DIGITALIZATION: FLSmidth to concentrate on mining, cement

COPENHAGEN – Effective from 1 July 2018, FLSmidth is reorganizing the company to concentrate on two industries – mining and cement. The changes will be supported by a regional setup to strengthen customer focus and life cycle solutions combined with a new central digital organization. Building on its unique business model of projects, products and services, FLSmidth will realign reduce the number of its divisions from four to two. At the same time a reorganization will take place into an agile regional structure rather than by country. Sales and service will be decentralised in seven regions, while ownership for the full life cycle offering will be anchored in the two industries. The changes will enforce a productivity driven organisation with a strong, unified digital approach. At the same time, it will strengthen FLSmidth's local presence, customer-orientation, and life-cycle offering in order to further capture growth. The two industry centres – mining and cement – will be arranged into seven regions: North America, South American, Europe, Russia and North Africa, Sub-Saharan Africa and the Middle East, Asia, Subcontinental India, and Australia. With this arrangement, FLSmidth can have an enhance, unified approach to digitalization. As of 1 July 2018, group executive management will consist of Thomas Schulz (Group CEO), Lars Vestergaard (Group CFO), Manfred Schaffer (mining president), Jan Kjaersgaard (cement president), and Mikael Lindholm (chief digital officer). Read FLSmidth’s latest magazine for the mining industry at http://flsmidthminerals.com/.