Cargotec develops its governance model further

Cargotec's governance model has been further developed resulting in changes in the responsibility areas of three Executive Board members as of 1 April 2010.
Cargotec has appointed Pekka Vauramo Chief Operating Officer (COO) and he continues as Deputy to CEO. Previously, he led the Industrial & Terminal business area. In his new role Pekka Vauramo is responsible for Cargotec's three business areas and Cargotec Regions. 

As of 1 April 2010 Cargotec's businesses will be reorganised into three business areas: Marine, Industrial & Terminal and Services. Cargotec's financial reporting will as earlier announced be based on two reporting segments Marine and Industrial & Terminal. In financial reporting the Services business will be included in the figures of these two reporting segments while its sales will continue to be reported as additional information.

The development of services in both Marine and Industrial & Terminal segments will be driven by a joint Services organisation. Stefan Gleuel, who previously led Service Solutions in the Industrial & Terminal business area, has been appointed Executive Vice President, Services. 

The Industrial & Terminal organisation will encompass the previous Product Solutions organisation, and Unto Ahtola, who was previously responsible for Product Solutions, Industrial & Terminal, has been appointed to lead the Industrial & Terminal business area as Executive Vice President.

(Source: Transport Weekly)