Outotec announces new operational model, Executive Board and measures to improve efficiency
(Thomson Reuters ONE) - OUTOTEC OYJ STOCK EXCHANGE RELEASE, FEBRUARY 9, 2010 AT 9.00 AMOutotec announces new operational model, Executive Board and measures to improveefficiencyIn order to accelerate the strategy implementation Outotec launches a newoperational model and Executive Board as of April 1, 2010. Additionally thecompany will start new efficiency improvement measures targeting at EUR 25million annualized savings in operational fixed costs."Outotec's objective is to expand the offering and increase value capture in ourcurrent core business of minerals and metals processing solutions and services.In addition, our objective is to grow in new businesses such as energy sectorand industrial water treatment. We are developing our operational model in orderto align our organizational structure with these strategic growth objectives andto improve the cost efficiency of our operations", Outotec's President and CEOPertti Korhonen says.New operational modelAs of April 1, 2010 Outotec's businesses will be reorganized into four businessareas, three of which are reporting segments. The business areas are:- Non-ferrous Solutions, consisting of businesses relating to the processing ofcopper, nickel, zinc, lead, gold, silver and platinum group metals as well asindustrial minerals.- Ferrous Solutions, consisting of businesses relating to the processing ofiron, steel and ferroalloys as well as titanium feedstock.- Energy, Light Metals and Environmental Solutions, consisting of businessesrelating to sulfuric acid plants, gas cleaning, alumina, aluminium and lightmetals processing, applications for heat recovery systems, coke, bioenergy, oilshale and sands as well as industrial water treatment.- Services, focusing on growing and developing the service business globally andproviding life-cycle services to Outotec's customers. The Services business willbe included in the figures of the three other business areas, and its salesvolume will also be reported separately.Sales and delivery operations in geographical Market Areas will be organizedunder global Market Operations organization that operates in matrix with theBusiness Areas. Additionally, global Shared Support Functions are responsiblefor providing an effective business platform for Outotec.The new operational model is geared to deliver growth both in all Market Areasand in all Business Areas. In addition, the matrix structure with globallyshared support functions will allow a more flexible organization and moreefficient use of Outotec's resources.New Executive BoardThe Board of Directors of Outotec has appointed a new Executive Board for thecompany to replace the current Executive and Management Committees. The newExecutive Board will take charge when Outotec shifts into the new operationalmodel on April 1, 2010.The members of the Executive Board with responsibility areas are:- Pertti Korhonen, President and Chief Executive Officer, Chairman of theExecutive Board- Jari Rosendal, Executive Vice President, President of Non-ferrous Solutionsbusiness area- Pekka Erkkil?Executive Vice President, President of Ferrous Solutionsbusiness area (as of May 1, 2010)- Peter Weber, Executive Vice President, President of Energy, Light Metals andEnvironmental Solutions business area- Kalle H?ki, Executive Vice President, President of Services business area- Martti Haario, Executive Vice President - Market Operations- Vesa-Pekka Takala, Chief Financial Officer- Tapio Niskanen, Senior Vice President - Business Infrastructure- Ari Jokilaakso, Senior Vice President - Human CapitalVice President, Corporate Strategy nomination will be announced later.Sami Lindstr?General Counsel, acts as Secretary to the Executive Board andBoard of Directors.Efficiency improvement measuresOutotec will start new measures to improve internal efficiency targeting at EUR25 million annualized savings in operational fixed costs compared to the costlevel of the fourth quarter of 2009. Part of these savings will be achievedthrough organizational restructuring. Initial personnel reduction estimate isglobally 170 employees, of which approximately 120 employees in Finland. Therestructuring will lead to one-time provisions of maximum EUR 20 million duringthe first half of 2010. The integration of Larox businesses is included in theabove mentioned savings and provisions figures.For further information please contact:OUTOTEC OYJPertti Korhonen, President and CEOTel. +358 20 529 211Eila Paatela, Vice President - Corporate Communicationstel. +358 20 529 2004, +358 400 817 198e-mailsfirstname.lastname(at)outotec.com
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Datum: 09.02.2010 - 02:04 Uhr
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