​​​​​​​​​​​​​​​​​​​Further progress for the financial support and control function of the Board

Tetra Laval International (TLI) is the financial support and control function for the Board. This includes responsibility for areas such as the corporate governance, Group financing and treasury, financial planning and reporting, M&A, tax, inte​rnal audit, insurance, leasing and holdings administration. TLI manages the internal control aspects of these responsibilities by means ​of Group policies applicable throughout the Group. A complete review and enhancement of these policies was completed in 2016 and training related to main areas will be delivered across the Group in 2017. TLI manages Group financing, the foreign exchange and interest rate risks of the Group within a mandate approved by the Board. This continues to be important in the context of continued major market volatility impacting the global economy.

​ACHIEVEMENTS IN 2016

The Group has continued to demonstrate its sound risk management policies and resilience under the challenging conditions faced in a number of markets. In 2016, a detailed cyber security review was performed throughout the Group resulting in new procedures being adopted. Standard financing solutions to support Group sales of capital equipment have been developed and are being expanded in cooperation with banking partners.

FOCUS AREAS FOR 2017

Performance of the different businesses of the Group and return generated on capital employed continue to be monitored closely. Capital allocation remains an area of considerable Board attention, with initiatives focusing on R&D, restructuring and productivity in 2017.

In 2017, TLI has launched projects to upgrade its financing platforms and to leverage the Group’s risk management methodology and processes. 2017 sees continued focus on competence development to ensure TLI has the appropriate professional skills to support these evolving business and technical needs.

The team at TLI remains focused on delivering to a highly professional and effective level in each of its areas of expertise and its impact on the long term performance of the Group.​


“​The Group has continued to demonstrate its sound risk management policies and resilience under the challenging conditions faced in a number of markets.”

TETRA LAVAL INTERNATIONAL MANAGEMENT

TLI management

01. Martyn Zedgitt - President

02. Marc Häfliger - Holdings

03. Robert Norris - Group Financial Planning and Reporting

04. Jörn Rausing - Mergers and Aquisitions

TLI management

05. Antoine Jomini - Audit

06. Robert Swan - Finance

07. Mark Masek - Operations

08. Tuomo Rautiainen - Tax

TLI support functions

TETRA LAVAL GROUP SUPPORT FUNCTIONS

01. Jörgen Haglind - Group Communications Officer

02. Phil Read - Group Human Resources Officer

These functions are responsible for their respective area throughout the Tetra Laval group.