Finnair CEO Mika Vehviläinen to step down

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Finnair has confirmed that chief executive Mika Vehviläinen will step down on 28 February, taking up a new role as CEO of cargo handling specialist Cargotec.

"I believe now is a good time to leave Finnair in the hands of my future successor," says Vehviläinen.

"The company is heading towards a positive financial result and we are in a better position to build the kind of Finnair that upcoming major investments require."

Chief operating officer Ville Iho has been appointed deputy chief executive while the carrier seeks a full-time replacement.

Chairman Harri Sailas also announced last month that he will not stand for election when the board proposes new candidates for his position in March.