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As part of its strategy to drive future growth, Konecranes has made significant changes to its leadership team and operating model.
Starting Jan. 1, 2025, the company will reorganize its structure into three distinct Business Areas: Industrial Service, Industrial Equipment and Port Solutions, replacing the current two-area model. This reorganization will accelerate growth, improve operational efficiency and enhance profitability. The change will not impact the company’s financial reporting structure.
As part of the leadership changes, Tomas Myntti will assume the role of Business Area President of Port Solutions, replacing Juha Pankakoski. Fabio Fiorino will take on the position of Business Area President of Industrial Service, while Marko Tulokas will lead as Business Area President of Industrial Equipment. These appointments reflect Konecranes' focus on fostering streamlined decision-making and achieving long-term strategic goals.
“For over two years, we have successfully managed the Industrial Service and Equipment Business Area as one unified entity. This has allowed us to effectively simplify our Industrial go-to-market model and harmonize our product offering, and we feel that we have largely reached the benefits we were seeking when combining the businesses,” Anders Svensson, president and CEO, said.
“As we expect our business to grow, we want to ensure that we have the right operating model in place to support our growth ambitions especially in Industrial Service. Despite the change, our common frontlines and customer focus will remain steadfast. I am confident that this change will accelerate our decision-making and position us better to achieve our long-term ambitions,” he said.
“These strategic appointments reflect our commitment to shape the next generation of material handling for a smarter, safer and better world,” Svensson continued.
“After successfully heading the Industrial Service and Equipment business for two-and-a-half-years, Fabio Fiorino can now fully focus on delivering Service growth. Tomas Myntti and Marko Tulokas are both valued leaders with extensive industry, profit and loss management and commercial experience. I wish Tomas, Marko and Fabio great success in their new roles,” Svensson said.
