VALLOUREC : Continuing its transformation, Vallourec adapts its organization
(Thomson Reuters ONE) -
Press Release
Continuing its transformation, Vallourec adapts its organization
Boulogne-Billancourt, January 18 2017 - Vallourec, world leader in premium
tubular solutions, announces today adaptations to its organization designed to
enable the company to benefit fully from its Transformation Plan.
The new organization aims to strengthen the Group's customer focus in each of
its regions, to optimize the use of its global resources, and to boost its
development.
It will be structured around:
* Four regions: North America, South America, Europe/Africa (EA), and the
Middle East/Asia (MEA)
These four regions, in charge of sales and industrial operations within their
geographies, will be headed respectively by Nicolas de Coignac, Alexandre Lyra,
Hubert Paris, and Edouard Guinotte.
* Two new central departments:
The Development and Innovation Department (D&I) will design and implement the
development strategy of the product lines. It will also be responsible for
innovation and R&D. The department will be led by Didier Hornet, currently
Senior Vice President Eastern Hemisphere.
The Technology and Industry Department (T&I) will design the Group's industrial
strategy, aiming to continue to improve its cost base. It will also be
responsible for technology, Group sourcing, and global planning. Philippe
Carlier, currently Senior Vice President Europe, will lead this department.
The new organization will take effect on 3 April 2017.
From this date, the Executive Committee will be made up of 11 members: Philippe
Crouzet, Chairman of the Management Board, Jean-Pierre Michel, Olivier Mallet,
Chief Financial Officer, François Curie, Vice President Corporate Human
Resources, and Stéphanie Fougou, Group General Counsel, as well as the four
regional directors and two directors of central departments.
Jean-Pierre Michel will retire at the end of 2017, having contributed along the
year as part of the Executive Committee to the effective implementation of the
new organization. He will leave the Management Board on March 31 2017, which
will subsequently comprise Philippe Crouzet and Olivier Mallet.
All biographies and photos are available here:
http://www.vallourec.com/EN/group/MEDIA/Press/Pages/Transformation-Plan-
organization.aspx
About Vallourec
Vallourec is a world leader in premium tubular solutions for the energy markets
and for demanding industrial applications such as oil and gas wells in harsh
environments, new generation power plants, challenging architectural projects,
and high-performance mechanical equipment. Vallourec's pioneering spirit and
cutting-edge R&D continually open new technological frontiers. Operating in more
than 20 countries, its 20,000 dedicated and passionate employees work hand-in-
hand with their customers to offer more than just tubes: they deliver
innovative, safe, competitive and smart tubular solutions, to make every project
possible.
Listed on the Euronext in Paris (ISIN code: FR0000120354, Ticker VK) and
eligible for the Deferred Settlement Service (SRD), Vallourec is included in the
following indices: SBF 120 and Next 150.
In the United States, Vallourec has established a sponsored Level 1 American
Depositary Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY).
Parity between ADR and a Vallourec ordinary share has been set at 5:1.
vallourec.com
Follow us on Twitter (at)Vallourec
For more information, please contact:
Investor relations Press relations
Etienne Bertrand Héloïse Rothenbühler
Tel: +33 (0)1 49 09 35 58 Tel: +33 (0)1 41 03 77 50 / +33 (0)6
45 45 19 67
etienne.bertrand(at)vallourec.com heloise.rothenbuhler(at)vallourec.com
Individual shareholders
Toll-Free Number: 0 800 505 110
actionnaires(at)vallourec.com
pdf version:
http://hugin.info/143606/R/2071925/778643.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: VALLOUREC via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 18.01.2017 - 08:30 Uhr
Sprache: Deutsch
News-ID 518286
Anzahl Zeichen: 5067
contact information:
Town:
BOULOGNE BILLANCOURT CEDEX
Kategorie:
Business News
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