Prysmian to launch a new organisational model, two positions created

A Chief Operating Officer, in the person of Massimo Battaini.

A Chief Commercial Officer, in the person of Fabio Romeo.

Prysmian, a worldwide leading player in the energy and telecommunication cables industry, announces the launch of a new “customer-centric” organisational model by introducing two new positions.

The Chief Operating Officer (COO), in the person of Massimo Battaini, will be responsible for the Group’s entire supply chain (purchasing, operations, logistics). The main task of the new COO will be to implement a “faster and leaner” organisational strategy particularly aimed at accelerating the Group’s decision-making process and time to market. Massimo Battaini has been working for the Group for 23 years and is currently the CEO of Prysmian UK.

The Chief Commercial Officer (CCO), in the person of Fabio Romeo, will be accountable for the Group’s Sales and Marketing activities, covering both the Energy and Telecom businesses, with the aim of providing all Prysmian’s businesses with a common approach, a coherent strategy and the right level of attention and resources. One of the main tasks of the CCO will be to build a more “customer-centric” approach that will further enhance Prysmian’s ability to meet and anticipate customer’s needs and expectations. Fabio Romeo has been working for the Group for 10 years and is currently Director of the Energy Business. Mr. Romeo is also a member of the Board of Directors.

“ In the new organisation the COO and CCO will work closely with the R&D function – explains Group CEO Valerio Battista - in order to further strength our responsiveness to customer needs and improve the competitiveness of our offer. We want to set new industry standards, to augment our business and become a benchmark for speed, service and flexibility”.

The new organisational structure will be effective from January 2011.