An executive committee tailored to our industrial ambition
EXECUTIVE COMMITTEE ( June 2021)
The Executive Committee is the main decisionmaking body and comprises ten members including Christopher Guérin, Chief Executive Officer.
It is responsible for determining Nexans’ strategy, allocation of resources, and organization. The Executive Committee’s main duties include enhancing the Group’s relationship with the markets and its customers, its capacity to anticipate change and the agility of its organizational structure, executing (cost control, innovation, service development and transformation) and, lastly, internationalizing the Group’s management profile in order to adapt to and keep ahead of the changes taking place in the wider world. In addition to Christopher Guérin, the Executive Committee comprises:
- Four heads of geographic areas and business sectors;
- Five heads of operating divisions.
A TEAM STREAMLINED FOR THE 2021-2024 STRATEGY
Larger and streamlined, the Executive Committee team reflects the strategic importance of the relationship Nexans enjoys with its customers and markets and embodies its ability to undergo change. It has been formed to achieve Nexans’ industrial goal of becoming a sustainable electrification pure player. It is the righ team to implement the 2021/2024 strategy and ensure that Nexans becomes a unique and fully-integrated player covering the entire electrification value chain, from energy production through to transmission and distribution, right up to the end consumer.
THE STRENGTH OF DIVERSITY
Many forms of diversity are represented on Nexans’ Executive Committee including religion, gender, sexual orientation and cultural pluralism, with five nationalities including the first member from Norway, a country representing the second largest employee base at Nexans. January 2020 saw the nomination of the Group’s first woman managing one of Nexans’ 4 Business Groups, representing 31% of EBITDA and 71% of CAPEX and at the heart of the Group’s strategy. With female representation standing at 10%, the Executive Committee is increasing the percentage of women - both among its members and in top management positions - from 13% in 2018 and 15% in 2020 with an objective of between 18% and 20% by 2023. The current succession plan for the Executive Committee has identified two women internally who, if needed, could succeed two male incumbents. In addition, the Group has committed to adding one woman to the Executive Committee by the end of 2024.
A YEAR OF PANDEMIC MANAGEMENT
Throughout 2020, Nexans’ crisis management culture enabled it to take measures that proved successful. In the current macro environment and incorporating no material change in the current view of the impact of the Covid-19 crisis, in 2021 the Group is accelerating its new strategic move towards sustainable electrification.
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