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Cargotec enhances Kalmar's growth opportunities with business reorganisation.

M2 EQUITYBITES-March 8, 2019-Cargotec enhances Kalmar's growth opportunities with business reorganisation

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Cargotec Oyj (Helsinki: CGCBV), a provider of cargo handling solutions and services, announced on Thursday that in order to enhances growth opportunities of its Kalmar business area, it is reorganising its business structure.

Reportedly, to enhance Kalmar's growth opportunities, Cargotec has reorganised it into the three strategic business units (SBU) of Kalmar Mobile Solutions, Kalmar Automation Solutions and Navis, as of 1 April 2019.

Cargotec clarified that its financial reporting structure based on its three business areas Kalmar, Hiab and MacGregor, will remain unchanged.

Also, Stefan Lampa has been appointed president of Kalmar Mobile Solutions and a member of the Cargotec executive board. Antti Kaunonen, currently president of Kalmar, has been appointed president of Kalmar Automation Solutions. He will continue as a member of the executive board.

In addition, Benoit de la Tour will continue in his current role as president of Navis. Lampa, Kaunonen and de la Tour will all report to Cargotec's CEO Mika Vehvilainen. There are no changes in Hiab and MacGregor.

Most recently, Lampa was with KUKA Robotics where he has worked as CEO. He reportedly brings experience from the world of software systems and robotics and has a proven track record of driving business transformation towards a solution provider across different markets.

As of 1 April 2019, Cargotec's executive board consists of Vehvilainen, CEO; Mikko Puolakka, EVP, CFO; Mikko Pelkonen, SVP, Human Resources; Mikael Laine, SVP, Strategy; Soili Makinen, CIO; Lampa, president, Kalmar Mobile Solutions; Kaunonen, president, Kalmar Automation Solutions; Scott Phillips, president, Hiab and Michel van Roozendaal, president, MacGregor.

According to Cargotec, this new Kalmar organisation will help it focus on the growth opportunities in port automation business, as well as drive profitable growth and customer centricity through solution sales and world class supply chain in Kalmar Mobile Solutions.

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Publication:M2 EquityBites (EQB)
Date:Mar 8, 2019
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