Konecranes has decided to revise its operating model to support the deployment of its strategy and growth objectives, while also updating the Leadership Team.
Starting 1 January 2025, the company will be organized into three Business Areas: Industrial Service, Industrial Equipment, and Port Solutions. This is a change from the current structure of two Business Areas: Industrial Service and Equipment, and Port Solutions.
The new model is designed to drive growth, boost efficiency, and improve profitability. However, the change will not affect Konecranes’ financial reporting, as these three Business Areas already operate as separate reporting segments.
Konecranes previously merged Industrial Service and Equipment into a single Business Area in 2022 under unified leadership, which simplified and harmonized the company’s industrial operations.
Effective 14 October 2024, Tomas Myntti, currently Senior Vice President of Industrial Service and Equipment for Region EMEA, will take on the role of Business Area President for Port Solutions and will join the Konecranes Leadership Team. He will replace Juha Pankakoski, EVP of Port Solutions, who is departing the company.
Myntti, who joined Konecranes in 2008, has held several leadership roles across both the service and equipment sectors. In his new position, he will focus on enhancing collaboration, driving profitable project execution, growing port services, and advancing Konecranes’ Port Solutions business overall.
As of 1 January 2025, Fabio Fiorino, currently Executive Vice President of Industrial Service and Equipment, will assume the role of Business Area President for Industrial Service, continuing his role on the Leadership Team. Before his current position, Fiorino led Konecranes’ Industrial Service division.
Marko Tulokas, currently Senior Vice President of the Business Unit Standard Equipment, will become Business Area President of Industrial Equipment and will join the Leadership Team on 1 January 2025.
Since joining Konecranes in 2004, Tulokas has held several leadership roles primarily within the equipment sector, but also in service. Most recently, he has led initiatives to streamline the go-to-market model and harmonize the product portfolio in his role as head of Standard Equipment. In his new role, Tulokas will focus on driving operational efficiency and further strengthening the collaboration between the Industrial Service and Industrial Equipment divisions.
