Responsibility for the control and management of Valmet is divided between the general meeting of shareholders, the Board of Directors and the President and Chief Executive Officer (CEO). Shareholders participate in the control and management of Valmet through resolutions passed at general meetings of shareholders.
Valmet’s Board of Directors and the President and CEO will be responsible for the management of Valmet. Valmet’s Board of Directors will seek to ensure that good corporate governance practice is applied within Valmet.
The President and CEO appointed by the Board of Directors of Valmet is responsible for the management and supervision of Valmet’s day-to-day business. Other executives will have an assisting and supporting role.
Valmet’s operating model consists of four business lines, five areas, and four support functions. The business lines are Services, Pulp and Energy, Paper and Automation; and the geographical areas are North America, South America, EMEA (Europe, Middle-East and Africa), China and Asia-Pacific. The four main support functions are Finance, Strategy and Operational Development, HR, and Communications and Marketing.