Detection Technology Oyj: Changes to Detection Technology's operating model and management group
Detection Technology Plc company announcement 29 October 2024 at 9.00
Changes to Detection Technology's operating model and management group
Detection Technology changes its operating model and Group's management group in order to advance the implementation of its strategy and meet its growth targets. The new planned organization and reporting structure are intended to enter into force as of 1 January 2025.
Detection Technology's new planned sales and product organisation will consist of three regional business units: Asia-Pacific (APAC), Europe, Middle East, India and Africa (EMEIA), and the Americas. The business units will have end-to-end responsibility for sales, customer relationship management, and product management within their respective areas. The company's existing Security (SBU), Industrial Solutions (IBU) and Medical Business Units (MBU) will be discontinued.
President and CEO Hannu Martola says: "The world is changing, and the importance of regional business in relation to global operations is increasing. The aim of the change is to sharpen the local account management, improve customer service, as well as speed up decision-making. The new operating model boosts our market and customer orientation, learning curve, and competitiveness in a rapidly changing world. All in all, the change will create a solid foundation for our future growth."
The Group level functions, which include research and development (R&D), operations, financial administration and IT, and HR, will remain the same. In addition, a member responsible for business development, who will focus on Group level development projects and finding new business opportunities, will be appointed to the management group. The area of responsibility will also include possible mergers and acquisitions.
As a part of the renewal, the following changes will be made to the Group's management group:
Mr. Bree Allen (B.Sc. Eng., MBA, born 1974) will be appointed President, Americas Business Unit, and a new member of the management group. He has worked as President, Americas, at Detection Technology since 2022. His areas of responsibility have included industrial and security business as well as the promotion of medical sales. He has over 20 years of experience in senior roles in sales, business development, product management, and marketing. Before joining Detection Technology, he worked as President at Rigaku Analytical Devices since 2012.
Mr. Arve Lukander will be appointed President of the EMEIA Business Unit. His current role is the company's Vice President of the Security Business Unit (SBU).
Mr. Chen Wu will be appointed President of the APAC Business Unit. His current role is the company's Vice President of the Medical Business Unit (MBU).
Mr. Juha Talasmäki will be appointed Vice President, Business Development. His current role is the company's Vice President of the Industrial Solutions Business Unit (IBU).
Mr. Hannu Martola will continue as the President and CEO of the Group, Mr. Matti Nylander as CFO, Ms. Sari Holopainen as Vice President of People and Culture, Mr. Jyrki Still as CTO and Mr. Kai Utela as Vice President of Operations. The bios of the members of the management group are available at the company's website.
The members of Detection Technology's management group, as of 1 January 2025, will be- Mr. Hannu Martola, President and CEO
- Mr. Matti Nylander, CFO
- Mr. Bree Allen, President, Americas Business Unit
- Mr. Arve Lukander, President, EMEIA Business Unit
- Mr. Chen Wu, President, APAC Business Unit
- Mr. Juha Talasmäki, Vice President, Business Development
- Ms. Sari Holopainen, Vice President, People and Culture
- Mr. Jyrki Still, CTO
- Mr. Kai Utela, Vice President, Operations
The company will also change the net sales split reporting method used in its financial reporting to correspond to its new operating model as of 1 January 2025. In the future, the company will report net sales for each region in line with the new geographical division as well as for its three main applications, namely, medical, industrial and security. The company will report comparison figures according to the new model at the beginning of 2025.
Detection Technology Plc.
Further information
Hannu Martola, President and CEO
+358 500 449 475, hannu.martola@deetee.com
Nordea is the company's Certified Advisor under the Nasdaq First North GM rules. +358 9 5300 6774.
Detection Technology is a global provider of X-ray detector solutions and services for medical, security, and industrial applications. The company's solutions range from sensor components to optimized detector subsystems with ASICs, electronics, mechanics, software, and algorithms. It has sites in Finland, China, France, India, and the US. The company's shares are listed on Nasdaq First North Growth Market Finland under the ticker symbol DETEC.
Circulation: Nasdaq Helsinki, main media, www.deetee.com