Metso to accelerate its strategy implementation with a new operating model and organization
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
Recycling
Valves
Pumps
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.
source: Metso
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