Solvay S.A. : A new Solvay organization geared towards sustainable,
Brussels, January 16^th, 2013 --- Solvay today presented the new structure for
its business activities and leadership team. The Group has redesigned its
organization, with a far-reaching review of business processes and corporate
functions, and a focus on simplifying and decentralizing its management
structure. Thanks to these changes, Solvay is more agile and in a better
position to seize growth opportunities, whilst keeping customer focus,
operational excellence, corporate social responsibility, and innovation in
sustainable chemistry, at the top of its priorities.
"Today's Solvay is the result of the successful integration of Solvay and
Rhodia and an extensive transformation. Few groups would have been able to
bring about such major changes in such a short period of time. Through the
mobilization of our teams, we have managed to convert the two former companies
into one of the ten largest chemical companies worldwide. Our new signature,
Asking more from chemistry, is more than a pledge; it's a vision and a
challenge to which we are fully committed," said Jean-Pierre Clamadieu,
Chairman of Solvay's Executive Committee.
Five Operating Segments showcasing Solvay's areas of expertise
Showcasing Solvay's areas of expertise, the new business organisation has five
Operating Segments. The Operating Segments reflect the different business
models most adequate to the diverse business drivers and competitive dynamics
across the Group's portfolio, ensuring focus on the critical levers for
The Operating Segments and their comprising Global Business Units (GBU) are at
the heart of the Group's growth and value creation ambition. They are
committed to delivering growth, profits and cash generation in the short and
mid-term. Reflecting the entrepreneurial spirit embedded within Solvay's
culture, the GBUs focus on customers and markets, and are endowed with the
relevant operational levers to execute their strategic roadmaps.
Effective as from January 1^st, 2013, Solvay's business organisation is as
- Consumer Chemicals serves the consumer products markets. Its strategy
is based on the development of a sustainable offering suited to the major
market mega trends of demographic growth, emerging markets' increasing
purchase power, the appearance of new modes of consumption and a demand for
safer, more sustainable and bio-based solutions.
- Advanced Materials focuses on ultra-high performance applications
addressing the needs of industries such as advanced transportation,
healthcare, energy efficient tires, automotive emission control, smart devices
or hybrid vehicles batteries.
- Performance Chemicals operates in specific, highly resilient and
mature markets whose key success factors are principally, economies of scale,
competitiveness, and quality of service.
- Functional Polymers brings together the Chloro-Vinyls chain and
Polyamide activities of the Group to serve mainly the construction and
infrastructure, automotive and electrical/electronics industries.
- Corporate Business and Services includes the Solvay Energy Services
GBU as well as all the Corporate Functions, including Solvay Business Services
and the Research & Innovation Center.
The Executive Committee, a collegial body to support business and growth
Acting as a collegial body, the Executive Committee is responsible for the
Group's vision, setting mid and long-term strategy, monitoring delivery of
results and optimizing resource allocation across businesses. It is
collectively responsible for overall value creation and for the preservation
of the Group's global interests.
The Executive Committee includes six members: Jean-Pierre Clamadieu (CEO),
Bernard de Laguiche (CFO), Gilles Auffret, Vincent De Cuyper, Roger Kearns and
Jacques van Rijckevorsel. Each member of the Executive Committee closely
supervises dedicated Operating Segments and Corporate Functions.
The Group financial communication will follow this new organization structure
in five Operating Segments as from January 1st 2013.
SOLVAY is an international chemical Group committed to sustainable development
with a clear focus on innovation and operational excellence. It is realizing
over 90% of its sales in markets where it is among the top 3 global leaders.
Solvay offers a broad range of products that contribute to improving the
quality of life and the performance of its customers in markets such as
consumer goods, construction, automotive, energy, water and environment, and
electronics. The Group is headquartered in Brussels, employs about 31,000
people in 55 countries and generated EUR 12.7 billion in net sales in 2011
(pro forma). Solvay SA (SOLB.BE) is listed on NYSE Euronext in Brussels and
Paris (Bloomberg: SOLB.BB - Reuters: SOLBt.BR).
For further details, please contact:
Lamia Narcisse Erik De Leye Maria Alcon-Hidalgo Patrick Verelst
Media Relations Media Relations Investor Relations Investor Relations
+33 1 53 56 59 62 +32 2 264 1530 +32 2 264 1984 +32 2 264 1540
See the press release in PDF with the description of our GBUs
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Source: Solvay S.A. via Thomson Reuters ONE
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