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LKAB adapts its organization according to a new strategy plan

PRESS RELEASE: LKAB's board voted in February on a revised strategy plan which, among other things, will focus on continued growth, energy use and efficient production and logistics. Organizational changes are therefore now being implemented.

PRESS RELEASE

LKAB's board voted in February on a revised strategy plan which, among other things, will focus on continued growth, energy use and efficient production and logistics. Organizational changes are therefore now being implemented.

With the aim of reducing energy use, climate impact and energy costs, a new unit, with overall responsibility for energy in LKAB, will be introduced effective 1 March. Anders Kitok, most recently Senior Vice President,  Mining Division, LKAB, has been appointed Senior Vice President and head of the energy unit.

"With the new organization, we will concentrate all of our energy efforts in one unit and can thereby achieve the very high goal we have set," says President and CEO Lars-Eric Aaro.

The Mining Division will henceforth include the logistics function, which entails total responsibility from mine to customer. Markus Petäjäniemi, most recently Senior Vice President, Logistics and Sales, will assume the position of Senior Vice President, Mining Division.

"By once again placing logistics under Mining we will consolidate overall responsibility from mine to customer and thereby improve our cost efficiency even more," says Lars-Eric Aaro.

The Sales Division will be a purely sales and marketing oriented organization, and will be temporarily headed by President and CEO Lars-Eric Aaro as of 1 March.

Contact:
Lars-Eric Aaro, President and CEO, tel. +46 (0)920-381 06.