Delvaux appointed president, CEO of Metso

Nico Delvaux

Metso Corp.’s board of directors appointed Nico Delvaux as president and CEO, effective no later than November.

Delvaux is currently senior executive vice president for Atlas Copco AB and business area president for Compressor Technique, with responsibility for the global compressed air business of the Atlas Copco Group.

“I know Metso as a company and highly respect its brand and achievements,” Delvaux says. “I really look forward to joining Metso and working together with the Metso people all over the world, as well as to moving to Finland.”

Adds Mikael Lilius, chairman of Metso’s board of directors: “This nomination is part of Metso’s successor planning and the timing is good for Metso to progress into the next development phase. I am convinced that Nico Delvaux is the right person to further accelerate value creation for Metso’s customers and shareholders, thanks to his broad international experience, leadership skills and a proven track record in developing leading businesses.

“Matti Kähkönen has been the president and CEO of Metso since March 2011, and he has under difficult market conditions led significant changes, which have built a strong foundation for Metso going forward,” Lilius adds. “This is a good moment for the board to make decisions on the CEO’s successor. We want to thank Matti Kähkönen for his very good work for the benefit of Metso and its shareholders during the past nearly 40 years. We have also agreed that he will act as a senior advisor to the board until his retirement.”