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Cargotec Corporation (CYJBY)

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Cargotec Corporation

Porkkalankatu 5
P.O. Box, 00501
Helsinki 00180
358 2077 74000

Full-time employees10,868

Key executives

NameTitlePayExercisedYear born
Mr. Mika Vehvilainen HSECEO & Pres1.39MN/A1961
Mr. Mikko PuolakkaExec. VP & CFON/AN/A1969
Ms. Soili Mäkinen M.Sc., M. Sc (Econ.)Chief Information Officer & Sr. VP of DigitalisationN/AN/A1960
Ms. Hanna-Maria Heikkinen M.Sc. (Econ.)VP of Investor RelationsN/AN/A1979
Ms. Camilla OrkoVP of Ethics & ComplianceN/AN/AN/A
Ms. Outi AaltonenSr. VP, Gen. Counsel & Sec.N/AN/A1965
Ms. Carina Geber-Teir M.Sc.Sr. VP of CommunicationsN/AN/A1972
Mr. Mikko PelkonenSr. VP of HRN/AN/A1970
Mr. Stephen FosterSr. VP of Fin.N/AN/AN/A
Mr. Mikael LaineSr. VP of StrategyN/AN/A1964
Amounts are as of 31 December 2020, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.


Cargotec Corporation provides cargo and load handling solutions worldwide. It operates in three segments: Kalmar, Hiab, and MacGregor. The Kalmar segment offers cargo handling equipment and automated terminal solutions, software, and services for ports, terminals, distribution centers, and various industries; ship-toshore cranes, rubbertyred and rail-mounted gantry cranes, straddle and shuttle carriers, reachstackers, empty container handlers, terminal tractors, and forklift trucks, and automated guided vehicles; and automation systems, Navis N4 terminal operating system and the Navis smart suite of terminal applications, Octopi SaaS TOS, loading computer, stowage planning and fleet performance monitoring software, and Bromma spreaders, as well as maintenance contracts, technical support, spare parts, training, and crane upgrade services. The Hiab segment provides loader handling equipment under the HIAB, EFFER, and ARGOS brands; truck mounted forklifts under the MOFFETT and PRINCETON brands; forestry and recycling cranes under the LOGLIFT and JONSERED brands; hooklifts and skiploaders under the MULTILIFT brand; tail lifts under the ZEPRO, DEL, and WALTCO brands; HiConnect platform; and Hiab ProCare services and HiVision crane operating system. The MacGregor segment offers cargo and load handling solutions and maintenance services for maritime transportation and the offshore industries; hatch covers, lashing systems, cranes, RoRo cargo and passenger access equipment, self-unloading systems, winches, steering gear, compressors and deck handling equipment, and related software and digital services; various solutions for subsea load handling, anchor handling, and towing and mooring operations; and ports and terminals under the MacGregor, Hatlapa, NMF, Porsgrunn, Pusnes, Rapp, Triplex, and TTS names. Cargotec Corporation was incorporated in 2005 and is headquartered in Helsinki, Finland.

Corporate governance

Cargotec Corporation’s ISS governance QualityScore as of 26 September 2021 is 5. The pillar scores are Audit: 5; Board: 5; Shareholder rights: 8; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.