Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Mr. Juha Silvennoinen (MSc. in Engineering) has been appointed President, Services business line in Mining and Construction as of March 26, 2014. Juha has made a long career in ABB where he has held several executive positions in various businesses. In his last position at ABB he was responsible for Motors and Generators business unit, which employs some 16,000 people globally.
In addition to his role as President, Services business line in Mining and Construction, Juha will also be responsible for the development of Metso’s overall services business and strengthening synergies and realizing business opportunities within Metso’s services businesses. He will participate in Metso Executive Team’s meetings.
“Metso is the leading services provider for the global mining and construction industries. Services business counts for more than 50% of our net sales and we want to further develop and grow the business through stronger co-operation across our businesses. Juha will have a key role in this development”, says Matti Kähkönen, President and CEO, Metso
“We utilize our deep technological and process know-how to deliver intelligent services solutions designed to make a real and sustainable difference to our customers’ businesses over the life cycle of their equipment and processes”, he adds.
