20 February 2017

5N Plus makes changes to executive management structure

Specialty metal and chemical products firm 5N Plus Inc of Montreal, Québec, Canada has announced changes to its executive management structure.

5N Plus provides purified metals such as bismuth, gallium, germanium, indium, selenium and tellurium, and also produces related II-VI semiconducting compounds such as cadmium telluride (CdTe), cadmium sulphide (CdS) and indium antimonide (InSb) as precursors for the growth of crystals for solar, LED and eco-friendly materials applications.

The firm notes that its existing structure has been effective in managing costs and implementing best practices. In 2016, total costs (excluding variable and metal costs) were over 20% lower than just two years ago. While it continues to manage costs, management has adopted a new structure to emphasize growth along business segments and in alignment with the company's 5N21 strategic plan. The following changes have therefore been implemented:

• Responsibilities assumed by the former functions of chief commercial officer and chief operating officer are being reallocated across the existing business segments (Eco-Friendly and Electronic Materials) and will be led by two executive vice presidents.
• Nicholas Audet, formerly chief commercial officer, has been appointed executive VP, Electronic Materials.
• Paul Tancell, formerly global general manager of the Electro-Optic Materials business unit of Belgium-based materials technology and recycling group Umicore, has joined 5N Plus and has been appointed executive VP, Eco-Friendly Materials.

These functions report to president & CEO Arjang (AJ) Roshan. "Having leveraged our functional structure to markedly enhance our organizational efficacy and significantly shrink our cost structure, we see the need for further evolution," says Roshan. "Our new management structure is designed to maintain our discipline around cost management while accentuating growth and emphasizing contribution from emerging opportunities," he adds. "This structure is ideally positioned to deliver the objectives of our 5N21 strategic plan, and provides for better management accountability," he believes.

See related items:

5N Plus consolidating operations

5N Plus appoints senior VP of Umicore's Electro-Optic Materials as president & CEO 

5N Plus' co-founder, president & CEO L'Ecuyer steps aside

Tags: 5N Plus

Visit: www.5nplus.com