The new organization supports growth and profitability by better reflecting OM today and tomorrow. It will further strenghten OM's major competitive advantage - Transaction Technology - and support Stockholmsbörsen in acting on business opportunities through consolidation, says Per E. Larsson, President and CEO, OM.
The reorganization will generate yearly cost savings of SEK 35 million, with full effect from the second quarter 2002.
Magnus Böcker has been appointed Chief Operating Officer (COO) and Executive Vice Presi-dent of OM responsible for four business areas; Broker Services, Energy Market Solutions, Facility Management Services and Financial Markets Solutions. These business areas will increase OM's focus on customer solutions and leverage OM's international presence.
Niklas Midby has been appointed Chief Financial Officer (CFO) and Executive Vice President OM, responsible for Stockholmsbörsen, OM's finance operations and OM's investments. Stockholmsbörsen and OM London Exchange including Jiway will be headed by Kerstin Hessius as a separate operational entity.
Anders Reveman has been appointed Chief Strategy Officer within the unit Corporate Strategic Development to support strategy, structure and implementation.
Of the estimated 70 positions that will be affected, approximately 30 are within the former Jiway Broker Services. The cost saving for these 30 positions has already been communicated and are not included in the SEK 35 million mentioned above.
