Group management
Outokumpu's corporate management consists of the Chief Executive Officer (CEO), members of the Group Executive Committee, and managers and experts who assist the CEO and the Group Executive Committee. The task of corporate management is to manage the Group as a whole. Duties include the coordination and execution of strategy and plans, 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 corporate management tasks, Outokumpu's functional steering across Group businesses has been organised into Sales and Marketing functions and Supply Chain Management. Certain support functions have been centralised at Group level. The Outokumpu Group is managed in accordance with the organisation of its business, in which the legal company structure of the Group also provides the legal framework for its operations. Clear financial and operational targets have been defined for all the Group's operational businesses.
Outokumpu's businesses are organised into five business units: Tornio Works, Special Coil and Plate, Thin Strip, OSTP (Outokumpu Stainless Tubular Products) and Long Products. Business units report directly to individual Group Executive Committee members. In this reporting, business units are consolidated into two divisions according to the type of product manufactured; General Stainless (Tornio Works and Long Products) and Specialty Stainless (Special Coil and Plate, Thin Strip and OSTP).
As a discontinued operation, Outokumpu Brass is managed separately from the Group through the Board of Directors of Outokumpu Brass.