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5N Plus Announces Changes to Its Executive Management Structure
5N Plus Announces Changes to Its Executive Management Structure Canada NewsWire ...
About this update from 5n Plus Inc.
[{"type":"text","content":"\n\n\n\n5N Plus Announces Changes to Its Executive Management Structure\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Feb. 20, 2017\n\n\n\nNicholas Audet appointed Executive Vice President, Electronic MaterialsPaul Tancell joins 5N Plus and is appointed Executive Vice President, Eco-Friendly Materials\n\n\n\nMONTREAL, Feb. 20, 2017 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) (\"5N Plus\" or the \"Company\"), the leading producer of specialty metal and chemical products, today announced changes to its executive management structure. In the recent years, the Company was organized functionally with C-suite leading various activities. The structure has been highly effective in managing costs and implementing best practices. In 2016, total costs (excluding variable & metal costs) were more than 20% lower than just two years ago. While the Company continues to manage costs judiciously management has adopted a new structure to emphasize growth along business segments and in alignment with the Company's 5N21 strategic plan. Given this backdrop, the following changes have been implemented:\n\n\nResponsibilities assumed by the former functions of Chief Commercial Officer and Chief Operating Officer will be reallocated across the existing business segments (Eco-Friendly and Electronic Materials) and will be led by two Executive Vice Presidents. \nMr. Nicholas Audet, formerly Chief Commercial Officer has been appointed Executive Vice President, Electronic Materials. \nMr. Paul Tancell, formerly Global General Manager at Umicore, has joined 5N Plus and has been appointed Executive Vice President, Eco-Friendly Materials.\nThese functions report to the Company's President and Chief Executive Officer, Mr. Arjang (AJ) Roshan. Mr. Roshan commented: \"Having leveraged our functional structure to markedly enhance our organizational efficacy and significantly shrink our cost structure, we see the need for further evolution. Our new management structure is designed to maintain our discipline around cost management while ...