Future Neles Publishes Strategy for Profitable Growth

In preparation for the completion of the partial demerger of Metso Corporation, the management of the future Neles Corporation has defined its stand-alone ‘Strategy for profitable growth’ and mid-term financial targets with the support of the proposed Board of Directors of the future Neles. Neles Corporation will be created upon the completion of the transaction, which is currently expected to take place on June 30, 2020. 

Neles’ vision is to become a leading diversified valve and valve automation company, reinventing reliability in flow control. With its own sales and service personnel in around 40 countries, the global presence of Neles is further enhanced by a growing network of channel partners. 

Neles is a reliable partner offering sustainable solutions for its customer industries by helping to ensure the safe flow of materials. Neles is constantly developing product quality, material efficiency and operations. As part of its strategy, Neles continues to integrate sustainability throughout the value chain. Neles will continue to develop its organization and operations to ensure successful execution of its strategy. The key strategic initiatives include:
 – Targeting best-in-class project delivery performance
 – Developing lean and scalable operations, systems and organization for cost efficiency. 
 – Further leveraging recent investments in China and India
 – Continuously improving the performance and cost-effectiveness of its product offering
Neles’ operating model will consist of three business lines, four market areas, operations and corporate functions. 

The members of the Executive Management Team are: Olli Isotalo, President and CEO.

Heads of business lines: Timo Hänninen, Equipment; Sami Nousiainen, Services; Kalle Suurpää, Valve Controls & Actuators.

Heads of market areas: Patrick Dunn, North America; Fabio Maia, South America; Jon Jested-Rask, EMEIA; Tan HangPheng, Asia-Pacific.

Head of operations: Kevin Tinsley.
Heads of corporate functions: Simo Sääskilahti, Finance (CFO); Hanne Peltola, Human Resources; Kaisa Voutilainen, Communications and Marketing.

Courtesy of Neles and Metso.
Previous articleStar Pump Alliance Brings Trade Fair to the Home Office
Next articleDistribution Agreement: Union Tech &Wolseley Industrial