| Amec Foster Wheeler Energia
Amec Foster Wheeler Energia
Amec Foster Wheeler Energia is the Finnish arm of British multinational company Amec Foster Wheeler, operating in the design, manufacture and installation of steam boilers and other equipment for the use of power stations and industry worldwide. As general counsel, Julia Ormio leads a team responsible for legal affairs, compliance, records management and communications for the group. The team is active in Espoo and Varkaus, Finland, and through subsidiaries in Sweden and Germany; where they work closely with the business to negotiate large circulating fluidised bed (CFB) boiler contracts. Owing to the fact Amec Foster Wheeler Energia’s parent company is listed on both the New York and London Stock Exchange, the legal team regularly face compliance challenges from both authorities. America’s Sarbannes-Oxley Act is known to be a challenge for many companies, but the team has better streamlined processes to effectively comply with it in future. Similarly, Ormio has introduced processes and tools to ensure tighter compliance with company policies and Nordic regulations, which are helping the legal team to be more proactive. Her direct reporting to the group CEO and membership of the company’s management team has also added a commercial dimension to the team’s arsenal. A recent demonstration of the legal team’s effectiveness can be seen in the company’s €20m sale of biofuel boiler dust to Seinäjoki Energy Amec, including its accessories related to the use and installation. The legal team worked tirelessly to achieve a favourable outcome for not only Amec, but the purchasing company too.