OUTOTEC OYJ STOCK EXCHANGE RELEASE APRIL 9, 2013 at 4:00 PM
CHANGES IN OPERATIONAL STRUCTURE, REPORTING SEGMENTS AND EXECUTIVE BOARD
In order to accelerate Outotec's transformation into a full life cycle solutions provider and enhance value creation for customers and shareholders, Outotec has decided to change its corporate operating model and organization structure. The change further aims at strengthening product and technology leadership and the scalability of sales and delivery capabilities close to markets. These changes aim to promote continuous profitable growth in line with company's long term financial targets. In addition, the composition of Outotec's Executive Board will change as of July 1, 2013.
Changes in the operational structure
The company currently has four Business Areas: Ferrous Solutions; Non-ferrous Solutions; Energy, Light Metals and Environmental Solutions; as well as Services. The reportable operating segments according to IFRS 8 are Non-ferrous Solutions, Ferrous Solutions, and Energy, Light Metals and Environmental Solutions.
As of July 1, 2013, Outotec's business structure will consist of two Business Areas and three Geographical Regions. The Business Areas are Metals, Energy & Water and Minerals Processing. Specific focus on the development of services will continue, and both Business Areas will include a strong services function. The Regions are Americas, EMEA (including Europe, Middle East, Africa and CIS countries) and APAC (including Asia Pacific, China and India).
The Business Areas focus on technology and product development, global marketing of technologies and sales and delivery support to Regions. The Regions sell and deliver life cycle solutions to customers. Additionally, global functions are responsible for providing an effective and uniform business platform for the company's operations.
Changes in segment reporting
Outotec's two new business areas will in the future form the IFRS 8 operating segments. The new reporting segments will be effective starting from the January-September Interim Report 2013, which will be published on October 30, 2013.
Changes in the Executive Board
The Americas region will be headed by Mr Jari Rosendal, currently heading Non-Ferrous Solutions Business Area, the EMEA region by Dr Peter Weber, currently heading Energy, Light Metals and Environmental Solutions Business Area, and the APAC region by Mr Kimmo Kontola, currently heading Process Equipment business line of Non-ferrous Solutions. Kimmo Kontola, MBA, B.Sc. (Chemical Eng.), 50, is also nominated to the Executive Board of Outotec. He has a long experience within Outotec in various leadership positions related to automation, product management and minerals processing businesses.
Mr Robin Lindahl, Outotec's current head of Market Operations, will take the lead in the new Metals, Energy & Water Business Area. The Minerals Processing Business Area will be headed by Dr Kalle Härkki, currently heading Services Business Area.
Mr Pekka Erkkilä, currently responsible for Ferrous Solutions Business Area in the Executive Board, will take a new responsibility in heading Outotec's non-ferrous business within the Metals, Energy & Water Business Area. Dr Mika Saariaho, currently responsible for strategy in the Executive Board, will take the lead in developing Outotec's significant new growth areas of energy and water within the Metals, Energy & Water Business Area. Ms Pia Kåll, M.Sc. (Engineering Physics and Mathematics), 32, has been nominated to the Executive Board as a new member with the responsibility for strategy, mergers and acquisitions and Business Intelligence. She joins Outotec from McKinsey, where she has worked since 2006 and lately as Associate Principal.
"We have succeeded in doubling Outotec's business during last two years. We are making changes in our organization to take the next step on our transformation path and to ensure our ability to grow further. We also want to have more emphasis on our market areas and be close to our customers. I further believe that it is important to have job rotation within the company and its Executive Board to promote continuous development of the company and its people and exchange of knowledge and experience ", says Pertti Korhonen, President and CEO of Outotec.
Outotec Executive Board as of July 1, 2013:
Pertti Korhonen, President and CEO
Jari Rosendal, Executive Vice President, President of Americas Region
Peter Weber, Executive Vice President, President of EMEA Region
Kimmo Kontola, Executive Vice President, President of APAC Region
Robin Lindahl, Executive Vice President, President of Metals, Energy& Water business area
Kalle Härkki, Executive Vice President, President of Minerals Processing business area
Michael Frei, Senior Vice President, Supply
Mikko Puolakka, Chief Financial Officer
Minna Aila, Senior Vice President, Communications and Corporate Responsibility
Nina Kiviranta, Senior Vice President, Chief Legal Counsel
Kari Knuutila, Chief Technology Officer
Tapio Niskanen, Senior Vice President, Business Infrastructure
Kirsi Nuotto, Senior Vice President, Human Resources
Pia Kåll, Senior Vice President, Strategy and M&A
For further information please contact:
Pertti Korhonen, CEO
Tel. +358 20 529 2000
Mikko Puolakka, Chief Financial Officer
tel. +358 20 529 2002
Rita Uotila, Vice President - Investor Relations
tel. +358 20 529 2003, mobile +358 400 954 141
Minna Aila, SVP, Communications and Corporate Responsibility
Tel. +358 20 529 2455, mobile +358 40 5131470
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