Inside information: Tuomas Oijala appointed CEO of Spinnova – Ben Selby deputy CEO

Spinnova Plc, Company Release, INSIDE INFORMATION, 31 August 2023 at 8:25 EEST

Inside information: Tuomas Oijala appointed CEO of Spinnova – Ben Selby deputy CEO

Spinnova's Board of Directors has appointed Tuomas Oijala (born 1985, M.Sc. (Tech.)), CEO of Spinnova Plc, effective as of 1 January 2024 at the latest. Tuomas has had a long and successful career at KONE Corporation in strategy, commercial and business development roles. More recently he was the managing director for KONE in Denmark and he is currently Senior Vice President for the global New Building Solutions business.

According to Janne Poranen, Chair of Spinnova's Board of Directors, Tuomas will bring the right kind of competence and experience to the company. "Tuomas has a strong track record of leading international businesses in a competitive global market. He has successfully developed businesses and carried out changes securing profitable growth. His energetic, bold and forward-looking approach is a great fit for Spinnova and important in the company's growth phase,” Poranen says.

"I am honored to join the Spinnova team at this exciting time in the company’s journey towards becoming a key player in sustainable materials and changing the world. It quickly became evident to me that the company has an amazing and unique technology with a lot of potential, important partnerships around the world even at this early stage, and a very strong team of dedicated people," says Tuomas Oijala. Timing couldn’t be better as the company prepares to gear up for growth. I look forward to taking the technology and solutions it can create to our customers on a large scale to help them improve their business," Tuomas continues.

CFO Ben Selby will continue to serve as Spinnova’s interim CEO until Tuomas Oijala starts in the CEO role. Thereafter Ben Selby will continue as deputy CEO and CFO. "On behalf of the Board, I would like to thank Ben and the whole personnel for their excellent work during the transition period. I believe that we have found an outstanding leadership combination in Tuomas and Ben, " says Janne Poranen.

Press, investor and analyst briefing

Spinnova will arrange a press and analyst web briefing in conjunction with January-June 2023 results, today, Thursday, 31 August 2023, at 11:00 am EEST hosted by the Chair of the Board Janne Poranen and interim CEO Ben Selby. Tuomas Oijala will join the event.

Spinnova Plc


For further information, please contact

Janne Poranen, Chair of Board

+358 20 703 2430


Certified advisor:

Aktia Alexander Corporate Finance Oy

+358 50 520 4098



Nasdaq Helsinki

Key media


SPINNOVA – Sustainable textile materials, naturally


Spinnova transforms the way textiles are manufactured globally. Based in Finland, Spinnova has developed breakthrough technology for making textile fibre out of wood or waste, such as leather, textile, or agricultural waste, without harmful chemicals.


The patented SPINNOVA® fibre creates zero waste and side streams or microplastics, and its CO2 emissions and water use are minimal. SPINNOVA® materials are quickly biodegradable and circular. Spinnova is committed to using only sustainable raw materials such as FSC certified wood and waste. SPINNOVA® fibre is produced without harmful or complex chemical processes and has the touch and feel of natural fibres such as cotton and linen.


Spinnova has received awards from e.g., the Fast Company, ISPO, Scandinavian Outdoor, ANDAM, Monocle and Marie Claire UK.


Spinnova’s shares (SPINN) are listed on the Nasdaq Helsinki First North Growth Market.



Corporate & IR site: