This week, the future Metso Outotec Board of Directors unveiled the planned company structure and the related executive team appointments. The nominations 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, subject to the receipt of all required regulatory and other approvals, including competition clearances.
Combined, the board believes 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 organization has been designed to leverage the strengths and expertise of both companies, Metso Outotec said.
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 board also made several appointments for the future Metso Outotec Executive Team. Current President, Aggregates, Equipment, at Metso Markku Simula will become president of aggregates. Stephan Kirsch will become president, minerals. He currently serves as president, mining equipment at Metso. Jari Ålgars, CFO of Outotec, will become president, metals. Current President of Recycling at Metso Uffe Hansen is the president, recycling. Markku Teräsvasara will become president, services, and deputy CEO. He currently serves as the president and CEO at Outotec. Current President, Minerals Consumables, at Metso Sami Takaluoma will become the president, consumables.
All of these executives will report to future Metso Outotec President Pekka Vauramo. “I’m confident that led by this team we will create a strong culture and deliver the benefits of the combination to our customers, shareholders and employees,” Vauramo said.
In addition to the business area presidents, 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. Currently she serves as the CFO and Deputy CEO at Metso. Current General Counsel at Outotec Nina Kiviranta will become general counsel of the combined company. Current Senior Vice President of Customer Experience at Finnair Piia Karhu will become senior vice president, business development. She will join the company on July 1. Hannele Järvistö, interim senior vice president, human resources, Metso, will become interim senior vice president, human resources. This appointment is valid until a new position-holder has been selected and will start in this role.