Pöyry Oyj: Pöyry PLC : Pöyry further streamlines its business operations and
introduces changes to its Group Executive Committee
Pöyry further streamlines its business operations and introduces changes to
its Group Executive Committee
PÖYRY PLC Company Announcement 19 August 2014 at 08:00 am
Pöyry continues to streamline its business operations and adjusts its
management structure with a view to improving efficiency.
Alexis Fries, President and CEO will act as Chairman of Pöyry's Regional
Marcelo Cordaro, 51, BSc, MSc and DSc in Electrical Engineering, currently
President of Pöyry's operations in Brazil is additionally appointed as
President Regional Operations Latin America and member of the Group Executive
Committee reporting to the President and CEO. Marcelo Cordaro joined the Pöyry
Group in 2008. Before that he was the Marketing and Supply Chain Director at
Braskem S.A. (2005-2008) and held several positions as a management consultant
for Booz Allen Hamilton (2004-2005) and McKinsey & Company (1996-2004).
Nicholas Oksanen, 47, MSc in Engineering (Paper Technology and Economics),
currently President of Pöyry's Pulp and Paper Business Unit is additionally
appointed as President Industry Business Group and member of the Group
Executive Committee reporting to the President and CEO. Nicholas Oksanen
joined the Pöyry Group in 1993 and has held several management positions in
the Industry Business Group.
Richard Pinnock, currently Executive Vice President Group Strategic Growth is
appointed Executive Vice President Global Sales and Project Management with
the responsibility for strengthening the Group's global sales and project
management. He will also continue to develop the Group's Large Projects
Competence Centre. The Project Management Services Business Unit, currently
part of the Industry Business Group, will be integrated under the Global Sales
and Project Management Function. Richard Pinnock continues as a member of the
Group Executive Committee reporting to the President and CEO.
Pasi Tolppanen, President Regional Operations Northern Europe, President of
Pöyry's operations in Finland and member of the Group Executive Committee, and
Marcelo Cordaro are both appointed as Vice Chairmen Regional Operations
supporting the President and CEO in promoting the regional business model,
successfully implemented in Northern Europe, to other Key Countries of Pöyry.
The Regional Operations Alpine Arc and Central Europe will be combined into
one region, Central Europe, which includes three of Pöyry's Key Countries:
Germany, Switzerland and Austria. The respective Country Presidents will
report directly to Alexis Fries, President and CEO and Chairman Regional
The Mining and Metals Business Unit, currently part of the Industry Business
Group, will be integrated into the Regional Operations Northern Europe.
The Regional Operations Asia Pacific comprising of local operations in China
and Thailand will be integrated into the Energy Business Group.
The changes will be effective immediately.
Martin Bachmann, Chairman Regional Operations and President Regional
Operations Alpine Arc and Asia-Pacific, and Martin Kuzaj, President Regional
Operations Central Europe, President Regional Operations Latin America and
President Industry Business Group will leave the Pöyry Group. We would like to
thank them both for their valuable contributions to the Pöyry Group and wish
them all the best for the future.
Alexis Fries, President & CEO, Pöyry PLC
Tel. +41 44 355 5525
Pöyry is an international consulting and engineering company. We serve clients
globally across the energy and industrial sectors and locally in our core
markets. We deliver strategic advisory and engineering services, underpinned
by strong project implementation capability and expertise. Our focus sectors
are power generation, transmission & distribution, forest industry, chemicals
& biorefining, mining & metals, transportation and water. Pöyry has an
extensive local office network employing about 6,000 experts. Pöyry's net
sales in 2013 were EUR 650 million and the company's shares are quoted on
NASDAQ OMX Helsinki (Pöyry PLC: POY1V).
NASDAQ OMX Helsinki Ltd
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Pöyry Oyj via Globenewswire
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