SIG Group AG appoints Mikko Keto as Chief Executive Officer

MEDIA RELEASE
November 17, 2025

SIG Group AG (“SIG”, the “Group” or the “Company”)

SIG Group AG appoints Mikko Keto as Chief Executive Officer

SIG today announces that, following an extensive global search, its Board of Directors has appointed Mikko Keto as the Company’s Chief Executive Officer. He is expected to join in the first half of 2026.

Mikko Keto, a Finnish citizen, joins SIG from FLSmidth, a multinational engineering company providing equipment, systems and services to the global mining industry.

Mr. Keto joined FLSmidth in 2021 as President of the Mining division prior to becoming Group CEO in 2022. As CEO, he executed a comprehensive business transformation, including a financial and operational reset, portfolio optimization involving both a major divestment and merger, as well as a global efficiency and cost-reduction program. Mr Keto doubled the value of FLSmidth during his tenure.

Prior to joining FLSmidth, Mr. Keto spent over nine years at Metso Corporation, latterly serving as President, Services and Pumps.

During his career, Mr. Keto has delivered business transformation across several companies including Nokia Networks, KONE Corporation, Metso Corporation, and FLSmidth. Since 2019, Mr. Keto has also served as a board director and member of the Audit Committee for the Normet Group.

Mr. Keto has a degree in M.Sc. (Economics) from the Helsinki School of Economics. He will be based at SIG’s headquarters in Switzerland.

Ola Rollén, Chair of the Board of SIG, said: “I am delighted to welcome Mikko to the Group as CEO. He brings an impressive track record of driving business and cultural transformations in engineering-led systems businesses. We are confident that he will guide SIG to release its growth and innovation potential. We believe that under his direction, we will build a simpler, leaner, and more agile company that delivers enhanced value to all stakeholders.

On behalf of the Board, I would like to extend my sincere thanks to Anne Erkens, our CFO, for stepping in as interim CEO during this transition period.”

Mikko Keto, said: “I am thrilled to be appointed CEO of SIG. The Group has a high-quality business model, with engineering, innovation, and sustainability at its core. I very much look forward to leading the Company into its next chapter and building on its strong foundation.”

Investor contact:

Ingrid McMahon
Director Investor Relations
Tel: +41 52 543 1224
Email: Ingrid.mcmahon@sig.biz

Media contact:

Andreas Hildenbrand
Lemongrass Communications
Tel: +41 44 202 5238
Email: andreas.hildenbrand@lemongrass.agency 

About SIG

SIG is a leading solutions provider of packaging for better – better for our customers, for consumers, and for the world. With our unique portfolio of aseptic carton, bag-in-box, and spouted pouch, we work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable, and affordable way. Our technology and outstanding innovation capabilities enable us to provide our customers with end-to-end solutions for differentiated products, smarter factories, and connected packs, all to address the ever-changing needs of consumers. Sustainability is integral to our business, and we strive to create a regenerative system for food packaging.

Founded in 1853, SIG is headquartered in Neuhausen, Switzerland, and is listed on the SIX Swiss Exchange. The skills and experience of our approximately 9,600 employees worldwide enable us to respond quickly and effectively to the needs of our customers in over 100 countries. In 2024, SIG produced 57 billion packs and generated €3.3 billion in revenue. SIG has an AAA ESG rating by MSCI, a Platinum CSR rating by EcoVadis, and is included in the FTSE4Good Index. For more information, visit www.sig.biz

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Alternative performance measures

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Alternative performance measures - SIG – for better