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As of 8:10 PM 09/11/14 All times are local (Market data is delayed by at least 15 minutes).

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fiskars oyj abp (FKRAF) Details

Fiskars Oyj Abp manufactures and markets branded consumer products for the home, garden, and outdoor markets primarily in the Americas, Europe, the Middle East, and the Asia-Pacific. The company offers products for the home, kitchen, and interior design under the brands of Iittala, Arabia, Hackman, Royal Copenhagen, Höganäs Keramik, Rörstrand, Raadvad, Høyang-Polaris, Montana, Kaimano, and Kitchen Devils. It also provides garden cutting tools under the Fiskars, EbertSankey, and Leborgne brands; and a range of outdoor products, such as hunting, fishing, and outdoor equipment under the Gerber, Buster, and Drive Boats brands. In addition, the company manages properties in Fiskars Village and other locations; develops 15,000 hectares of land and 3,700 hectares of water; and sells timber. Fiskars Oyj Abp was founded in 1649 and is based in Helsinki, Finland.

4,446 Employees
Last Reported Date: 08/1/14
Founded in 1649

fiskars oyj abp (FKRAF) Top Compensated Officers

Chief Executive Officer, President and Member...
Total Annual Compensation: €891.7K
Compensation as of Fiscal Year 2013.

fiskars oyj abp (FKRAF) Key Developments

Fiskars Oyj Appoints Teemu Kangas-Karki as Chief Operating and Financial Officer

Fiskars Oyj announced that Teemu Kangas-Karki, currently president of Fiskars' home business area, has been appointed as the group's chief operating and financial officer with effective from September 12, 2014. In conjunction with this, he becomes deputy to the CEO and a member of the group's executive board. Teemu Kangas-Karki worked as Fiskars group's CFO from 2008 to 2012. The role of Chief Operating Officer is new within Fiskars. In addition to his responsibilities over the company's financial operations as CFO, Teemu Kangas-Karki will also be in charge of strategic alignment and prioritization across the company. Furthermore, he will lead the planning of the group's proposed structural changes together with the CEO. Fiskars announced plans to dissolve the current business areas, Home and Garden, and create new business region structures. In the meantime, Teemu Kangas-Karki will also continue to lead the Home business area.

Fiskars Corporation to Reorganize its Businesses in Europe and Asia-Pacific; Announces Changes in Executive Roles

Fiskars Corporation announced plans to increase agility and to simplify decision-making by adopting a business region ­based organization. Establishing business regions and reorganizing the Group's businesses in Europe and Asia-Pacific is another step in the company's transformation into a world-class consumer goods company and a part of the company's ongoing EMEA 2015 restructuring program, which aims to improve the company's competitiveness and cost structures. The aim is that the proposed new organization would come into effect as of December 1, 2014. In the proposed new organization, Fiskars two geographic reporting segments, Europe & Asia-Pacific and Americas, would consist of four business regions: Europe, Asia-Pacific, Fiskars Americas and Gerber Americas. Business region presidents would become members of the Group's Executive Board. The plan is to consolidate the current European sales regions North and Central into one sales organization within the business region Europe. In conjunction with this, the aim is to re-group European product categories in the Garden and Home business areas into new business units Living Products and Functional Products. The plans to combine functions are expected to lead to a reduction in current business area and support function personnel in Finland. In addition, Fiskars intends to adapt its sales unit in Finland to the structural changes in Finnish retail landscape. In the proposed new organization, business regions will be responsible for sales and profitability. The plan is to consolidate regional supply chain and support functions into the new business region Europe. The company also announced that Thomas Enckell, currently the President of Fiskars Garden business in Europe, has been appointed to lead the planning of the business region Europe. Matteo Gaeta would continue as President of business region Asia-Pacific (currently sales region Asia-Pacific), Paul Tonnesen as President of business region Fiskars Americas (currently business areas Garden and SOC Americas) and Rob Kass as President of business region Gerber Americas (currently business area Outdoor Americas).

Fiskars Corporation Announces Resignation of Max Alfthan as Chief Strategy Officer, Effective November 14, 2014

Max Alfthan, Fiskars Corporation's Chief Strategy Officer, has decided to leave Fiskars to assume the position of Executive Vice President, Marketing and Communications, and member of the Executive Board at KONE Corporation. His last working day at Fiskars will be November 14, 2014.


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