Ahlstrom Corporation STOCK EXCHANGE RELEASE November 19, 2015 at 12.45
Ahlstrom further simplifies its business structure to increase market and customer focus and announces changes in the executive management team
Ahlstrom will further simplify its business structure for faster execution and leaner alignment of operations. The new structure will be effective as of January 1, 2016.
Ahlstrom's business structure will be organized into two business areas: Filtration & Performance and Specialties. The Filtration & Performance business area will include the engine and industrial filtration, industrial nonwovens, wallcoverings, building and wind businesses. The Specialties business area will consist of food packaging, masking tape, medical and advanced filtration businesses. The business areas will have responsibility for sales and market development, technical and customer service, product development and operations.
"The changes in operational and management structure will bring further focus in serving our customers and markets. I am confident that the streamlined business model will bring further efficiency and clarity to all of our operations", states Marco Levi, President & CEO.
Composition of the Executive Management Team
As a result of the new business structure the following appointments have been made: Fulvio Capussotti has been appointed EVP, Filtration & Performance, Omar Hoek EVP, Specialties and Jari Koikkalainen EVP, Procurement & Commercial Excellence.
The executive management team members Sakari Ahdekivi, CFO, Ulla Bono, EVP, Legal and General Counsel and Päivi Leskinen EVP, Human Resources, will continue in their current positions.
The appointments will be effective as of January 1, 2016. All EMT members will report to Marco Levi, President & CEO.
Changes in segment reporting
Ahlstrom's two business areas Filtration & Performance and Specialties will form the new financial reporting segments of the company. The changes are effective as of January 1, 2016. The company plans to publish restated financial segment information before publishing its January-March 2016 interim report on April 28, 2016.
For more information, please contact:
President & CEO
Tel. +358 10 888 4700
Tel. +358 10 888 4738
Ahlstrom in brief
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 2014, Ahlstrom's net sales amounted to EUR 1 billion. Our 3,400 employees serve customers in 22 countries. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.