Cargotec CEO Mika Vehviläinen to retire in 2023

Cargotec CEO Mika Vehviläinen has informed Cargotec’s board of directors of his intention to retire from Cargotec during 2023, in accordance with the terms of his CEO service contract. The board has initiated a search for a successor. “It has been both a privilege and a pleasure to lead the transformation of Cargotec together with […]

20/12/2022 - 13:12 pm

Strong performance continues in Cargotec’s core businesses

Cargotec’s interim report from July to September 2022 showed an all time high comparable operating profit and increased orders in all business areas. The company anticipates that supply chain challenges and market uncertainties will continue. Orders received increased by 16% and totalled 1147 million euros and the order book amounted to 3732 million euros at […]

26/10/2022 - 13:04 pm

Changes to Konecranes leadership

Konecranes president and CEO Rob Smith has decided to leave the company. He will leave Konecranes on 31 December 2021. The company’s CFO, Teo Ottola, who also serves as deputy CEO, will be acting as the interim CEO from 1 January 2022 until the completion of the planned merger between Konecranes and Cargotec Corporation (the […]

06/08/2021 - 07:31 am

Konecranes and Cargotec to merge                        

Cargotec and Konecranes have announced that they have signed an agreement and a merger plan to combine the two companies. It is anticipated that the merged companies will be well positioned to lead the industry shift towards increased sustainability based on intelligent solutions, by being a lifecycle partner for its customers and prioritising safety in […]

12/10/2020 - 22:06 pm

New Issue

LHI November/December 2022

In this month's issue