Kalle Kettunen appointed CEO of Algol Chemicals

Press Release 4.8.2020

M.Sc. (Tech.), MBA Kalle Kettunen (55) has been appointed CEO of the Algol Group’s largest subsidiary, Algol Chemicals Oy. He will start in his new position on 15 August 2020.Algol Chemicals Kalle Kettunen

Kalle Kettunen was previously CEO of Telko Ltd, a global supplier of plastic raw materials and industrial chemicals, from 2009 to 2019. Telko is part of the Finnish listed company Aspo Group and has operations in 17 countries. He is joining Algol Chemicals from his most recent position as Managing Director of Finex Oy, a supplier of specialty chemicals. Kettunen has previously held management positions within the chemical and paper industries in Finland, Sweden and China.

“Kalle Kettunen has a diverse background in both the distribution of raw materials and other industrial sectors, and he has an excellent track record in growing sales and profits. I am very pleased to welcome him to Algol,” says Alexander Bargum, Chairman of the Board of Algol Chemicals Oy and CEO of the Algol Group.

“It is with great interest that I take over as CEO of Algol Chemicals, a family enterprise for which I have a lot of respect. I believe that my long experience in the sector will be useful in further developing the company’s business together with the expert team at Algol,” says Kalle Kettunen, commenting on his new position.

Fredrik Hansson, who has served as temporary Managing Director of Algol Chemicals since December 2019, will return to his position on the company’s Management Board.

“I would like to express my warm thanks to Fredrik Hansson for his fine work during the nine-month transition period. Thanks to him, the changeover to a new CEO has gone smoothly and safely,” Alexander Bargum states.

Further information

Alexander Bargum, CEO, Algol Group, tel. +358 40 732 3232.
Kalle Kettunen, CEO, Algol Chemicals Oy (as of 15 August 2020), tel. +358 40 5585 478.

Algol Chemicals in brief

Algol Chemicals connects manufacturers of industrial raw materials to industrial customers by offering value-added services, tailored deliveries and expert product know-how. Thousands of globally sourced, REACH compliant products are delivered to our customers directly from local warehouses. Algol Chemicals provides its services to over 3000 industrial companies throughout the Nordic and Baltic regions, Belarus, Ukraine and India. The company also has a joint venture, Omya Algol Rus, which operates in Russia and Kazakhstan. Algol Chemicals is part of the Algol Group. www.algolchemicals.fi.

Algol in brief

Algol is a Finnish multi-branch supplier to industry and the healthcare sector. We work together with a global network of partners responsibly and with over 125 years of experience. Algol’s solutions for industry are designed to safeguard manufacturing reliability, enhance processes and prolong the lifespan of machinery and equipment. In the healthcare sector Algol’s solutions promote the conditions for healthy living.

The Algol Group had net sales of 165 million euros in 2019. We employ almost 500 professionals in ten countries. Read more: www.algol.fi.