Glenn Withers has been appointed Group Senior Vice President and Chief Financial Officer of the Cavotec Group effective January 14 th , 2019. Mr. Withers, who joined Cavotec in November 2018 as Group VP Finance Excellence will replace current CFO Kristiina Leppänen, who will leave the company at
Patrick Mares has been appointed President of Cavotec’s Ports and Maritime Division. He will join Cavotec on March 11, 2019. Mr. Mares will report to Cavotec Group CEO, Mikael Norin, and will be a member of the Executive Management Team. Patrick Mares has during his career held Executive Management
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The Nomination Committee of Cavotec SA (“Cavotec”) consists of members appointed by Cavotec’s Board of Directors, in accordance with Cavotec's Internal Regulations. The composition of the members of the Nomination Committee presented below is in line with the recommendations of the
Improved profitability and cash flow JULY–SEPTEMBER 2018 Order intake decreased 4.9% to EUR 37.2 million (39.1) Order book increased 7.3% to EUR 104.7 million (97.5) Revenues decreased 5.9% to EUR 49.2 million (52.2) EBIT excluding non-recurring items increased to EUR 2.1 million (0.8),
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Cavotec SA will publish its interim report for the third quarter 2018, 2 November at 07:00 CET. A conference call, including a short presentation of the report for shareholders, analysts and media will be held 2 November at 10:00 CET, followed by a Q&A session. The presentation will be held by
As previously announced, Cavotec SA has initiated a restructuring programme in order to achieve annual savings of approximately EUR 10 million by 2021. Through this programme, Cavotec will free up resources to underpin its growth strategy. The programme follows the implementation of the efficiency
