Epiroc splits Tools & Attachments division and appoints new division president

In recent years, the Tools & Attachments division has expanded significantly through organic and inorganic growth, and will become significantly larger after the completion of the acquisition of STANLEY Infrastructure. To sustain optimal focus on each business line and continue fostering profitable growth, Epiroc will from 1 May 2024, split the Tools & Attachments division into these two new divisions: the Rock Drilling Tools (Tools) division and the Mining & Infrastructure Attachments (Attachments) division.

Martin Hjerpe, currently SVP M&A, Strategy and Supply Chain, will become President of the Tools division. Goran Popovski, currently President of the Tools & Attachments division, will become President of the Attachments division.

“With past growth and now the ongoing acquisition of STANLEY Infrastructure – our largest acquisition ever – our tools and attachments business is expanding significantly,” said Helena Hedblom, Epiroc’s President and CEO. “By dividing up the business into two dedicated divisions, we are optimising the focus for all the business lines and supporting sustainable, profitable growth.”

After the change on 1 May, Epiroc will have the following external reporting segments and divisions (the external reporting segments remain unchanged):

• The Equipment & Service segment with the divisions Underground, Surface, Parts & Services North and South America (NASA), Parts & Services Europe, Middle East and Africa (EMEA), Parts & Services Asia Pacific (APAC), and Digital Solutions. (Unchanged).
• The Tools & Attachments segment with the divisions Tools and Attachments.

Epiroc’s Group Management will remain unchanged as both Martin Hjerpe and Goran Popovski already are members of Group Management.

After Martin Hjerpe takes up his new role as division president, the position as SVP M&A, Strategy and Supply Chain will be dissolved. The M&A and Strategy function will report to the Chief Financial Officer. Supply Chain will be part of the Tools division.

Read the article online at: https://www.globalminingreview.com/finance-business/25032024/epiroc-splits-tools-attachments-division-and-appoints-new-division-president/