Business
CORRECTION FROM SOURCE: Prysmian Announces Strategic Leadership Transitions in North America
CORRECTION FROM SOURCE: Prysmian Announces Strategic Leadership Transitions in North America
About this update from Prysmian S.p.a.
A previous version of this release announced a promotion that has yet to take effectHIGHLAND HEIGHTS, KY / ACCESS Newswire / March 31, 2026 / Prysmian, a world leader in energy and data wire and cabling solutions, recently announced changes to its leadership structure in North America to further strengthen the company's market position in the region.2025 marked the best year yet for Prysmian, with global revenues reaching €20 billion. North America's net profit exceeded $9 billion, accounting for 40% of the company's total sales. Over the past two years, Prysmian's North American footprint has grown exponentially through the acquisitions of Encore Wire and Channell, adding over 3,000 employees and expanding the company's product portfolio. As Prysmian continues its evolution from a cable manufacturer to a solutions provider, these partnerships unlock major energy priorities, including data centers, industry, and the strengthening of the U.S. power grid.The North American market continues to expand across sectors: power consumption from data centers will jump 175% by 2030 (from 2023 levels), and U.S. power demand is expected to increase up to 3.5 percent annually through 2040, positioning Prysmian as a company poised to meet the cabling and solution demand that comes alongside these increases."As Prysmian continues to expand in North America, developing our executive leadership across businesses and industry segments is a strategic priority," said Andrea Pirondini, CEO of Prysmian North America. "This cross-functional experience strengthens how we operate as one organization, enhances our ability to scale, and ultimately allows us to deliver greater value to our customers. Investing in leadership development ensures we sustain our momentum and continue to provide the high-quality, innovative solutions that define Prysmian."North America's leadership changes include:Matt Bedell, SVP of Power DistributionMatt Bedell will move from his role as Prysmian's Vice President of Specialties to his new position as Senior Vice President, Power Distribution. Bedell brings over twenty years of experience with Prysmian, having worked in various commercial, supply chain, manufacturing, and engineering roles across the company. He holds a bachelor's degree in engineering from Lawrence Technological University and a master's degree from the University of Michigan.Brian DiLa...