Company now focused on growing a strong and unified Metso company and brand
METSO Outotec’s Annual General Meeting (AGM) yesterday approved the board of directors’ proposal to change the company name to Metso Corporation.
Commenting on the change, Metso president and chief executive officer Pekka Vauramo said: ‘After the successful integration of Metso and Outotec, we will focus on growing a strong, unified Metso company and brand. We have combined two valuable companies into one strong Metso.’
He continued: ‘Our focus is clear: we continue enabling sustainable modern life and transforming the industry with a clear strategy and strong culture, supported by a name that is short yet established and well recognized among all our stakeholders. Services are an extremely important part of our business, requiring a strong name.’
The change in parent company name to Metso Corporation is effective today [4 May], but globally the change will be implemented in a phased manner. Whilst visual identity of the company will remain unchanged, the new name is reflected in the company logo.
Metso say Outotec will continue as a product brand and carry significant value as the name of some key technologies and products. Metso Outotec’s Executive Team has been renamed Metso Leadership Team (MLT).