Boliden: New Business Areas to Boost Boliden's Competitiveness.STOCKHOLM, Sweden -- Boliden (STO:BOL BOL Bolivia (ISO Country code) BOL Books Online BOL Bole (SIL code, Nigeria) BOL Bill Of Lading BOL Beginning Of Line BOL Best Of Luck BOL Buzz Out Loud BOL Bruin Online BOL Beginning Of Life ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BOL) is implementing an organisational change with the aim of reinforcing the synergies within the smelter operations and increasing the focus on marketing issues for the main products, copper and zinc. The Business Areas Copper Smelters and Zinc Smelters will be merged to form Business Area Smelters, and a new Business Area Market will be formed. "The reorganisation will streamline and clarify important functions within the organisation. This will enable us to strengthen our internal efficiency and improve our potential for exploiting commercial opportunities, and thereby boost our competitiveness," says Jan Johansson, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Boliden. The following organisational changes, which will become effective on 1st January 2007, will be made in conjunction with the reorganisation: Co Svante Nilsson, currently President of Business Area Zinc Smelters, will become the new President of Business Area Smelters. Co Ulf SEderstrEm, currently Senior Vice President, Group Communications, will become the new President of Business Area Market. Co Eva Kaijser, currently in charge of Boliden's long-term borrowing, will be appointed Senior Vice President, Information and Investor Relations Investor relations The process by which the corporation communicates with its investors. (IR). Eva Kaijser will take over her new position on 1st June 2007, until which time, IR issues will be coordinated by Staffan Bennerdt, Senior Vice President, Group Finance. Marcela Sylvander, Communication Manager, will be responsible for the Group's other information and press issues. Co Sune Lundin, currently Boliden's CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. , will become the new President of Strategy. Sune Lundin will continue in his role as CIO. Co Jukka JEnrvinen, currently President of Business Area Copper Smelters, will be appointed Senior Advisor In some countries, a Senior Advisor is an appointed position by the Head of State to advise on the highest levels of national and government policy. Sometimes a junior position to this is called a National Policy Advisor. until his retirement in the summer of 2007. Co Eva Kaijser and Sune Lundin will become new members of Group management, and will report to the President & CEO, Jan Johansson. Boliden is one of the leading mining and smelting companies in Europe with operations in Sweden, Finland, Norway and Ireland. Boliden's main products are copper, zinc, lead and gold and silver. Exploration and recycling of metals are also important within the company. The number of employees is approximately 4 500 and the turnover amounts to approximately EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 3.8 billion annually. Its shares are listed on StockholmsbErsen's Large Cap list and on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. in Canada. www.boliden.com This information was brought to you by Waymaker http://www.waymaker.net |
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