MERSEN PRESS RELEASE
CREATION OF TWO UNIFORM SEGMENTS WITH FIVE BUSINESS UNITS
APPOINTMENT OF ERIC GUAJIOTY AS THE HEAD OF THE ADVANCED MATERIALS SEGMENT
CREATION OF TWO NEW GROUP LEVEL POSITIONS: TECHNOLOGY & INNOVATION AND ASIA REGION
CREATION OF TWO UNIFORM SEGMENTS
Mr. Guajioty was previously with The Linde Group, as Director of Performance Transformation & Strategy for Europe and, prior to that, as Managing Director of The Linde Group France. From 1995 to 2004, he held various management positions at SGL Carbon, both in France and in Germany.
The reorganization will enable the two segments to optimize their industrial and human resources and align their respective businesses more effectively with the needs of their different end markets.
The Group's reporting will be modified in 2016 to take into account its new organizational structure. The adjusted figures for 2014 are as follows:
2014 sales | 2014 margin* | 2014 sales | 2014 margin* | ||
AMT segment - Materials | 280 | 6.5% | Advanced Materials segment | 404 | 8.9% |
ECT segment - Electrical | 451 | 12.3% | Electrical Power segment | 327 | 11.4% |
Group total | 731 | 8.2% | Group total | 731 | 8.2% |
*Operating margin before non-recurring items
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CREATION OF TWO NEW GROUP LEVEL POSITIONS
To keep its competitive edge in new markets, Mersen has created a Technology, Research, Innovation
& Business Support position, which will be responsible for anticipating changes to market and customer expectations and enabling Mersen to continue to stand out from the competition by leveraging the Group's expertise in cutting-edge technologies. It is headed by Christophe Bommier, formerly Group Vice President, High Temperatures.Since business development in high-potential regions is a key component in the Group's medium-term strategy, the Group has also created a position for the Asia Region. Didier Muller, formerly Group Vice President, Electrical Applications and Chemical Equipment, will direct this mission.
REORGANIZATION OF THE MANAGEMENT BOARD AND EXECUTIVE COMMITTEE
Changes will also be made to the Group's Management Board and Executive Committee, effective January 1, 2016. The Management Board will comprise Luc Themelin (Chairman) and Thomas Baumgartner, and the Executive Committee will be expanded to include the heads of Operational Excellence, Technology & Innovation and Asia Region.
Luc Themelin, Chairman of the Management Board, commented: 'This new organizational structure based on two segments and five business units is designed to make the Group even more efficient and responsive in all of its markets, while also pooling certain resources. I am delighted to welcome Eric Guajioty, who will leverage his experience at The Linde Group and SGL Carbon to lead the teams in our Advanced Materials segment. The creation of new positions dedicated respectively to innovation and Asia region sends a clear signal about our development strategy priorities. I am confident that all of our teams are fully committed to contributing to Mersen's success.'
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Global expert in electrical specialties and graphite-based materials, Mersen designs innovative solutions to address its clients' specific needs to enable them to optimize their manufacturing process in sectors such as energy, transportation, electronics, chemical, pharmaceutical and process industries.
Mersen, with its 6,400 employees working across 35 countries, recorded sales of 731 million euros in 2014.
INVESTOR AND ANALYST CONTACT | MEDIA CONTACT |
Véronique Boca | Nicolas Jehly/ |
VP, Communication | Guillaume Granier |
Mersen | FTI Consulting Strategic Communications |
Tel. + 33 (0)1 46 91 54 40 | Tel. + 33 (0)1 47 03 68 10 |
Email: dri@mersen.com | Email: nicolas.jehly@fticonsulting.com/ guillaume.granier@fticonsulting.com |
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