Metso to accelerate its strategy implementation with a new operating model and organization
Metso Corporation, stock exchange release, September 25, 2017 at 09:00 EEST
Metso's Board of Directors has decided on the Group's new operating model and organization, effective from January 1, 2018.
During recent years, Metso 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 organization 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 organizational structure, where businesses are built around similar customer, competitive and business dynamics. This will enable a more focused and agile organization," 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
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.
Metso is a world leading industrial company serving the mining, aggregates, recycling, oil, gas, pulp, paper and process industries. We help our customers improve their operational efficiency, reduce risks and increase profitability by using our unique knowledge, experienced people and innovative solutions to build new, sustainable ways of growing together.
Our products range from mining and aggregates processing equipment and systems to industrial valves and controls. Our customers are supported by a broad scope of services and a global network of over 80 service centers and about 6,000 services professionals. Metso has an uncompromising attitude towards safety.
Metso is listed on the NASDAQ OMX Helsinki, Finland, and had sales of about EUR 2.6 billion in 2016. Metso employs over 11,000 persons in more than 50 countries. Expect results.
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