With Metso and Outotec having recently cleared one of the final remaining hurdles towards merging the two companies, the future Metso Outotec Board of Directors has laid out the planned company structure and related executive team appointments.
The nominations will become effective after the closing of the partial demerger of Metso and the combination of Metso’s Minerals business and Outotec, which is currently expected to take place on June 30, 2020, subject to receipt of all required regulatory and other approvals, including competition clearances – which the companies made significant headway on recently.
The companies said: “Combined, the future Metso Outotec will be a forerunner in sustainable technologies, end-to-end solutions and services for the minerals processing, aggregates, metals refining and recycling industries globally. The new organisation is designed to leverage the strengths and expertise of both companies.”
Metso Outotec will consist of the following six business areas:
- Aggregates, providing crushing and screening equipment for the production of aggregates;
- Minerals, providing equipment and full plant solutions for minerals processing, covering comminution, separation and pumps;
- Metals, providing processing solutions and equipment for metals refining and chemical processing;
- Recycling, providing equipment and services for metal and waste recycling;
- Services, providing spare parts, refurbishments and professional services for mining, metals and aggregates customers; and
- Consumables, providing a comprehensive offering of wear parts for mining, metals and aggregates processes.
The boards have also made some significant decisions on the key personnel that will lead these business units.
Markku Simula will become President of the Aggregates business unit. Simula currently serves as President, Aggregates Equipment at Metso.
Recently appointed Metso Mining Equipment President, Stephan Kirsch, will become President of the combined Minerals business area.
Jari Ålgars, currently CFO at Outotec, will become President of Metals.
Uffe Hansen, who is currently President of Recycling at Metso, will become President of Recycling at Metso Outotec.
Metso’s Sami Takaluoma will retain his President of the Consumables business area post at the new merged entity.
Markku Teräsvasara, who currently serves as the President and CEO at Outotec, will take on the President, Services and Deputy CEO role at Metso Outotec.
In addition to the business area president appointments, the following function heads and executive team members have been appointed:
- Eeva Sipilä, CFO and Deputy CEO. Her appointment was announced on July 4, 2019. She currently serves as the CFO and Deputy CEO at Metso;
- Nina Kiviranta, General Counsel. She currently serves as General Counsel at Outotec;
- Piia Karhu, Senior Vice President, Business Development. She currently serves as Senior Vice President, Customer Experience at Finnair. She will join the company on July 1, 2020; and
- Hannele Järvistö, Senior Vice President, Human Resources (interim). She currently serves as Senior Vice President, Human Resources (interim) at Metso. “This appointment is valid until a new position-holder has been selected and will start in this role,” the company said.
All the function heads and executive team members will report to Metso Outotec’s future President and CEO, Pekka Vauramo (pictured), the company said.
Reflecting on these changes, Vauramo said: “Above all, Metso Outotec will be strong in sustainability. Our extensive combined offering for minerals processing, from equipment to a broad range of services, will help our customers improve their profitability and lower their operating costs and risks, while at the same time reduce the consumption of energy and water.
“We at Metso Outotec understand our customer’s world and the daily challenges they face. Together, we will partner for positive change.”