Changes in the Metso executive team
Jun 06, 2006. Metso’s organization, executive team and their areas of responsibility will change as follows as of August 1, 2006:
Jun 06, 2006. /Lesprom Network/. Risto Hautamäki will continue as president of Metso Paper. Fiber business line will, however, be separated from the business area.
Fiber business line will be integrated with Aker Kvaerner’s pulping and power units after the acquisition has been closed. Bertel Langenskiöld, currently president of Metso Minerals, has been appointed to head the businesses and the integration planning, which begins immediately.
As of April 1, 2007, Langenskiöld will become president of Metso Paper, and the fiber and power businesses will become organizationally part of Metso Paper. Risto Hautamäki, who will retire in the beginning of 2008, will continue to work for Metso till the end of the year as senior executive, responsible for key account projects in the pulp and paper industry.
All the persons above will be members of Metso executive team and report to Jorma Eloranta, president and CEO of Metso and the chairman of the Metso executive team.
“This top-level job rotation brings new momentum to the execution of Metso’s strategy of profitable growth while at the same time maintaining continuity within Metso,” says Jorma Eloranta. He notes that on the short-term the goal is also to secure successful and fast integration of Aker Kvaerner’s pulping and power businesses (AKPP) without risking the current positive development at Metso Paper.
The closing of the AKPP acquisition is still pending relevant regulatory approvals.
Metso is a global engineering and technology corporation with 2005 net sales of approximately Euro 4.2 billion. Its 22 000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.