Industria
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 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.
The following appointments in the Executive Management Team of Ahlstrom have been made:
All EMT members will report to Marco Levi, President & CEO.
"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.
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.
Liisa Nyyssönen VP Communications Tel: +358 10 888 4757
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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