Pekka Vauramo to continue at Metso Outotec
President and chief executive officer of Metso Outotec to continue until the end of 2023
METSO Outotec have confirmed that Pekka Vauramo will continue as president and chief executive officer of the company until the end of 2023. Mr Vauramo was appointed to the role in November 2018, having previously served as president and chief executive officer of Finnair since 2013, and prior to that held several management positions at Cargotec (2007–2013) and Sandvik (1985–2007).
‘This is a unique opportunity to lead the integration of two great companies into Metso Outotec and to develop Metso Outotec into an industry leader,’ said Mr Vauramo (pictured). ‘We are at the beginning of our integration journey and Metso Outotec has a lot of potential to increase the effectiveness of its operations and to serve its customers even better and in a more sustainable way.’
Mikael Lilius, chair of the board of Metso Outotec, commented: ‘I´m pleased that Pekka will continue to lead Metso Outotec during this integration period, providing continuity to the organization and the strategy implementation, as well as ensuring that the well-started integration process will be finalized successfully.’
Meanwhile, in their newly published strategy, Metso Outotec say they aim to become a top-tier supplier of products, technologies and services in the aggregates and minerals processing industries, and certain areas of metals refining.
‘Based on a careful assessment of our businesses and the opportunities they offer, we have selected the areas we will focus on. The aggregates and minerals industries have clear roles at the core of our strategy,’ said Mr Vauramo.
As a result of the strategy work, Metso Outotec have also decided to divest their Recycling business, which sells products and services for metal and waste recycling. ‘We have concluded that even though the circular economy and other market drivers offer attractive opportunities for developing the Recycling business, it has limited synergies with the core of the new Metso Outotec, and therefore we will not be the best owner to fully leverage its opportunities,’ said Mr Vauramo.