iLOQ, an innovative and fast growing digital access management company, has appointed Heikki Hiltunen as the new CEO and President as of 1st August, 2017. Hiltunen has a long and successful background in industrial automation in a global business environment. Currently, he is the Senior Vice President responsible for Sales, Marketing, and After Market Services at Danfoss Drives Segment. Prior to Danfoss, Hiltunen was the Executive Vice President, Market Operations at Vacon Plc.
“I am proud and excited to join iLOQ team. I am 54 years old and I have been in the drives and industrial automation business for 30 years. Now, I am excited to start a new chapter in a new role, and in a completely new type of business. iLOQ is not only about technology transformation. It also enables new business models and a new level of service within access management,” says Heikki Hiltunen.
Vice President Esa Myllylä has been acting as the Interim CEO at iLOQ since March 2, 2017. He will continue as the Executive Vice President. The Former CEO and founder Mika Pukari continues as a Board member.
Electronic lock cylinder
“I am extremely happy to welcome Heikki to iLOQ team. His broad experience will be extremely valuable for us as we step up our growth pace, and it will allow me to focus on my duties as a member of the Board,” says Mika Pukari.
As all the infrastructure around buildings, also access management and locks are going through a fundamental transformation, where new digital technologies play an important role. iLOQ has uniquely solved a lot of problems to enable a truly digitalised access management. iLOQ is the first and the only electronic lock cylinder in the world that self-powers by harvesting electricity from key insertion.
"I feel that together with the iLOQ team we can build this into a truly global success story"
Continued business growth
“I have personally known Heikki for a long time, and I am confident that he can lead iLOQ towards its ambitious growth targets, and into the truly global company that it deserves to be,” iLOQ Chairman Veijo Karppinen summarises.
iLOQ was established in 2003. In 2016, its revenues totalled 33,7 MEUR (increase +46 % from 2015), and it has about 70 employees. iLOQ has received several awards for its products and technology including 2016 Detektor International Award for ‘Best Access Control Product’ and Deloitte technology FAST 50 Finland for ‘Fastest growing technology company in Finland'.
“I love to work with technology in a global context. I feel that together with the iLOQ team we can build this into a truly global success story. I can’t wait to get going,” Hiltunen says.