Outokumpu's Corporate Management consists of the Chief Executive Officer, members of the Group Executive Committee, and managers and experts who assist the CEO and the Group Executive Committee members.
Group Management
The task of Corporate Management is to manage the Group as a whole, and its duties include coordination and execution work in the areas of strategy and planning, business development, financial control, internal audit, human resources, environment, health and safety, communications and investor relations, legal affairs as well as treasury and risk management. In addition to the Corporate Management tasks, Outokumpu’s functional steering across the businesses has been organized into Sales and Marketing functions and Supply Chain Management.
Please see CVs of the Group Executive Committee
Business Units
Certain support functions have been centralized at Group level. The Outokumpu Group is managed in accordance with its business organization, in which the legal company structure of the Group provides the legal framework for operations. Clear financial and operational targets have been defined for all the Group’s operational businesses. Outokumpu’s businesses are organized into five business units: Tornio Works, Special Coil and Plate, Thin Strip, ostp (Outokumpu Stainless Tubular Products) and Long Products.
The business units report directly to individual Group Executive Committee members. In the reporting, the business units are consolidated into two divisions according to the types of product produced; General Stainless (Tornio Works and Long Products) and Specialty Stainless (Special Coil and Plate, Thin Strip and ostp).
Discontinued operations
As a discontinued operation, Outokumpu Brass is managed separately from the Group through the Outokumpu Brass’s Board of Directors. As of January 1, 2008 the businesses are organized into five business units: Tornio Works, Special Coil and Plate, Thin Strip, OSTP (Outokumpu Stainless Tubular Products) and Long Products. The business units report directly to individual Group Executive Committee members. In the reporting, the business units are consolidated into two divisions according to the types of product produced; General Stainless (Tornio Works and Long Products) and Specialty Stainless (Special Coil and Plate, Thin Strip and OSTP).
TASKS AND RESPONSIBILITIES OF GOVERNING BODIES
The ultimate responsibility for the Group management and Group operations lies with the governing bodies of the parent company Outokumpu Oyj: the General Meeting of Shareholders, the Board of Directors and the President and Chief Executive Officer (ceo). The Group Executive Committee operates within the authorities of the ceo and has been formed for the efficient management of the Group.