President and CEO
The President and CEO’s main task is to lead the daily operations of Metso with assistance of the Metso Executive Team (MET) to secure the company’s success. The President and 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 President and CEO prepares the matters on the agenda of the Board and its committees and implements their decisions. Additionally, the President and CEO acts as Chairman of the Metso Executive Team (MET).
On May 21, it was announced that Metso's Board of Directors has appointed Pekka Vauramo President and CEO of Metso, effective as of November 2018 at the latest.Chair of the Board Mikael Lilius described nomination saying: “Pekka Vauramo has a proven track record in leading businesses facing competitive global markets, and he has long and extensive experience in the mining industry and in an international business environment. His experience is a good fit for Metso, which has achieved solid momentum this year with its new and goal-oriented organization and management team. The Board is confident that Pekka is the right person to lead the company forward with its current strategy and create added value for its customers and shareholders.”
Eeva Sipilä, CFO, has served as Metso's interim President and CEO as of February 3, 2018 and will continue to in the role until Pekka Vauramo begins as CEO.
Metso Executive Team (MET)
The President and CEO and other members appointed by the Board on the President and CEO’s proposal constitute the Metso Executive Team. The MET assists the President and CEO in the preparation of matters, such as business plans, strategy, policies and other matters of joint importance.
The MET assists the President and CEO in the preparation of business matters, such as business plans, strategy, policies and other matters of joint importance. The MET members report directly to the President and CEO and their main task is to lead the daily operations of their respected businesses or corporate functions. The Business Area heads are responsible for the strategy, financial development and position, operational performance, operating environment development, customers and competitive situation of their respective business areas. They are also responsible for implementing group initiatives and policies and guidelines within the business areas, and for collaboration across business areas.