Tieto Corporation Chief Financial Officer Tomi Hyryläinen will step down from his position at the end of December 2026. According to a 30 June 2026 stock exchange release, Hyryläinen is leaving on his own initiative to pursue new opportunities. The company has announced that a search for his successor is beginning immediately to ensure a transition period.
What is the impact of the CFO transition at Tieto?
Hyryläinen’s departure marks the end of a tenure of nearly eight years during which he oversaw a significant strategic transformation. Tieto transitioned into a leading software and digital consulting company in the Nordics. President and CEO Endre Rangnes stated that Hyryläinen’s finance leadership and business understanding were integral to this transformation. The company currently generates approximately EUR 2 billion in annual revenue.
Tieto employs approximately 13,000 vertical software, design, cloud and AI experts.
How does leadership change affect digital engineering firms?
When a CFO departs a firm mid-transformation, investors typically look for continuity in fiscal strategy. Tieto confirmed that Hyryläinen will remain on the Group Executive Team through the end of 2026. This is intended to provide stability as the company continues to manage its specialized business units, such as Tieto Caretech, Tieto Banktech and Tieto Indtech. Maintaining this leadership consistency is a standard practice in the software sector to prevent disruption in ongoing digital consulting projects.
Pro Tip: Monitoring Executive Transitions
For stakeholders, the most important metric during a CFO change is the preservation of capital allocation strategies. Watch for announcements regarding the new hire’s background—specifically their experience in software-as-a-service (SaaS) or digital transformation—to gauge if the company plans to double down on its current trajectory or pivot toward new markets.
Frequently Asked Questions
When will Tieto appoint a new CFO?
The recruitment process for a new CFO is starting immediately, according to the company’s official announcement.
Why is Tomi Hyryläinen leaving Tieto?
Hyryläinen is leaving on his own initiative to pursue opportunities outside of the company.
How long will the outgoing CFO remain at the company?
Hyryläinen will continue in his role as CFO and as a member of the Group Executive Team until the end of December 2026.
Where are Tieto shares traded?
Tieto shares are listed on the NASDAQ exchanges in Helsinki and Stockholm.
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