Metso's Board of Directors has decided on the Group's new operating model and organisation, effective from 1 January 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 organisation 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 organisational structure, where businesses are built around similar customer, competitive and business dynamics. This will enable a more focused and agile organisation," said 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 continued.
Metso's new business areas will include:
- Mining equipment.
- Aggregates equipment.
- Minerals services.
- Minerals consumables.
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.
Read the article online at: https://www.globalminingreview.com/mining/25092017/metso-announces-new-operating-model/