Inside information: Jarno Suominen appointed as CEO of NoHo Partners as of 1 September 2024
NoHo Partners Plc, Inside information, 6 August 2024 at 7:50 EET
Inside information: Jarno Suominen appointed as CEO of NoHo Partners as of 1 September 2024
NoHo Partners’ Board of Directors has appointed Jarno Suominen as CEO of NoHo Partners Plc as of 1 September 2024. Current CEO Aku Vikström will continue in his position until Suominen assumes the duties of the CEO.
Jarno Suominen (born 1972) has extensive experience from the restaurant industry, and he has worked at NoHo Partners since 2005, serving as CFO in 2005–2020. Suominen has acted as the Deputy CEO of NoHo Partners since 2020 and he is also the Country Manager of company’s operations in Finland as well as the Chairman of the Finnish Executive Team. He is also a significant shareholder of the company.
“Jarno Suominen has very strong and versatile experience in the restaurant industry, and he has played a key role in NoHo Partners’ growth story to its current size. He also has strong expertise in business arrangements and investment activities in the restaurant industry, which, in accordance with our new strategy, we focus on to accelerate especially the growth of the international business. The Board of Directors is confident that Jarno is the right person to lead the company towards its next growth targets while also enhancing continuity in the company’s management. On behalf of the whole Board of Directors, I wish Jarno the best of success in his new role”, says Timo Laine, Chairman of the Board of NoHo Partners.
“It is an honor to be appointed as the CEO of NoHo Partners. The company has been a significant part of my work history for almost two decades, and I have had a chance to be part of its growth story ever since Restamax was founded. NoHo Partners has a clear and ambitious strategy for profitable growth, and I am looking forward to working together with our great team to further strengthen our position as the leading restaurant operator in Northern Europe. I would like to express my appreciation to the NoHo Partners’ Board for the trust they have placed in me”, says Jarno Suominen, incoming CEO.
As announced on 20 March 2024, NoHo Partners’ current CEO Aku Vikström will step down from his role to join Orkla Foods Europe as their new CEO. Vikström has acted as the CEO of NoHo Partners since 2018.
“Aku Vikström, together with our Executive Team, has done an excellent job through various circumstances, and played a key role in creating the story of NoHo Partners and making us the most profitable company and the most desirable workplace in our industry. On behalf of the Board of Directors, I would like to thank Aku for his excellent leadership and contribution to the company and wish him all the best for the future”, says Timo Laine.
NoHo Partners will publish its Half-Year Financial Report 2024 today on 6 August 2024 approx. 8:00 EET. The company will present the results for the reporting period to the analysts, investors and media over a webcast on the same day at 10:00 EET. With the appointment of the new CEO, the media and analysts have the opportunity to participate the event on site at Sanomatalo, Flik Studio Eliel, 1st floor, Töölönlahdenkatu 2, Helsinki. Chairman of the Board Timo Laine, CEO Aku Vikström and incoming CEO Jarno Suominen will be available for the media to meet. Those wishing to attend the event, please contact Head of IR and Communications Sanna Sandvall by phone, tel. +358 40 760 0794. After the results presentation, the media will have the opportunity for the interviews at the venue or by phone. When registering, we would kindly ask to receive the information about interview and photography requests.
Photos of Jarno Suominen are attached to this release.
Additional information
Timo Laine, Chairman of the Board, tel. +358 40 062 6064
Sanna Sandvall, Head of IR and Communications, tel. +358 40 760 0794
Jarno Suominen
Born 1972
Finnish citizen
Primary work experience
NoHo Partners Plc, Deputy CEO, Country Manager of company’s operations in Finland and the Chairman of the Finnish Executive Team 2020–
NoHo Partners Plc, CFO 2005–2020
Hallman Group, various positions in restaurant management 1997–2004
Positions of trust
Eezy Plc, member of the Board 2019–2024
Smile Henkilöstöpalvelut, Chairman of the Board 2018–2019 and member 2014–2017
NoHo Partners Plc
NoHo Partners Plc is a Finnish group established in 1996, and it specialises in restaurant services being the creative innovator of the Northern European restaurant market. The company was listed in Nasdaq Helsinki in 2013 becoming the first Finnish listed restaurant company, and it has continued to grow strongly throughout its history.
The Group companies include some 300 restaurants in Finland, Denmark, Norway and Switzerland. The well-known restaurant concepts include Elite, Savoy, Teatteri, Sea Horse, Stefan’s Steakhouse, Palace, Löyly, Friends & Brgrs, Campingen, Cock’s & Cows and Holy Cow!. Depending on the season, NoHo Partners employs approx. 2,800 people converted into full-time employees, and in 2023, company’s turnover amounted to approx. MEUR 370. NoHo Partners’ vision is to be the leading restaurant operator in Northern Europe. More information is available at noho.fi/en.