Nexans announces a new management team
Nexans announces a new management team to drive its new strategic roadmap and build future successes.
- Following the presentation of the Group’s strategic roadmap on November 9th 2018, Nexans creates and appoints an Executive Committee of 12 people replacing the two previous governance bodies: the Management Board and the Management Council which were composed of 22 members.
- The new Executive Committee will reflect the strategic importance of the Group's relationship with its customers, its markets and its ability to transform.
- The Executive team will focus on improving the Group’s competitiveness through constant cost discipline, ensuring sustainable and profitable growth through strategic resource allocation, and implementing a recovery plan for underperforming activities.
Paris La Défense, November 29, 2018 – Following the new strategic roadmap announced on November 9th 2018, Nexans has appointed a new Executive Committee to achieve its objectives, increase the performance of each division and drive the Group’s transformation. With its simplified and more agile structure, the Executive Committee, acting as the Group's main governance body, replaces the former Management Board and Management Council.
The Executive Committee will focus on:
- Increasing proximity with the Group's markets and customers;
- Developing better anticipation and improving the organization’s agility;
- Strengthening the emphasis on execution – cost control, innovation, development of services and transformation;
- Reinforcing Nexans’ management with international profiles to better understand and adapt to the changes in the world.
“This renewed management team is built to lead the implementation of the new industrial project that aims to redesign the Group’s business model and introduce a new customer-centric corporate culture, based on a profound transformation of Nexans’ activities towards services. I am confident that the individual expertise and leadership qualities of each member of this Executive Committee will help Nexans drive this change and gain a considerable competitive edge in the next three years.”
Christopher Guérin, CEO of Nexans
As a global leader in advanced cabling and connectivity solutions, Nexans brings energy to life through an extensive range of best-in-class products and innovative services. For over 120 years, innovation has been the company’s hallmark, enabling Nexans to drive a safer, smarter and more efficient future together with its customers. Today, the Nexans Group is committed to facilitating energy transition and supporting the exponential growth of data by empowering its customers in four main business areas: Building & Territories (including utilities, smart grids, emobility), High Voltage & Projects (covering offshore wind farms, submarine interconnections, land high voltage), Telecom & Data (covering data transmission, telecom networks, hyperscale data centers, LAN), and Industry & Solutions (including renewables, transportation, Oil & Gas, automation, and others). Corporate Social Responsibility is a guiding principle of Nexans’ business activities and internal practices. In 2013 Nexans became the first cable provider to create a Foundation supporting sustainable initiatives bringing access to energy to disadvantaged communities worldwide. The Group’s commitment to developing ethical, sustainable and high-quality cables drives its active involvement within several leading industry associations, including Europacable, The National Electrical Manufacturers Association (NEMA), International Cablemakers Federation (ICF) or CIGRE to mention a few. Nexans employs more than 26,000 people with industrial footprint in 34 countries and commercial activities worldwide. In 2017, the Group generated 6.4 billion euros in sales. Nexans is listed on Euronext Paris, compartment A. For more information, please consult: www.nexans.com