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Cavotec’s strategic plan enters into effect

08:30 / 2 January 2017 Cavotec Press release

Cavotec SA
Company Announcement

Cavotec’s strategic plan enters into effect

CavotecSA’s previously announced strategic plan and new organisational
structure –basedontwodistinctBusinessUnits (BU),
Ports&MaritimeandAirports&Industry – entered into effect on January 1, 2017. 

The new structurewillalso form the basis of the
company’sfinancialreportinggoing forward,inlinewithIFRSrequirements. 

  -- The Ports & Maritime BU will be headed by Gustavo Miller, former Cavotec
     APAC/AMER COO, who has been nominated as BU COO for the unit, with full
     Profit & Loss (P&L) responsibility.
  -- The Airports & Industry BU will be headed by Juergen Strommer, former EMEA
     COO, who has been nominated as BU COO for the unit, with full P&L

Internally, both BUs will be supported by the newly nominated Supply Chain COO,
Patrick Rosenwald, (already Cavotec CTO), as well as the other members of the
Senior Management Team, comprising Kristiina Leppanen, (CFO & IR), Ester Cadau,
(CHRO), Yann Duclot, (CMSO), and Giorgio Lingiardi, (CIO). 

“With the Strategic Plan to guide us, we will be able to focus on our strengths
more effectively, and continue building a company ready to meet future goals
within the next five years,” says Ottonel Popesco, Cavotec CEO. 

Cavotec’sstated goalto 2021 istobecome aEUR 500 millionglobalcompany,
withEBITof more than 12 per cent. 

Cavotec willfocusoncompleting its transformationfroman engineering and
manufacturing companytoaglobalsystemandsolutionsprovider – aleadingpartner,
trustedforitsworldwideoperationalandinnovationexcellence, thereby


Mediacontact: JuliaWeinhart
GroupManager, CorporateCommunications&PR
julia.weinhart@cavotec.comor +41 795 36 10 10

and Airports&Industry sectors. TofindoutmoreaboutCavotec, 

The information in this release is subject to the disclosure requirements of
Cavotec SA under the Swedish Securities Market Act and/or the Swedish Financial
Instruments Trading Act. This information was publicly communicated on January
2, 2017, 08:30 CET.

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