Metso changes its organizational structure and Leadership Team to accelerate business growth and improve operational efficiency. The changes will take effect today, November 4, 2024. They do not affect Metso's external financial reporting.

Metso's organization will consist of four business areas and four corporate functions. The business areas are Aggregates, Minerals, Services, and Consumables, and the corporate functions are Finance, Business Growth, HR, and Legal. The most significant changes compared to the previous structure are the discontinuation of the Metals business area and the establishment of a new function to accelerate and support business growth.

"With these changes, we will speed up the implementation of Metso's growth strategy, strengthen our market position in the chosen businesses and improve our operational efficiency. The main task of the new corporate function is to ensure that the conditions for growth are in place and optimized to generate the best value for the entire company," says Metso's President and CEO Sami Takaluoma.

The following individuals have been appointed to lead the business areas and corporate functions, forming Metso's Leadership Team.

Sami Takaluoma, President and CEO
Eeva Sipilä*, CFO
Markku Simula, President, Aggregates Business Area
Piia Karhu, President, Minerals Business Area
Heikki Metsälä, President, Services Business Area
Saso Kitanoski, President, Consumables Business Area
Claudia Genin, Chief Growth Officer
Carita Himberg, Chief People Officer
Nina Kiviranta, General Counsel

* will leave Metso in April 2025 at the latest, as announced earlier

President and CEO Sami Takaluoma: With these changes, we are sharpening our leadership, speeding up our decision-making, and improving our ability to lead the company effectively. I am particularly pleased that all members of the management team come from within the company.
"I have a pleasure of welcoming Saso and Claudia as new members of the management team. Saso brings valuable and diverse experience from the customer interface to the management team. Claudia, on the other hand, has a strong track record in leading a successful growth strategy. I wish all members of the management team success in their new and existing roles," says Takaluoma.
The former President of the Minerals business area, Markku Teräsvasara, will continue with Metso until the end of the year to ensure a smooth transition of responsibilities. "I want to express my warm thanks to Markku Teräsvasara for his valuable contributions at Metso and previously at Outotec. I wish him the best of luck and success in his new challenges," says Takaluoma.

Further information 
 
Juha Rouhiainen, VP, Investor Relations, tel. +358 20 484 3253, email: juha.rouhiainen(at)metso.com

Helena Marjaranta, VP, Communications and Brand, tel. +358 20 484 3212, email: helena.marjaranta(at)metso.com 

Metso is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. We improve our customers' energy and water efficiency, increase their productivity, and reduce environmental risks with our product and service expertise. We are the partner for positive change.

Headquartered in Espoo, Finland, Metso employs over 17,000 people in close to 50 countries and sales for 2023 were about EUR 5.4 billion. The company is listed on the Nasdaq Helsinki. Metso.com, x.com/metsoofficial