Konecranes Appoints Juha Pankakoski as CDO
Juha Pankakoski (47) has been appointed Chief Digital Officer of Konecranes Plc. He will be responsible for all Information Systems and the overall Process Architecture of Konecranes. He will also assume a wider responsibility for the company’s digitalization strategy. Mr. Pankakoski will be a member of the Konecranes Group Executive Board and will report to Pekka Lundmark, President & CEO. Mr. Pankakoski will start in his new position on January 1, 2015. Juha Pankakoski has worked at Konecranes since 2004 and is currently holding a position of Vice President, Head of Business Unit Parts. He has previously held several management positions in operations and business development at Konecranes. Juha Pankakoski has a M.Sc.(Eng) degree and an eMBA.
Konecranes Appoints Flynn as Executive VP
Ryan Flynn is returning to Konecranes Plc and he has been appointed Executive Vice President and Head of Business Area Equipment. Flynn will be a member of the Konecranes Group Executive Board and will report to Pekka Lundmark, President & CEO. Flynn will start in his new position on June 1, 2014. Ryan Flynn has held the position of Vice President, Strategy & Business Development at BlueScope Steel, Global Building Solutions since 2013. In 2005-2013, Flynn worked at Konecranes Plc as the Senior Vice President…
Konecranes Starts Statutory Negotiations In Finland
As stated in the stock exchange release published on July 24, 2013, Konecranes starts new measures to reduce the company’s annual cost base by €30 million by the end of 2014. Konecranes will start statutory negotiations in Finland regarding possible temporary and permanent layoffs. It is estimated that the possible permanent personnel reductions in Finland will affect, at most, 90 employees. The reductions in personnel will be made through permanent reductions and early retirements, and by reducing the use of hired personnel and temporary employees. The statutory negotiations will affect all personnel at Konecranes Plc, Konecranes Finland Oy and Konecranes Service Oy in Finland.
Konecranes Look Back on a Good Year
Konecranes PLC issues its Q4 and full year 2012 financial statement and bulletin. I am pleased with many aspects of our performance in 2012. In a marketplace where uncertainty and customers' hesitation to make decisions has become the new norm, a 14 percent growth in sales to a new record level of EUR 2,170 million was a good achievement. Operating profit before restructuring costs rose by 18 percent to EUR 138 million and earnings per share 32 percent to EUR 1.46. Cash flow was strong, reducing our gearing to below 40 percent. All in all, 2012 was a good year, but we aim higher. A year ago, we decided that our service business should prioritize profitability over growth in the short term.
Konecranes Appoints CFO
Teo Ottola (MSc) has been appointed Chief Financial Officer (CFO) at Konecranes Plc. His areas of responsibility will be business control, accounting, financing and investor relations. The present CFO, Teuvo Rintamäki, announced his resignation in February 2007, but he will continue as CFO until Mr Ottola has settled in to his new position. Mr Ottola will be a member of the Konecranes Group Executive Board and will report to Pekka Lundmark, President & CEO. Mr Ottola will start in his new position on August 20 2007.
