Metso's management
President and CEO
Our President and CEO, Jorma Eloranta, is responsible for the management of Metso’s businesses in accordance with the Finnish Companies Act, corporate governance rules and the instructions given by the Board. The CEO is appointed – and, if necessary, dismissed – by the Board and he reports to the Board about e.g. Metso’s financial situation, business environment and other significant issues. The CEO prepares the matters on the agenda of the Board and its committees and implements their decisions. The CEO guides and supervises the operations of Metso and its businesses. Additionally, the CEO acts as Chairman of the Metso Executive Team and Metso Executive Forum.
Metso Executive Team
The CEO and other members appointed by the Board constitute the Metso Executive Team (MET). The MET assists the CEO in the preparation of matters, such as business plans, strategy, policies and other matters of joint importance.
Metso Executive Forum
In 2008 we established the Metso Executive Forum (MEF) to operate alongside the MET. It consists of the members of the MET and heads of our most significant businesses, market areas and human resources. Its task is to assist our CEO in execution and development of our strategy. MEF focuses on dealing with the most important Metso wide development issues and sharing of knowledge within Metso. The Forum convenes 2–4 times per year to discuss and share best practices, to start and follow up Group wide initiatives and to foster synergies between businesses.
Business line and reporting segment management
The business operations of Metso are organized into 8 business lines which in turn form the 3 reporting segments. The business lines in the Mining and Construction Technology reporting segment are Services as well as Equipment and Systems (Until July 1, Mining and Construction business lines), in the Energy and Environmental Technology reporting segment Power, Automation and Recycling, and in the Paper and Fiber Technology reporting segment Paper, Fiber and Tissue. The heads of Metso’s business lines are responsible for the profitability and the daily management of their business lines, and they report to the Presidents of the respective segments.
The Presidents of the reporting segments report to Metso CEO and provide him with information about the financial and operational performance and development of the operating environment of their respective businesses. They are also responsible for the development of the business line operations and strategy, for implementing Metso’s plans, strategies and operating policies within the business lines, and for collaboration between the business lines.
Subsidiary boards
The subsidiary boards ensure that operations in all Metso companies are managed in accordance with prevailing laws, regulations and operating policies. Metso’s CEO, as Chairman, and two to four other members appointed by the CEO, generally from Metso executives, constitute the boards of the major subsidiaries. The CEO decides on the possible additional responsibilities of the boards of holding and other similar companies belonging to the Metso Group.
Last updated: Mar 08, 2010
