Neles to accelerate its strategy implementation

Neles Corporation has decided on a new operating model and organization, effective from the first week of February. The new organization is designed to accelerate strategy implementation by strengthening Neles’ long-term offering development and diversification to new customer industries. The other main objective of the change is to better align Neles’ organization and processes with the specific requirements of customer segments. Neles’ new business lines will be Projects; MRO and Service; Valve Controls and Actuators.

A new global function, Products, and Solutions will focus on developing and implementing industry-specific strategies and offerings, including product management, and R&D.

Neles’ operating model also continues to include global operations, corporate functions, and four market areas.

Tuomo Paukkula has been appointed as Head of the Projects business line and a member of Neles’ executive management team as of February 7, 2022. He is currently VP, Project Business at Neles. Tuomo Paukkula’s CV is attached to this release.

Other members of the executive management team remain unchanged with few changes in individual roles: Sami Nousiainen, MRO and Service; Kalle Suurpää, Valve Controls, and Actuators; Jon Jested-Rask, Products, and Solutions; Kevin Tinsley, Global Operations; Timo Hänninen, EMEIA market area; Patrick Dunn, North America; Fabio Maia; South America, Tan HangPheng, APAC; Elisa Erkkilä, Legal and Compliance; Hanne Peltola, Human Resources; and Kaisa Voutilainen, Communications, and Marketing.

All executive management team members will report to Neles’ Interim President and CEO Simo Sääskilahti. The change does not impact Neles’ financial reporting.

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