Board/Management Information • Oct 24, 2014
Board/Management Information
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Ahlstrom simplifies its structure and organization for faster execution and profitability improvement
Ahlstrom Corporation STOCK EXCHANGE RELEASE October 24, 2014 at 12.30 EET
Ahlstrom simplifies its structure and organization for faster execution and
profitability improvement
Ahlstrom will simplify its structure and organization to enable faster execution
and stronger accountability within business areas. The aim of the change is to
accelerate profitability improvement. The new structure will be effective as of
January 1, 2015. In addition, the composition of Ahlstrom's Executive Management
Team will change with immediate effect.
Ahlstrom's new organizational structure will consist of three business areas:
Filtration, Building and Energy, and Food and Medical. These business areas will
have stronger operational alignment, including responsibility for sales and
marketing, technical customer service, product development and operations."The changes in operational and management structure will help to clarify the
priorities for each business. I believe that we can facilitate faster execution
and optimize our resources by strengthening accountability in the business areas
close to our customers and markets", states Marco Levi, President & CEO.
Executive Management Team appointments
The following appointments in the Executive Management Team of Ahlstrom have
been made:
* Sakari Ahdekivi, CFO, responsible for Finance and Controlling, Information
Technology and Communications
* Ulla Bono, Executive Vice President, Legal, General Counsel
* Fulvio Capussotti, EVP, Building and Energy, responsible for the
wallcovering, flooring and composite businesses
* Omar Hoek, EVP, Food and Medical, responsible for the food packaging,
masking tape and medical businesses.
* Jari Koikkalainen, EVP, Filtration, responsible for the transportation
filtration and advanced filtration businesses
* Nadia Stoykov, EVP, Commercial Excellence, Customer Service and Sourcing.
* Päivi Leskinen, 49, M.Sc. (Soc.) will assume the role of Executive Vice
President, Human Resources and member of the EMT. She has held several HR
management positions at ABB, currently as Global HR Business Partner, EMEA,
Ventyx, ABB Technology Ltd. She will join Ahlstrom in the first quarter of
2015.
All EMT members will report to Marco Levi, President & CEO.
Additional changes
* Paul Stenson is appointed EVP, Filtration Product Development, reporting to
Jari Koikkalainen. Paul will also maintain responsibility for aligning
product and technology development capabilities as well as portfolio
development between the three Business Areas.
* Roberto Boggio has been appointed EVP, Operations, Food and Medical. Roberto
will also assume responsibility for aligning operations, including
manufacturing, engineering and logistics, within the three Business Areas.
He will report to Omar Hoek.
* Arnaud Marquis will assume the role of Vice President, Wallcover and Poster
businesses, reporting to Fulvio Capussotti.
* Paul, Roberto and Arnaud will step down from the EMT, and Paul and Roberto
will become members of the Extended Executive Team which will be established
to work in close collaboration with the EMT.
* Following the changes, Paula Aarnio, EVP, HR & Sustainability; William
Casey, EVP, Regional Sales, Americas; Rami Raulas, EVP, Regional Sales
EMEAI, and Luc Rousselet, EVP, Supply Chain, will pursue other opportunities
outside Ahlstrom and will leave the EMT."Let me extend my thanks to Paula, William, Rami and Luc for their valuable
contribution to the development of the company during the last years. I wish
them all the best in their future challenges," Marco Levi continues.
Changes in segment reporting
Ahlstrom's three new business areas, Filtration, Building and Energy, and Food
and Medical, will form the new financial reporting segments of the company. The
changes are effective starting from January 1, 2015. The company plans to
publish restated financial segment information before publishing its January-
March 2015 interim report on April 28, 2015.
For more information, please contact:
Liisa Nyyssönen
VP Communications
Tel: +358 10 888 4757
Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with
leading businesses around the world to help them stay ahead. We aim to grow with
a product offering for clean and healthy environment. Our materials are used in
everyday applications such as filters, medical fabrics, life science and
diagnostics, wallcoverings and food packaging. In 2013, Ahlstrom's net sales
from the continuing operations amounted to EUR 1 billion. Our 3,500 employees
serve customers in 24 countries. Ahlstrom's share is quoted on the NASDAQ OMX
Helsinki. More information available at www.ahlstrom.com.
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