Business News
Metso Group appoints new Executive Team members and forms global Metso Executive Forum to accelerate strategy implementation
Monday 08. September 2008 - Metso Group is appointing two new members to its Executive Team as of January 1, 2009. The new members are Kalle Reponen, Metsos Senior Vice President, Strategy and M&A, and Perttu Louhiluoto, who will start at Metso Group on October 1, 2008 as Senior Vice President, Operational Excellence. Metso will also form Metso Executive Forum to enforce strategy execution globally.
The changes follow Metsos August 22 announcement of the new operating structure and more ambitious financial targets for its profitable growth strategy. “We have already established a four-year track record of profitable growth, and we aim to continue on the same path. The market demand in our businesses is estimated to continue favorable over the long-term, which supports our strategy. Challenging financial targets call for strong value capture throughout our organization. This will require efficient management of cross-business operational excellence initiatives and increasing our strategic agility. Kalle and Perttu will strengthen the capabilities of Metso Executive Team in these areas,” says Jorma Eloranta, President and CEO of Metso.
Eloranta notes that Metso still has a lot of development potential. “Strategic agility calls for transparent and direct dialogue among the key business and regional leaders. Metso Executive Forum has been established to serve this purpose.”
Metso Executive Team as of January 1, 2009
The Metso Executive Team assists the President and CEO in the preparation of matters, such as business plans, strategy, policies and other matters of joint importance. As of January 1, 2009, Metso Executive Team will consist:
Jorma Eloranta, President and CEO, Chairman of the Executive Team
Olli Vaartimo, Executive Vice President and CFO, Vice Chairman of the Executive Team
Matti Kähkönen, President of Mining and Construction Technology
Pasi Laine, President of Energy and Environment Technology
Bertel Langenskiöld, President of Paper and Fiber Technology
Perttu Louhiluoto, Senior Vice President, Operational Excellence
Kalle Reponen, Senior Vice President, Strategy & MA
Perttu Louhiluoto (M.Sc. in Economics, LLM) will join Metso from McKinsey & Company where he has worked since 1991, currently as Partner. He will have Group-wide responsibility for initiatives to enhance Metsos operational excellence with special focus on cross-business value capture.
Kalle Reponen (M.Sc. in Economics) has worked for Metso since 2006 as Senior Vice President, Strategy and M&A.
Metso Executive Forum as of January 1, 2009
The new Metso Executive Forum meets 2-4 times a year to discuss and implement Group-wide initiatives and themes, share know-how and best practices and create synergies between businesses. The overall purpose is to enforce strategy execution globally. The members are from Metsos main business lines and geographical regions.
Jorma Eloranta will be Chairman of the Executive Forum and Olli Vaartimo Vice Chairman.
In addition to the Metso Executive Team members, the members of the Metso Executive Forum are:
Andrew Benko (Mining business line)
João Ney Colagrossi (Construction business line)
Per-Åke Färnstrand (Fiber business line)
Heinz Gerdes (Recycling business line)
Ari Harmaala (China)
Hannu Mälkiä (Paper and Board business line)
Lennart Ohlsson (Power business line)
Sudhir Srivastava (India)