Cargotec Merges Hiab & Kalmar

Monday, August 17, 2009

Cargotec announced on 22 June 2009 of merging Hiab and Kalmar business areas. As a result of the merger, Cargotec has now formed two business areas: Marine, which comprises current MacGregor business area, and Industrial and Terminal, which comprises current Hiab and Kalmar business areas. Olli Isotalo continues to head the Marine business as Executive Vice President. Pekka Vauramo heads the Industrial and Terminal business as Senior Executive Vice President.
The new Industrial and Terminal organisation includes Product Solutions with the responsibility of global product offering competitiveness, Service Solutions with the responsibility of global service offering competitiveness, and three regional organisations with the responsibility of sales and service: Americas, Asia-Pacific and EMEA.
Cargotec has appointed three new members to its Executive Board.
Unto Ahtola (54; B.Sc. Mech. Eng.) has been appointed Executive Vice President, Product Solutions. Unto Ahtola will join Cargotec from Sandvik Mining and Construction where he has had a long career in e.g. product development, product management, sales and marketing and general management roles since 1982, currently acting as Vice President, Research & Development and Engineering. His starting date with Cargotec will be announced later.
Stefan Gleuel (43; M.Sc. Nav. Arch; M.Sc. Mgmt) has been appointed Executive Vice President, Service Solutions as of 1 October 2009. Stefan Gleuel has worked for Cargotec for over ten years, currently as Senior Vice President, MacGregor Service Division.
Ken Loh (45; B.Sc. Mech. Eng.) has been appointed Executive Vice President, Asia-Pacific as of 1 October 2009. Ken Loh has worked for Cargotec since 1989, currently as President, Kalmar APAC Region.

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