Ponsse Plc, press release at 5:30 pm, April 3, 2024

The planning of Ponsse’s new operating model and the related cooperation negotiations have been completed in Finland. The new global operating model will enter into force on 1 June 2024.

A shift to a global organisational structure and reporting lines is a key part of the new operating model. This renewal ensures even better customer service, strengthens competitiveness, increases cost effectiveness, and improves operational efficiency through shared practices.

The new operating model enables a customer-driven organisation focused on sales and maintenance services, divided into five market areas. From 1 June 2024, the company’s market areas will be: 1) Nordic countries and the Baltics; 2) Europe; 3) South America; 4) North America; and 5) Asia, Australia and Africa.

The changes related to the new operating model are led by Ponsse Group’s Leadership Team which will continue with its current members under President and CEO Juho Nummela. Members of the leadership team and their areas of responsibilities:

• Petri Härkönen, Chief Financial Officer and Deputy CEO: Finance
• Juha Inberg, Chief R&D and Technology Officer: Technology and R&D
• Tiina Kautonen, Chief People & Safety Officer: People, Safety and Culture
• Marko Mattila, Chief Sales, Service & Marketing Officer: Sales, Service and Marketing
• Tapio Mertanen, Chief Service Excellence and Development Officer: Service Excellence
• Katja Paananen, Chief Responsibility Officer: Responsibility
• Miika Soininen, Chief Digital Officer: Digital Services and IT
• Tommi Väänänen, Chief Operations Officer: Operations (incl. supply chain, production, procurement and global logistics)
   

Negotiations have been completed

The updated operating model and related changes in positions and employment terms were discussed during the recently completed cooperation negotiations in Finland, as well as in various consultation processes with employee representatives in Ponsse’s country organisations, where necessary. These processes have now been completed.

As a result of the updated operating model, part of the company’s current positions will cease to exist, and new positions will be established. Resourcing processes for the new positions will be started next week. Potential impact on the personnel will be known in May when the number of employees, who have found new role inside of the organisation is known. Additionally, it was negotiated and agreed a possibility for a two-week layoff during 2024 applied to salaried and senior salaried employees in Finland if operating environment so requires.

Vieremä, 3 April 2024 

PONSSE PLC
Juho Nummela
President and CEO

FURTHER INFORMATION
Juho Nummela, President and CEO, tel. +358 400 495 690

Ponsse Plc specialises in the sale, production, maintenance and technology of cut-to-length method forest machines and is driven by a genuine interest in its customers and their business operations. Ponsse develops and manufactures sustainable and innovative harvesting solutions based on customer needs.

The company was established by forest machine entrepreneur Einari Vidgrén in 1970 and has been a leader in timber harvesting solutions based on the cut-to-length method ever since. Ponsse is headquartered in Vieremä, Finland. The company’s shares are quoted on the NASDAQ OMX Nordic List.