Monday, 18 December 2017 08:13

President and CEO Nico Delvaux to assume CEO position outside Metso

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Metso's President and CEO Nico Delvaux has decided to resign and assume the position of President and CEO of ASSA ABLOY AB. He will leave his duties in Metso on June 18, 2018, at the latest.

metso logo new one"The Board of Directors is obviously disappointed that Nico has decided to leave Metso. However, the business plans and organizational changes that have been decided during the fall have the Board's full support and everybody in Metso will focus on executing these plans going forward. The Board will initiate a search for a new President and CEO," says Mikael Lilius, Chairman of Metso's Board of Directors.

"I was offered a once-in-a-lifetime opportunity that I could not turn down," says Nico Delvaux. "I have enjoyed my time at Metso and I'm grateful for the Board and all the Metso people for the opportunity to work with them over the past months. Based on my experience, I'm confident that Metso has significant potential to drive profitable growth in line with its strategy."

Metso is a world leading industrial company serving the mining, aggregates, recycling, oil, gas, pulp, paper and process industries. We help our customers improve their operational efficiency, reduce risks and increase profitability by using our unique knowledge, experienced people and innovative solutions to build new, sustainable ways of growing together.

Our products range from mining and aggregates processing equipment and systems to industrial valves and controls. Our customers are supported by a broad scope of services and a global network of over 80 service centers and about 6,000 services professionals. Metso has an uncompromising attitude towards safety.

Metso is listed on the Nasdaq Helsinki in Finland, and had sales of about EUR 2.6 billion in 2016. Metso employs over 11,000 people in more than 50 countries. Expect results.

Further information, please contact:

Mikael Lilius, Chairman of the Board of Directors, tel. +358 20 484 3001

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