Cargotec to change operating model to accelerate strategy implementation
(Thomson Reuters ONE) -
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 27 OCTOBER 2011 AT 8.25 A.M.
(EEST)
Cargotec accelerates the implementation of its strategic initiatives by
announcing planned changes in operating model and Executive Board's
responsibilities. The company also plans to streamline the organisation in
centralised Support functions and central Supply.
Based on the plan, business area Industrial & Terminal will be divided into two
new business areas: Terminals and Load Handling. Cargotec's Supply organisation,
which develops factory operations and related sourcing activities, would be
divided into the new business areas. Business area Terminals will be led by Unto
Ahtola as Executive Vice President, Terminals. Unto Ahtola is currently
responsible for business area Industrial & Terminal. Axel Leijonhufvud has been
appointed to lead the new business area Load Handling as Executive Vice
President, Load Handling. He is currently responsible for Supply. These changes
would be effective from 1 January 2012.
Except for the changes in responsibilities, the Executive Board will remain
unchanged. Business areas Marine and Services continue unchanged. Cargotec's
external financial reporting segments will be Marine, Terminals and Load
Handling as of 1 January 2012.
Cargotec's strategy drives towards customer solutions. Cargotec is determined to
grow its business by customer focus with a vision to be the world's leading
provider of cargo handling solutions. Recent strategic initiatives such as Navis
acquisition and a planned joint venture in China strengthen Cargotec's leading
position in container terminals business. The renewed focus on Load Handling
aims to strengthen Cargotec's market position also in those core markets.
In order to streamline the organisation, Cargotec is planning to adjust both
operations and workforce in centralised Support functions and central Supply. In
addition, part of Cargotec's accounting operations, Cargotec Shared Service
Centre, located in Turku, Finland and Ljungby, Sweden, are planned to be
outsourced to an external partner. This change would improve the ability to
respond to the demands on global accounting services.
It is estimated that these planned changes would have an impact on approximately
115 employees in centralised Support functions, central Supply and accounting.
Therefore, Cargotec starts co-operation negotiations on 27 October in Sweden and
Finland.
Further information for the press:
Mikael Mäkinen, President and CEO, tel. +358 20 777 4100
Anne Westersund, Vice President Communications and Marketing, tel: +
358 20 777 4460
Further information for investors:
Eeva Sipilä, CFO, tel. +358 20 777 4104
Cargotec improves the efficiency of cargo flows on land and at sea - wherever
cargo is on the move. Cargotec's daughter brands, Hiab, Kalmar and MacGregor are
recognised leaders in cargo and load handling solutions around the world.
Cargotec's global network is positioned close to customers and offers extensive
services that ensure the continuous, reliable and sustainable performance of
equipment. Cargotec's sales totalled EUR 2.6 billion in 2010 and it employs
approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX
Helsinki under symbol CGCBV. www.cargotec.com
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Source: Cargotec Oyj via Thomson Reuters ONE
[HUG#1558449]
Unternehmensinformation / Kurzprofil:
Datum: 27.10.2011 - 07:25 Uhr
Sprache: Deutsch
News-ID 80755
Anzahl Zeichen: 4236
contact information:
Town:
Helsinki
Kategorie:
Business News
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