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New Organisational Structure And Management Appointments To Reboot Growth

Milan, 20 December 2013. Prysmian Group, world leader in the energy and telecom cables and systems industry, announces a new organisational structure and management appointments with the goal of stimulating the Group's growth strategy and of anticipating market developments by aiming to further improve its focus on customer service. The new organisational structure will be effective from 1 January 2014.

Fabio Romeo, currently Executive Vice President of the Energy Business, will take responsibility for Corporate Strategy and Development, with the mission of giving further impetus to the Group's growth.

Andrea Pirondini is joining the Prysmian Group as Chief Operating Officer. Pirondini's particular mission will be to accelerate the development of quality and customer service, to redesign the industrial footprint by improving its performances and to optimise procurement.

Frank Dorjee, currently Chief Strategy Officer, will leave the Group as of 1 January 2014, while continuing to act as a Senior Advisor for the Group's main JVs.

The Group, within the Energy Sector, identifies two different Business Areas:

Energy Projects, which groups together the following businesses: High Voltage & Submarine and SURF (products and services for offshore oil production). Responsibility for the Energy Projects area is being assumed by Massimo Battaini, currently the Group's Chief Operating Officer.

Energy Products, which groups together the different product segments/applications: Energy & Infrastructure (T&I e PD), Oil&Gas, Elevators, Automotive, Network Components, Specialties&OEM and Industrial. Responsibility for the Energy Products area is being assumed by Hans Nieman, currently CEO of Prysmian Germany.

Philippe Vanhille remains in charge of Telecom (Telecom Solutions, Multimedia Solutions, Optical Fibre).

The new organisational structure will allow the Group to manage the markets in which it operates with specific approaches, in order to further improve the development of the Energy Project Business and increase profitability of the Energy Product Business. High Voltage & Submarine and SURF are high-tech and high value-added businesses where the focus is on the project and its execution, as well as on product characteristics. The main driver of success in the Energy Products area is the ability to offer a comprehensive and innovative product portfolio that can satisfy the most diverse demands of market positioning.

"Our Group offers the widest existing range of products and technologies in the energy and telecom cables industry, explains Chief Executive Officer Valerio Battista. With the new organisational structure we aim to exploit the full potential of our organisation in every market displaying growth opportunities, by further enhancing our customer closeness by anticipating their needs."

Prysmian Group
Prysmian Group is world leader in the energy and telecom cables and systems industry. With over 130 years of experience, sales of some €8 billion in 2012, about 20,000 employees across 50 countries and 91 plants, the Group is strongly positioned in high-tech markets and offers the widest range of products, services, technologies and know-how. In the Energy sector, Prysmian Group operates in the business of underground and submarine power transmission cables and systems, special cables for applications in many different industrial sectors and medium and low voltage cables for the construction and infrastructure industry. In the Telecom sector, the Group manufactures cables and accessories for the voice, video and data transmission industry, offering a complete range of optical fibres, optical and copper cables and connectivity systems. Prysmian is a public company, listed on the Milan Stock Exchange in the FTSE MIB index.

Media Relations
Lorenzo Caruso
Corporate and Business Communications Director
Ph. 0039 02 6449.1
lorenzo.caruso@prysmiangroup.com

Investor Relations
Luca Caserta
Investor Relations Director
Ph. 0039 02 6449.1
luca.caserta@prysmiangroup.com

Source: RealWire

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