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May 04, 2015 10:52 PM ET

Metals and Mining

Company Overview of Novelis Inc.

Company Overview

Novelis Inc. produces and sells aluminum rolled products. It operates through four segments: North America, Europe, Asia, and South America. The company produces aluminum sheet and light gauge products primarily for use in the beverage can, automotive, consumer electronics, architecture, other transportation, and foil markets. It is also involved in the primary aluminum smelting and hydroelectric power generation activities in Brazil. The company was founded in 2004 and is headquartered in Atlanta, Georgia. Novelis Inc. is a subsidiary of Hindalco Industries Limited.

3560 Lenox Road

Suite 2000

Atlanta, GA 30326

United States

Founded in 2004

11,410 Employees

Phone:

404-760-4000

Key Executives for Novelis Inc.

Interim President and Chief Financial Officer
Age: 43
Senior Vice President and President of Novelis South America
Age: 56
Senior Vice President and President of Novelis Europe
Age: 44
Senior Vice President and President of Novelis North America
Age: 57
Senior Vice President and President of Novelis Asia
Age: 60
Compensation as of Fiscal Year 2014.

Novelis Inc. Key Developments

Novelis Inc. Announces Executive Changes

Novelis Inc. announced that its board of directors has appointed Steve Fisher to serve as the company's Interim President, effective immediately. The announcement follows the departure of Philip Martens, the company's former President and Chief Executive Officer, also effective immediately. The search for a permanent chief executive is under way. Mr. Fisher has served as the company's Senior Vice President and Chief Financial Officer since 2007, and he will continue to serve in that capacity.

Novelis Launches Evercycle™ Certified High-Recycled Content Products

Novelis announced the first product in a new portfolio of certified high-recycled content aluminum for specialty applications called evercycle. This new material will enable customers to produce infinitely-recyclable products with a lower carbon footprint. The first product in the evercycle portfolio is designed for aluminum food containers. This product is certified by SCS Global Services to contain 100% recycled aluminum, made up of 90% post-consumer content and 10% customer manufacturing scrap the only material of its kind in the market. Commercially available now in North America, evercycle is expected to become available globally as demand grows. The new product adds to Novelis' growing portfolio of high-recycled content aluminum sheet products and is part of the company's plan to increase the overall recycled content of its products to 80% by 2020. In 2014, Novelis introduced its certified high-recycled content evercan product for beverage cans, which is now available globally.

Novelis Announces Senior Management Changes

Novelis announced a number of management appointments designed to strengthen its customer focus on the beverage can and specialty products end markets. Gary Yogan has been appointed vice president, Global Can Sales, effective April 1, 2015. Yogan will be responsible for maintaining company' position as a leading provider of beverage can sheet worldwide with a focus on innovation and sustainability. Key to this role will be the continued market growth of the company's high-recycled content evercan product. Yogan was previously vice president and general manager, Light Gauge and Specialties, North America. He has held a succession of senior sales and operational roles since joining Novelis in 1984 as a metallurgist and process engineer. Ganesh Panneer has been named vice president and general manager, Light Gauge and Specialties, North America, succeeding Yogan, effective September 1, 2015. Panneer joined Novelis in 2011 and held management roles in strategy and automotive sales before relocating to Europe as vice president and general manager, Specialties, Europe, in 2013. Succeeding Panneer in Europe will be Markus Gartner who has been named vice president and general manager, Specialties, Europe, effective September 1, 2015. Gartner joined company in 2012 and over the past three years has held strategy and commercial roles in Europe, most recently as sales director, specialties.

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July 10, 2014
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