Cavotec SA's strategic plan and new organisational structure — based on two distinct Business Units (BU), Ports & Maritime and Airports and Industry — has entered into effect.
The Ports and Maritime BU will be headed by Gustavo Miller, former Cavotec APAC/AMER COO, who has been nominated as BU COO for the unit, with the Airports and Industry BU headed by Juergen Strommer, former EMEA COO, who has been nominated as BU COO for the unit.
Both BUs will be supported by Patrick Rosenwald, Cavotec's CTO and newly appointed Supply Chain COO, as well as other members of senior management. This includes Kristiina Leppanen, CFO and IR, Ester Cadau, CHRO, Yann Duclot, CMSO, and Giorgio Lingiardi, CIO.
Ottonel Popesco, Cavotec CEO, said: “With the Strategic Plan to guide us, we will be able to focus on our strengths more effectively, and continue building acompany ready to meet future goals within the next five years.”
Popesco has shared his insights with PTI about the increase in ship size creating logistical, operational, and environmental problems:
Cavotec's 2021 goal is to become a EUR 500 million global company, with EBIT of more than 12%.
The company will focus on completing its transformation from an engineering and manufacturing company to a global system and solutions provider — a leading partner, trusted for its world wide operational and innovation excellence, thereby realising sustainable growth and creating shareholder value.