During recent years, the Finnish global quarrying and mining equipment sector giant has successfully maintained a strong financial position. Its next value creation opportunities will come from profitable growth, backed up by a positive market development.
The new organisation is designed to accelerate Metso's strategy implementation by strengthening its service and product businesses in the minerals and flow control markets. Growth will primarily be sought organically, but also through acquisitions.
"The fundamentals of Metso's strategy and business portfolio remain the same, and our vision is valid. I strongly believe, that for our customers and other stakeholders, Metso will be the best choice for the sustainable processing and flow of natural resources. We will implement an organisational structure, where businesses are built around similar customer, competitive and business dynamics. This will enable a more focused and agile organisation," says Nico Delvaux, president and CEO of Metso.
"We will further strengthen the accountability of our businesses, and speed up decision-making to enable both the implementation of our growth plans and the agile response to market changes. Additionally, our focus on innovation and technology will significantly increase, to provide better solutions for sustainability, efficiency and productivity for our customers," he continues.
Metso's new business areas will be
- Mining Equipment
- Aggregates Equipment
- Minerals Services
- Minerals Consumables
- Recycling
- Valves
- Pumps
The heads of the business areas will report to Metso's president and CEO Nico Delvaux.
The Group's current reporting segments, Minerals and Flow Control, remain unchanged.
Based on Metso's revised operating model announced today, as of 1 January 2018, Metso's Executive Team will consist of the following members:
- Nico Delvaux, president and CEO
- Victor Tapia, president, Mining Equipment business area
- N.N, president, Aggregates Equipment business area
- N.N, president, Minerals Services business area
- N.N, president, Minerals Consumables
- Uffe Hansen, senior vice president, Recycling business area
- John Quinlivan, president, Valves and Pumps business areas
- Eeva Sipilä, chief financial officer
- Merja Kamppari, senior vice president, Human Resources
- Olli-Pekka Oksanen, senior vice president, Strategy and Business Development
- Jani Puroranta, chief digital officer
The appointments of the presidents of the Aggregates Equipment, Minerals Services, and Minerals Consumables business areas will be announced at a later date.
