ERAMET group: Deployment of a new Governance cycle
(Thomson Reuters ONE) -
Paris, 23 February 2017, 18:05
PRESS RELEASE
ERAMET group: Deployment of a new Governance cycle
In recent years, ERAMET has had to face a global crisis in ores and raw
materials on an unprecedented scale, which has very severely affected its
business activity. Against this backdrop, Mr Patrick BUFFET, ERAMET's Chairman &
Chief Executive Officer, decided to implement a cost reduction and productivity
improvement plan across the Group, as well as an asset disposals program, whose
results recorded in 2016 demonstrate a strong improvement in the ERAMET group
performance.
Before entering a new development phase, characterised in its businesses by the
duration of the affected cycles and long-term investments, ERAMET's
shareholders' concert party, concerned with accelerating the Group's growth,
have sought to initiate a managerial transition phase. Patrick BUFFET who has
led the Group for more than ten years will assume his role as Chairman & Chief
Executive Officer until the General Meeting on 23 May which he will chair. Mrs
Christel BORIES has been appointed Deputy CEO by the Board of Directors on
Thursday 23 February 2017 and will be proposed as the successor to Mr Patrick
BUFFET as Chairman & Chief Executive Officer at the conclusion of the General
Meeting on 23 May 2017.
As part of this new governance phase, Mrs Christel BORIES will be responsible
for continuing the efforts undertaken in order to consolidate the recovery made
over time and ensure the growth of the ERAMET group in the coming years.
The Board of Directors would like to thank Mr Patrick BUFFET for the quality of
his management and the results obtained, in an extremely difficult environment
in the past years at the head of the ERAMET group. The board wishes Mrs Christel
BORIES every success in her new mission.
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ABOUT ERAMET
ERAMET is a leading global producer of:
* alloying metals, particularly manganese and nickel, used to improve the
properties of steel,
* high-performance special steels and alloys used in industries such as
aerospace, power generation and tooling.
ERAMET is also developing new activities with high growth potential, such as
mineral sands (titanium dioxide and zirconium), lithium and recycling.
The Group employs approximately 13,000 people in 20 countries.
CONTACT
Vice President Strategy and Financial Communication
Philippe Gundermann - Tel: +33 (0)1 45 38 42 78
Strategy and Financial Communications Analysts
Ludovic Donati - Tel: +33 (0)1 45 38 42 88
Arthur Perroton - Tel: +33 (0)1 45 38 37 32
For more information: www.eramet.com
Follow us with the ERAMET Finance mobile app:
IOS: https://itunes.apple.com/fr/app/eramet-finance/id1115212055?mt=8
Android: https://play.google.com/store/apps/details?id=com.eramet.finance
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ERAMET group: Deployment of a new Governance cycle:
http://hugin.info/143395/R/2081617/784137.pdf
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Groupe Eramet via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 23.02.2017 - 18:10 Uhr
Sprache: Deutsch
News-ID 526214
Anzahl Zeichen: 4102
contact information:
Town:
Paris
Kategorie:
Business News
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