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Elcoteq Reorganizing in 2008
December 26, 2007 |Estimated reading time: 1 minute
ESPOO, Finland; RICHARDSON, Texas; and HONG KONG Elcoteq SE will streamline and simplify its organization, effective January 1, 2008. The reorganization is part of the EMS provider's action plan announced in October 2007. The resulting structure should improve the company's ability to respond to customer needs, clarify responsibilities, speed up decision making, and improve Elcoteq's cost structure.
The new organization consists of "Group" functions and three business areas that operate as profit centers, namely personal communications, home communications, and communications networks. Group functions will support the business areas by ensuring that the operating model is globally consistent and that synergies between the business areas are exploited. The business areas will be responsible for their own customer accounts and operations related to these as well as supply chain management, and will continue to develop their businesses and service offering in their own business area.
As of January 1, 2008, the Elcoteq management team (EMT) will comprise the following persons: Jouni Hartikainen, president and CEO; Jukka Jäämaa, chief operating officer (COO) and deputy CEO; and Mikko Puolakka, chief financial officer (CFO). The EMT also will include the Grop presidents: Anssi Korhonen, personal communications; Vesa Keränen, home communications; and Tommi Pettersson, communications networks.
All EMT members will report to Hartikainen. Jukka Jäämaa will be responsible for group-level operations, sourcing, human resources, and quality and processes. Mikko Puolakka will oversee group-level business control and accounting, treasury and investor relations, corporate responsibility and corporate relations, and risk management and security.
Legal affairs, corporate development, and marketing and communications also will report to Hartikainen. As of January 1, 2008, Elcoteq will not have a separate management conference.
For more information, visit www.elcoteq.com.