Glaston Corporation has announced a plan to reorganize its current structure to better serve its customers in the architectural, automotive, display and solar glass processing markets. While enhancing the customer experience, Glaston aims to accelerate the implementation of its strategy for the period 2021−2025. Glaston’s strategic financial and non-financial targets are not changed. The new organization is planned to come into effect on October 1, 2023.
In the new structure, Glaston plans to have two Business Areas (BA) that are formed according to its customers’ end-use segments: Architecture and Mobility, Display & Solar.
- The Architecture BA consists of current Heat Treatment Flat Laminating and Flat Tempering technologies and Insulating Glass technologies as three Business Lines
- The Mobility, Display & Solar BA consists of the current Automotive & Display pre-processing technologies and Heat Treatment technologies for the automotive, display and solar glass markets as two Business Lines
The production of Glaston technologies continues in the current locations: Tampere in Finland, Neuhausen in Germany, Bützberg in Switzerland and Tianjin in China.
In addition, new global Business functions Automation & Innovation, and Sourcing & Supply Chain Management (SCM) are planned to be created. Sales and Services will continue as global functions working together with the Business Areas.
The new structure will add focus and resources in accelerating lifecycle revenue growth and dedication in Services offering development within the Business Areas.
The new Business functions Automation & Innovation and Sourcing & Supply Chain Management (SCM) focus on improving scalability and efficiency of Glaston’s business processes as well as speeding up time-to-market of development projects.
The ongoing execution of the strategic Must-wins continues, with more focus on the Group-wide Cornerstone initiatives contributing to Glaston-wide operational excellence.
The planned structural changes are based on Glaston’s strategic growth plan and are not expected to include headcount reductions. The reorganization is a tool to tap into the efficiency potential that is expected to accelerate profitability improvement towards the 10 percent comparable EBITA margin target by 2025.
Changes in the Executive Management Group
In connection with the planned organizational changes, the following appointments to the Executive Management Group have been made:
Miika Äppelqvist, currently SVP Heat Treatment Technologies, is appointed SVP Architecture. Miika Äppelqvist will relocate to Neuhausen, Germany from Finland.
Robert Prange, currently SVP Automotive & Display Technologies, is appointed SVP Automation & SCM leading the new Business functions Automation & Innovation and Sourcing & Supply Chain Management.
The recruitment of the SVP for the BA Mobility, Display & Solar is currently ongoing.
Glaston and Dietmar Walz, currently SVP Insulating Glass Technologies, have together agreed that Mr. Walz will leave the Group to seek new opportunities outside Glaston as of October 1, 2023.
All appointments are effective as of October 1, 2023. As of the same date, Glaston’s Executive Management Group will constitute of:
• Anders Dahlblom, President & CEO
• Sasu Koivumäki, Chief Sales Officer, Deputy to CEO
• Miika Äppelqvist, SVP Architecture
• N.N., SVP Mobility, Display & Solar (ongoing recruitment)
• Robert Prange, SVP Automation & SCM
• Artturi Mäki, SVP Services
• Päivi Lindqvist, Chief Financial Officer
• Kaisa Latva, General Counsel
• Riikka Laitasalo, SVP People and Culture (starting 1 August 2023)
Anders Dahlblom, Glaston’s President and CEO, said, “We have made good progress on our journey toward reaching the 2025 strategic targets. With these changes in our organization, we will accelerate the strategy implementation by adding focus to areas where we expect to reach additional efficiencies in operational excellence. Also, an important aspect is enhancing customer experience.
“Supported by our new ways of working we will serve customers in architecture, mobility, solar and display glass processing as a unified Glaston. Innovating together with customers continues and moving forward we expect to speed up the time-to-market of innovations. I’m confident that we will be an even stronger team for the second half of our 2021−2025 strategy journey.”
The Business Areas including the respective Services business will form the company’s reporting segments. Glaston’s financial reporting will be adjusted to reflect the new organizational structure as of the fourth quarter of 2023. Comparable financial figures will be disclosed prior to the publication of the full-year 2023 financial report.