Vacon Plc is reshaping its Executive Management Team and re-allocating responsibilities. The main objectives of the changes are to streamline the Group's management model, clarify the reporting hierarchy within the global organization, and raise efficiency.
In the new model for allocating responsibility, Vacon's operations are divided into three main areas, namely Market Operations, Product Operations and Support Functions. Market Operations include sales, marketing, product marketing and customer and maintenance services. Product Operations comprise research, product development and product management, as well as production, materials sourcing, logistics and product support. Support Functions include human resources, finance and legal, ICT, corporate communications and investor relations. Vacon will reorganize its global operations during the first quarter of 2012 to bring them in line with the new allocation of responsibilities within the Executive Management Team.
As from 5 January 2012, the members of the Vacon Executive Management Team are: President and CEO Vesa Laisi; Heikki Hiltunen, Executive Vice President, Market Operations; Jukka Kasi, Executive Vice President, Product Operations; Tuula Hautamäki, Senior Vice President, Human Resources; and Eriikka Söderström, Chief Financial Officer. President and CEO Vesa Laisi is chairman of the Executive Management Team and the secretary is Sebastian Linko, Director, Corporate Communications and Investor Relations. Heikki Hiltunen is deputy to the president and CEO.
- "It is time for Vacon to take the next step in developing its global presence. We are renewing our organization to bring it in line with the company's strategy. Our goal is to build an organization that is clear and coherent and with which we can achieve our targets for 2014", says President and CEO Vesa Laisi.
Jari Koskinen (Vice President, Global Production Operations) and Timo Kasi (Vice President, R&D), who were previously members of the Executive Management Team, continue in the company's service, working in Product Operations, headed up by Jukka Kasi, and remain in charge of their own areas of responsibility during the transition phase.Jari Koskinen will be on study leave to write his doctoral thesis as from 1 March 2012.