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 Operations. 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 Operations. 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. Additional information: 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). DISTRIBUTION: NASDAQ OMX Helsinki Ltd Main Media www.poyry.com [HUG#1849520]
Pöyry PLC : Pöyry further streamlines its business
Top 10 Most Recent News Articles
ESENTIA Lifts EBITDA, Reduces Debt, Eyes Expansion
ESENTIA Flexes Financial Muscles: What's the Deal? Walk with me through the gritty world of financials, and you’ll see that ESENTIA’s latest figures are a mixed bag with a tantalizing upside. We're talking about adjusted EBITDA ticking up to a cool $86 million in the third quarter of '26, a 1.3% lift from last year. Not too shabby, eh? Especially when you're grappling...
Continue Reading
Oxford Bank Reports Strong Q3 Amid Challenges
Digging Into Oxford Bank's Q3 Numbers You ever wonder how a smaller banking outfit yet to become a household name manages to punch above its weight? Let's look at Oxford Bank Corporation's (OTCQX: OXBC) third-quarter antics, where dreams of better margins and loan growth dance, even as operational costs spike. Net Income Climbs Despite Rising Costs The headline here is...
Continue Reading
Quaker Houghton Propels Forward with Q3 2026 Gains
Quaker Houghton's Strategy Yields Positive Q3 2026 Results Imagine getting through another quarter against global economic headwinds and coming out profitable. That’s exactly what Quaker Houghton (NYSE:KWR) pulled off in Q3 2026. Their net sales jumped to a solid $544.5 million, marking a 10% increase from the same quarter last year. Not bad for a company that had its...
Continue Reading
Ashling's New Feat: Microsoft Recognition in AI
Microsoft's Stamp of Approval for Ashling Ah, recognition—it's not just for egos. When Ashling, an AI consultancy heavyweight, gets a nod from Microsoft, it's worth more than a footnote in the company newsletter. This isn't some participation trophy. Nope, it's a badge saying they know their Data & AI, and Digital & App Innovation inside out. On October 29, 2026,...
Continue Reading
Wabi's $1.25B Valuation: A New Era for AI?
A Major Milestone for Wabi Well, here we go—Wabi, the brainchild of Eugenia Kuyda, is stirring the pot with a massive $55 million funding round, pulling its valuation up to a hefty $1.25 billion. If you're raising eyebrows at that price tag, you’re not alone. It's a big number riding on an even bigger idea: that AI isn't just for solitary chats anymore, but for...
Continue Reading
OPC Energy Refinances $825M for U.S. Power Plants
Strategic Financial Move for OPC Energy Here's the scoop from the powerhouse behind some major U.S. electricity moves: OPC Energy and its subsidiary CPV nailed down a hefty $825 million financing package for the Shore and Maryland power plants. This isn’t just any old financial shuffle. Nope, they've hammered out an all-in-one refinancing deal that's setting the stage...
Continue Reading
Tata's $450M Bet on India's AI Infrastructure
The Big Bet on AI Infrastructure Here comes Tata Communications, tossing nearly USD 450 million into the pot, betting on a vision that could change India's digital backbone. This isn't just some drop in the bucket; they're talking about laying down 10,000 kilometers of fiber for India's AI super highway. It's a gutsy move, and frankly, it's about time someone shook things...
Continue Reading
YSS Faces Legal Heat Over Misleading Investor Claims
YSS Investors Navigate Legal Waters as Class Action Looms Taking a slug of coffee this morning and diving right into it—York Space Systems has found itself in hot water. They went public earlier this year with what was supposed to be a shining opportunity under the NYSE:YSS ticker, but it turns out that not everything in their IPO shined—and now SBS Law is stepping up...
Continue Reading
CATL's Bold Move: New Energy Storage Game Changer
Fresh Energy on the Aussie Horizon Ever see a heavyweight step into the ring and know it's about to shake things up? That's CATL breaking into Australia with their new TENER+ system. This ain't just talk—these guys are delivering ultra-high capacity energy storage aimed right at the heart of the Australian energy sector, just in time for All Energy 2026. A Big Play in...
Continue Reading
kidSTREAM Museum Welcomes Carina Reeves as New CEO
Carina Reeves Takes the Helm at kidSTREAM You know how it goes—sometimes you need fresh leadership to steer the ship. That's exactly what's happening over at kidSTREAM Children's Museum. They've appointed Carina Reeves as their President and CEO after a nationwide hunt. This ain't just another CEO shuffle; it marks a pivotal moment as kidSTREAM inches closer to its...
Continue ReadingTop 5 Most Recently Viewed Articles
Linamar Enhances Market Presence with New Acquisition
Linamar Corporation Expands Its Capabilities through Acquisition Linamar Corporation (TSX:LNR), based in Guelph, Ontario, is excited to share its recent agreement to fully acquire George Fischer’s Leipzig Casting Facility. This substantial transaction, valued at €45 million, marks a significant leap for Linamar in diversifying its casting solutions to include large...
Continue Reading
Copenhagen Infrastructure Partners Expands with UK Biogas Plant
Copenhagen Infrastructure Partners Expands Biogas Operations Copenhagen Infrastructure Partners (CIP) has recently announced a pivotal investment in the renewable energy sector. Through its CI Advanced Bioenergy Fund I (CI ABF I), CIP is set to enhance its footprint in the biogas industry by acquiring a pre-treatment and biogas plant from Ørsted, a notable figure in...
Continue Reading
PPL Corporation's Growth Continues: Q1 Insights Unpacked
PPL Corporation Reports Impressive First Quarter Earnings PPL Corporation (NYSE: PPL) has posted remarkable financial results for the first quarter, demonstrating solid performance and strategic execution. The company's reported earnings per share (EPS) for the quarter stands at $0.56, a significant increase compared to $0.42 in the previous year. Notably, ongoing...
Continue Reading
Agfa-Gevaert's Annual Meeting Review and Impact Insights
Annual General Meeting Highlights of Agfa-Gevaert NV Agfa-Gevaert NV recently held its Annual General Meeting, an event that showcases the company’s commitment to financial transparency and strategic growth. At this significant gathering, shareholders approved various key aspects of the 2024 financial framework. Financial Insights and Decisions During the meeting, the...
Continue Reading
Market Adjustments Amid Unexpected Inflation Insights
The stock market took a serious hit back in September 2024 when investors processed a higher-than-expected inflation reading that turned heads and raised eyebrows across trading desks. You know how it goes—when the numbers drop like this, folks start talking about whether the U.S. economy is entering a "no landing" scenario, where strong growth doesn't falter even with...
Continue Reading