Quarry Southern Africa November 2017 | Page 11

GLOBAL NEWS New operating model and organisation for Metso where businesses are built around similar customer, competitive, and business dynamics. This will enable a more focused and agile organisation,” says Metso president and CEO, Nico Delvaux. “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 continues. Metso’s new business areas will be: • Mining Equipment • Aggregates Equipment • Minerals Services • Minerals Consumables • Recycling • Valves • Pumps. The heads of the business areas will report to Delvaux. Metso’s board of directors has decided on the Group’s new operating model and organisation, effective from 1 January 2018. In 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 Metso president and CEO, Nico Delvaux. QUARRY SA | NOVEMBER 2017 _ 9