Epiroc restructure Tools and Attachments division
Company to split business line into two new divisions and appoint new division presidents
EPIROC have announced that they will split their Tools and Attachments division into two business lines and appoint a new division president for each segment.
In recent years, the Tools and Attachments division has expanded significantly through organic and inorganic growth and will become significantly larger after the completion of the acquisition of Stanley Infrastructure.
To sustain optimal focus on each business line and continue fostering profitable growth, Epiroc will split the Tools and Attachments division into two new divisions – the Rock Drilling Tools division; and the Mining and Infrastructure Attachments division, effective 1 May 2024.
Martin Hjerpe, currently senior vice-president M&A, strategy, and supply chain, will become president of the Tools division while Goran Popovski, currently president of the Tools and Attachments division, will become president of the Attachments division.
‘With past growth and now the ongoing acquisition of Stanley Infrastructure – our largest acquisition ever – our tools and attachments business is expanding significantly,’ said Helena Hedblom, Epiroc’s president and CEO.
‘By dividing up the business into two dedicated divisions, we are optimizing the focus for all the business lines and supporting sustainable, profitable growth.’
The Rock Drilling Tools division will cover products and services, including top-hammer and handheld; DTH, rotary, and raise boring; ground support; and supply chain. The Mining and Infrastructure Attachments division will cover ground engaging tools, hydraulic attachment equipment, and Stanley Infrastructure products.
