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.
Eeva Sipilä, M.Sc. (Econ.), CEFA, has been appointed Metso’s Chief Financial Officer (CFO) starting August 1, 2016. Eeva Sipilä will be a member of Metso’s Executive Team and will report to Matti Kähkönen, President and CEO. She joins Metso from Cargotec Corporation, where she has worked as Executive Vice President and CFO.
Metso’s current CFO Harri Nikunen will continue in his role until the end of July, after which he will take on new responsibilities within the company.
“We are delighted to welcome Eeva Sipilä to Metso. With her extensive experience at a leading global industrial company, she will bring valuable insight and financial knowledge to Metso. Harri Nikunen will transition to a new role within the company, as part of normal successor planning and job rotation,” says Matti Kähkönen.
Eeva Sipilä has been a member of Metso’s Board of Directors since 2012.
Metso is the world’s leading industrial company in the mining and aggregates industries and in the flow control business. Our knowledge, people and solutions help drive sustainable improvements in performance and profitability in our customers’ businesses.
Metso has an uncompromising attitude towards safety. Our products range from mining and construction equipment and systems to industrial valves and controls. Our solutions are delivered and supported by decades of process knowledge and a broad scope of services backed by a global footprint of over 90 service centers, thousands of service employees, and an extensive logistics network.
Metso is listed on the NASDAQ OMX Helsinki, Finland. In 2014, Metso’s net sales totaled EUR 3.7 billion. Metso employs approximately 13,000 industry experts in more than 50 countries. Expect results.
www.metso.com , www.twitter.com/metsogroup
