Bookmark 01-17-2013

Solvay: Organization Redesign

Solvay, Brussels, Belgium, 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.

The new business organization has five Operating Segments as follows:

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.

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.