Metso CEO to resign

By |  December 18, 2017

Nico Delvaux

Nico Delvaux, president and CEO of Metso, plans to resign and assume a CEO position outside the company.

Delvaux, who was appointed as president and CEO of Metso earlier this year, will assume the position of president and CEO at Assa Abloy. He will leave Metso on June 18, 2018, at the latest.

“I was offered a once-in-a-lifetime opportunity that I could not turn down,” Delvaux says. “I have enjoyed my time at Metso, and I’m grateful for the board and all the Metso people for the opportunity to work with them over the past months. Based on my experience, I’m confident that Metso has significant potential to drive profitable growth in line with its strategy.”

Mikael Lilius, chairman of Metso’s board of directors, issued a comment upon the company making this announcement.

“The board of directors is obviously disappointed that Nico has decided to leave Metso,” Lilius says. “However, the business plans and organizational changes that have been decided during the fall have the board’s full support, and everybody in Metso will focus on executing these plans going forward. The board will initiate a search for a new president and CEO.”

About the Author:

Kevin Yanik is the editor-in-chief of Pit & Quarry magazine. Yanik can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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