6
Prysmian Group Insight
FOCUS ON
As a public company, Prysmian
Group decided to become even
more public with the launch of a
new program aimed at having its
employees among its shareholders.
The long-term stock ownership plan
for more than 15,000 employees
in 27 countries around the world is
named
It offers employees at Prysmian
the opportunity to buy Prysmian
shares at a discount of up to 25%
on market price and is structured in
three annual tranches, with a total
of 500,000 shares earmarked to
serve the purchases as well as the
entry bonus of six free shares.
CEO Valerio Battista explains
that Prysmian Group “is always
evolving”. “The YES programme,”
Mr. Battista told INSIGHT, “is part
of our efforts aimed at adapting our
offering to meet the ever-changing
needs of communities around the
world. Our versatility is one of the
reasons for our success.”
In Mr. Battista’s vision, the
employees of Prysmian
are a community spread
around the world but unified
by being part of a single
international company
which deserves special
attention as a whole: “We
didn’t want a stock option
plan reserved for the few,
but a programme that
involved almost all the
employees at every level”.
“By involving employees in the
purchase of shares, the aim of the
plan is to further strengthen the
engagement and loyalty of the
entire workforce by sharing the
same commitment to creating value
and achieving the business goals.”
The CEO sees the Group’s future
as being a company able to remain
at the forefront of delivering
connections to communities: “Our
leadership position will become even
stronger as we strongly believe in
corporate social responsibility and
in the commitment to employee
growth. There will always be a
need for energy and information.
As responsibility long as we’re
able to stay effective, efficient and
sustainable, I’m confident it’s a
future we can believe in, together.”
“A commitment to the future
of our company”
CEO Valerio Battista explains YES, the programme for employees
to become shareholders
A long term investment aimed at engaging employees and
reinforce business awareness, while at the same time aligning
the interest of different stakeholders. It will also strengthen
the perception of “one and unique company”. About 1% of
Prysmian’s shares will be in the hands of the employees in
three-year time.
