Konecranes has announced changes to its operational model to complement its strategic implementation and expansion plans.
Starting 1 January 2025, the firm will have three Business Areas: Industrial Service, Industrial Equipment, and Port Solutions.
The new operating model intends to boost growth, increase efficiency, and sustain profitability improvement. The transition will have no impact on Konecranes’ financial reporting because the three Business Areas are now independent reporting segments, reported the company.
Anders Svensson, President and CEO of Konecranes, said: “As we expect our business to grow, we want to ensure that we have the right operating model in place to support our growth ambitions, especially in Industrial Service.
“Despite the change, our common frontlines and customer focus will remain steadfast. I am confident that this change will accelerate our decision-making and position us better to achieve our long-term ambitions.”
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Tomas Myntti, presently Senior Vice President, Industrial Service and Equipment, Region EMEA, has been named Business Area President, Port Solutions, and a member of the Konecranes Leadership Team, effective 14 October 2024.
He will succeed Juha Pankakoski, EVP, Business Area Port Solutions, who is leaving Konecranes, as previously reported.
In his new job, Myntti will concentrate on improving cooperation, driving profitable project execution, increasing port service growth, and expanding Konecranes’ Port Solutions company overall.
Fabio Fiorino, currently Executive Vice President, Industrial Service and Equipment, is appointed as Business Area President, Industrial Service, as of 1 January 2025. He continues as a member of the Konecranes Leadership Team. Before his current role, Fiorino led Konecranes’ Industrial Service business.
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Marko Tulokas, now Senior Vice President, Business Unit Standard Equipment, is named Business Area President, Industrial Equipment, and a member of the Konecranes Leadership Team, effective 1 January 2025.
In his new job, Tulokas will be responsible for leading the Industrial Equipment business, increasing operational efficiency, and maintaining the strong partnership between the Industrial Service and Industrial Equipment companies.
He most recently oversaw go-to-market model simplification and product portfolio harmonisation while leading the Business Unit Standard Equipment.
Anders Svensson added: “After successfully heading the Industrial Service and Equipment business for 2.5 years, Fabio Fiorino can now fully focus on delivering Service growth.
“Tomas Myntti and Marko Tulokas are both valued leaders with extensive industry, profit and loss management and commercial experience. I wish Tomas, Marko and Fabio great success in their new roles.”
