Timo Riihimäki, Finnish railway executive appointed as CEO of the Rail Baltica Joint Venture

Vilnius / Lithuania – Today Supervisory Board of RB Rail AS appointed Timo Riihimäki as Chief Executive Officer and Chairperson of the Management Board of the Rail Baltica Joint Venture. He will start his duties from 11 March 2019 and will be based in Riga.

Timo Riihimäki has worked in several management positions at NRC Group A/S (VR Track Oy previously), leading Finnish railway engineering, construction and maintenance company, latest as Member of the Management Board and Vice President of Material Services and Track Machinery.

“Supervisory Board welcomes Timo Riihimäki to this key position of the Rail Baltica project,” says Karolis Sankovski, Chairman of RB Rail AS Supervisory Board. “He has broad international and domestic knowledge in railway infrastructure construction, maintenance services and railway heavy machinery operations. In addition, he is experienced in corporate and business turnaround strategies and management of international companies and organizations. As for the present priorities, RB Rail Shareholders and Supervisory Board expects Mr. Riihimäki to strive for timely implementation of the detailed technical design phase on different sections of the Rail Baltica railway. We trust that thanks to his personal and RB Rail team’s involvement and devotion the project will continue to accelerate.”

“It will be a privilege to accept the challenge to coordinate the Rail Baltica Global Project. Economic and social importance of Rail Baltica as well as its scale makes it one of the most complex and at the same time interesting projects in Europe to be involved in,” says Timo Riihimäki. “Rail Baltica will positively impact lives of millions of people and it is important to implement this project within the budget and on time.” 

Prior to VR Track Oy, Timo Riihimäki had a long career in leading positions at Finnair Group. He holds an MBA degree from the Henley Management College at the University of Reading (UK) as well as diploma in marketing from the Institute of Marketing (Finland).