Effective January 1, 2025, Konecranes will restructure its business divisions and expand its leadership team.
Konecranes said that it will separate its industrial service and equipment division into two separate areas, which will run alongside its port solutions arm. According to the company, the new structure aims at enhancing growth, accelerating efficiency and continued profitability improvement.
Konecranes combined its industrial service and equipment areas into one business area under the same leadership in 2022. Since then, the company’s industrial business model has been simplified and harmonised.
“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,” said Anders Svensson, president and ceo of Konecranes.
The restructuring comes with new leadership appointments. As of October 14, 2024, Tomas Myntti, currently senior vice president, industrial service and equipment, region EMEA, has been appointed as business area president, port solutions and a member of the Konecranes leadership team. He will replace Juha Pankakoski, executive vice president, business area port solutions, who will leave Konecranes.
Myntti joined Konecranes in 2008 and has held since then various leadership positions in service and equipment businesses. In his new role, he will focus on strengthening collaboration, driving profitable project execution, enhancing port service growth and developing Konecranes’ port solutions business overall.
Fabio Fiorino, currently executive vice-president, industrial service and equipment, is appointed as business area president, industrial service, as of January 1, 2025. He continues as a member of the Konecranes leadership team. Before his current role, Fiorino led Konecranes’ industrial service business.
Marko Tulokas, currently senior vice president, business unit standard equipment, is appointed as business area president, industrial equipment, and a member of the Konecranes leadership team as of January 1, 2025. In his new role, he will lead the industrial equipment business.
Tulokas joined Konecranes in 2004 and has held various leadership positions mainly in the equipment business, but also in service. He has most recently led go-to-market model simplification and product portfolio harmonisation, while heading the business unit standard equipment.
