Thursday, June 16, 2011

Alstom Board OKs major reorganization

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Alstom said Wednesday its Board of Directors has approved “a major reorganization of the company” proposed by Chairman and CEO Patrick Kron (pictured below), to take effect July 4, 2011.

alstom_kron.jpg“Alstom has undergone a period of strong growth, followed by the necessary adaptation to a tougher economic environment created by the crisis,” the company said in a statement. “As the company is experiencing a rebound in orders, this new organisation will allow the Group to better anticipate the structural changes in its business, accelerate its development and achieve its performance objectives. It will strengthen the Group’s ability to address strategic moves, focus the Sectors on their operational objectives (commercial efficiency, product development, quality and project execution) and simplify the ways of working (quicker and leaner decision making processes, and empowerment).”

Alstom has created a new position, Deputy Chief Executive Officer, to oversee the reshaping of the operational activities of the company into four Sectors and a major evolution of its Executive Committee. Philippe Joubett, credited by the company with leading “the recovery and the development of the Power Sector,” was named to the new post. Jobett will assist CEO Kron in the strategy and Group development, the sustainable development, and the supervision of the international network.

Alstom will split its Power sector into two, Alstom Thermal Power and Alstom Renwable Power, which will join Alstom Grid and Alstom Transport to form four company units.

The company named new leaders for each group. Henri Poupart-Lafarge, currently executive vice-president of Alstom and also president of the Grid Sector, has been appointed president of the Transport Sector.

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