Inside information:
The planned operating model builds on many of
The role of global functions will be to ensure a common direction and the strategic development of
"Rapidly changing environments provide great opportunities to further strengthen both our market position and differentiation. Market developments over the coming years are expected to differ significantly across geographic Areas. With a simpler operating model, strengthened accountability, combined with our leading product and services platforms, we aim to improve our growth and profitability. By speeding up the execution of our strategy we can further increase the value we create for our customers", says
Planned organizational structure and composition of the Executive Board under the new operating model
The proposed new structure is planned to be effective on
- Geographic Areas:
Greater China , led byJoe Bao Asia-Pacific ,Middle East andAfrica , led bySamer Halabi Europe , led byKarla Lindahl . Current Areas of Central andNorth Europe andSouth Europe and Mediterranean are planned to be combined to formEurope Americas , led byKen Schmid
- Global functions:
- Finance, led by
Ilkka Hara People & Communications , led bySusanne Skippari - Legal, led by Johannes Frände
-
Commercial & Operations, led by
Hugues Delval . This new global function would bring together the competence of our global business lines (new equipment, modernization, and maintenance), marketing and brand, and field operations development, to strengthen lifecycle thinking and work closer together, while continuing to address the distinct characteristics of our businesses - Strategy & Transformation, led by Axel Berkling. This new function would ensure a common direction and the right strategic priorities
-
Supply Chain, led by
Mikko Korte . As a new function, Supply Chain would be accountable for manufacturing, sourcing, logistics, and for ensuring the most competitive and resilient supply chain in the industry -
Technology & Innovation, led by
Tomio Pihkala . Technology & Innovation would continue to driveKONE 's innovation, execute on the R&D roadmaps and ensure competitive IT systems
- Finance, led by
The current Executive Board remains in place and continues to lead through the transition until
Tricia Weener , who leads theMarketing & Communications function in the current organization, andMaciej Kranz , who leadsKONE 's current Technology & Innovation function.
"I would like to extend my gratitude to the great contributions of Tricia and Maciej. They have both successfully driven significant changes that have advanced our strategy to expand the scope of business with our customers, as well as embed sustainability in all our offering and operations.
Since Tricia joined
Maciej has significantly strengthened our People Flow vision by embedding digital solutions as part of our core offering. Today,
I wish them both the best of luck in their next endeavors."
These planned changes will be reflected across the rest of the organization, and the plans for the new structure and operating model will form during the coming months. Design work and consultation processes will commence in those units, where applicable.
Initial estimates are that the planned measures could result in the reduction of approximately 1,000 jobs globally, of which 150 are expected to be in
Note: Proposed organizational changes referenced in this release may be subject to consultations with employee representatives in certain jurisdictions and are not final until such processes are completed.
For further information, please contact:
Sender:
President and CEO
Executive Vice President, Human Resources
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