Photo: Vesa Kippola
Heikki Malinen (1962-), M.Sc. (Econ.), also holds an MBA from Harvard Business School. Malinen was appointed as Itella's CEO at a time when the company was undergoing major changes due to the acceleration of digitalisation. Posti needed a good strategic leader of change. Malinen's experience in executive positions in large international companies and in change projects was seen to support Itella's success both in its own internationalisation efforts and in responding to intensifying international competition.
Malinen had been the director of several companies. He worked at UPM-Kymmene Corporation from 1994 to 1996 and also from 2002 to 2008 as Vice President, Strategy. His next post, from 2008 to 2012, was as CEO of Pöyry PLC, after which he became CEO of Posti (Itella, 2015 Posti Group) in 2012, when Jukka Alho retired. From 1997 to 2005, Malinen worked in the United States: for McKinsey & Company (1997–1999), Pöyry (2000–2001) and UPM-Kymmene (2002–2005).
Heikki Malinen said that he was working to take the company towards the next phase of development. He believed that digitalisation, online shopping and globalisation were interesting growth opportunities, and he also saw that the changes in the postal sector were challenges for Itella. The number of letters delivered was reduced by almost fifty percent during this period due to digitalisation.
After seven years as CEO, Malinen resigned from Posti Group at the end of 2019. Posti was the subject of intense public debate at the time due to a dispute over the employment contract of the parcel sorting office staff. The controversy led to a strike organised by the Post and Logistics Union PAU. There was also confusion about the running of state-owned companies. This had effect on events that eventually led to the resignation of Prime Minister Antti Rinne and Minister of Local Government and Ownership Steering, Sirpa Paatero.
During Malinen’s leadership, Posti achieved the goals set by the owner in 2012: to keep Posti’s operations profitable, to create new growth to secure the company’s future and to get the company ready for public listing.
Heikki Malinen was replaced by Turkka Kuusisto, who first took over as interim CEO and then as CEO the following year. Before his current post, Kuusisto acted as Senior Vice President, Parcel and eCommerce. Malinen joined Outokumpu as President and CEO in May 2020.