This will also help Metso continue its transformation into a services and products-focused industrial player with attractive structural growth and high margin opportunities across its portfolio of services, products, and system deliveries.
Under the new strategy, Metso’s core customer industries will be mining, oil & gas, and aggregates. Metso’s goal is to strengthen its position as the leading technology and services provider for end-to-end minerals processing and to become a leader in flow control within the oil & gas and mining industries.
As part of its new strategy, Metso will study strategic alternatives, including potential divestment, for its current Process Automation Systems business, which primarily serves the pulp, paper, and power industries.
The new operating model and organization will be effective as of October 1, 2014, after which the Metso Executive Team will consist of Matti Kähkönen, President and CEO; Harri Nikunen, EVP & CFO, Deputy to the CEO; João Ney Colagrossi, President, Minerals; Juha Silvennoinen, President, Services; Perttu Louhiluoto, President, Flow Control; Merja Kamppari, SVP, HR; and Simo Sääskilahti, SVP, Strategy and Business Development.
