Finnish Ahlstrom simplifies its business structure

Finnish Ahlstrom simplifies its business structure

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 split 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.

For the new business structure the following executive 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.

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.

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. Its materials are employed 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 3400 employees serve customers in 22 countries.

www.ahlstrom.com


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