Metso’s Board of Directors has defined its view on the company’s portfolio strategy and has decided that the businesses under the Minerals and Flow Control segments will be further developed separately from each other.
The Minerals segment includes equipment and services sold to mining and aggregates customers, as well as the recycling business. The Flow Control segment consists of valves and related services sold to various process industries. The decision taken today will have no impact on Metso’s organizational structure nor its external reporting.
Metso’s Board of Directors has appointed Olli Isotalo as President, Valves business area and will become a member of the Metso Executive Team. Olli Isotalo has previously served as CEO of Patria Oyj and has held various executive positions at Cargotec Corporation.
John Quinlivan, the current President of the Valves business area, will continue as Senior Adviser until the end of 2019 and will support Olli Isotalo during the transition period.
Metso Executive Team will otherwise remain unchanged.