FLSmidth Appoints New Executive Management Team Amid Changes
FLSmidth Forms New Group Executive Management Structure
FLSmidth & Co. A/S has initiated significant changes to its Group Executive Management team, aiming to streamline operations and bolster its strategic direction. This announcement follows the decision of Mikko Tepponen, who has served as the Chief Digital Officer and Chief Operations Officer, to step down from his role.
Mikko Tepponen's Departure and Impact
Having joined FLSmidth in mid-2020, Mikko Tepponen has been instrumental in transforming various operational facets of the corporation. With his departure slated for the end of June 2025, there is a wave of respect and gratitude for his contributions within the company.
The leadership of FLSmidth acknowledges the key role that Mikko has played in advancing the company’s digital outreach and enhancing global manufacturing processes. CEO Mikko Keto expressed appreciation for Tepponen's leadership during a pivotal time for the company, stating, “Mikko has played a critical role in the transformation of FLSmidth. His dedication to driving innovation and operational excellence will be greatly missed.”
Streamlined Management Roles
In light of these changes, FLSmidth is set to eliminate the position of Chief Digital Officer and Chief Operations Officer. This adjustment is part of an ongoing strategy to establish a more unified leadership structure, allowing for a clearer distribution of responsibilities among the executive team.
Key responsibilities, particularly in IT and manufacturing, will now be overseen by the Chief Financial Officer and the three Business Line Presidents. This strategic move is expected to enhance the overall accountability of these leaders and foster improved performance across the board.
Strategic Vision Moving Forward
With a solidified executive team in place, FLSmidth is positioned to focus on its core business lines more effectively. The leaders now steering the firm include:
- Mikko Keto, CEO
- Roland M. Andersen, CFO
- Cori Petersen, Chief People & Sustainability Officer
- Julian Soles, President, Products Business Line
- Toni Laaksonen, President, Service Business Line
- Pat Turner, President, Pumps, Cyclones & Valves Business Line
- Christopher Ashworth, President, FLSmidth Cement
This fresh assembly of leaders is crucial as FLSmidth continues to operate within the mining and cement industries while advancing its MissionZero initiative. The commitment to achieving zero emissions across business practices by 2030 remains a top priority, aligning with correspondingly lofty global sustainability targets.
Company Contact Information
For media inquiries, please contact:
Jannick Denholt
Phone: +45 21 69 66 57
Email: jli@flsmidth.com
For investor relations, reach out to:
Andreas Holkjær
Phone: +45 24 85 03 84
Email: andh@flsmidth.com
About FLSmidth
FLSmidth is a comprehensive technology and service partner for the global mining and cement sectors. Its mission revolves around improving customer performance, reducing operational costs, and minimizing environmental impact. The company is dedicated to achieving carbon neutrality in its operations by 2030 while advancing sustainable practices in the industry.
Frequently Asked Questions
What prompted the changes in FLSmidth's Executive Management?
Mikko Tepponen's decision to leave prompted a reevaluation of the executive team structure to enhance operational efficiency.
Who are the current members of the Group Executive Management?
The team includes Mikko Keto, Roland M. Andersen, Cori Petersen, Julian Soles, Toni Laaksonen, Pat Turner, and Christopher Ashworth.
What is FLSmidth's commitment to sustainability?
The company is focused on achieving zero emissions by 2030 through its MissionZero initiative, which emphasizes sustainable practices across its operations.
How does FLSmidth plan to implement its new corporate model?
Responsibility for key business functions will be distributed among the CFO and the presidents of the three major business lines for enhanced efficacy.
What type of industry does FLSmidth operate in?
FLSmidth serves the mining and cement industries, providing technological and service solutions to improve performance.
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