandinavia, northern and eastern Europe. In a deal still pending, Ramirent was recently acquired by Paris-based Loxam.

About the Author

Michael Roth | Editor

Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.