Air Liquide Simplifies Its Organization to Meet Growing Market Demand and Boost Performance
July 01 2024 - 11:45AM
Business Wire
Regulatory News:
Capitalizing on its ADVANCE strategic plan for
2025, on an enhanced performance ambition and on a record-high
number of investment opportunities, Air Liquide (Paris:AI) has
launched a new Group transformation program to foster agility and
improve efficiency. To support this program, the Group is
announcing several organizational and governance changes, to be
effective September 1, 2024.
François Jackow, Chief Executive Officer of the Air Liquide
Group, said : “Air Liquide's robust business model and the
successful implementation of its ADVANCE strategic plan have
well-positioned the company to prepare for the future. We have
never had so many projects ahead! Seizing these emerging growth
opportunities, which contribute to tackling major global challenges
such as industrial decarbonization or supporting the growth of the
electronics sector, will require substantial investments. It will
also require that we simplify our own internal organization to
further improve agility, accelerate decision making, and leverage
the company’s scale to deliver competitive advantage. I trust our
employees and customers alike will appreciate this renewed
commitment to be more performant, more efficient, and more relevant
than ever -unlocking our full potential to be fit for the
future.”
A simplified organization for more performance and
agility
As part of its ADVANCE strategic plan and associated performance
ambition, this multi-year transformation initiative is designed to
position Air Liquide for sustained growth and long-term success, by
boosting performance sustainably while improving the way the Group
delivers added value to its stakeholders.
Simplifying the organizational matrix is one important component
of performance delivery. To that end, Air Liquide will implement
multiple changes, such as reducing layers within the
organization and adopting a simplified structure composed of
Operations and Functions interacting directly.
In addition, a single worldwide Group Industrial
Direction will be created to better serve our multiple
customers by leveraging our know-how and optimize the Group’s
industrial processes, ensuring highest standards of safety,
quality, reliability, and efficiency for our customers.
Within the Executive Committee, an adjusted Governance
reflecting these organizational changes, as of September
1st:
- Emilie Mouren-Renouard, Group Vice President, will
directly supervise all clusters located in Europe and Africa Middle
East India.
- Armelle Levieux, Group Vice President Innovation and
Technology, will supervise Engineering and Construction in addition
to her current responsibilities.
- Pascal Vinet, Executive Group Vice President,
will supervise the newly created Group Industrial Direction, in
addition to supervising the Group Safety and the Industrial
Merchant Business Line.
- Michael J. Graff, Executive Group Vice President,
retired at the end of June, 2024.
The respective scopes of the other members of the Executive
Committee remain unchanged.
François Jackow commented: “I would like to take this
opportunity to thank Mike Graff for his long standing contribution
to the development of Air Liquide, in particular in the
Americas.” Commenting on the new transformation program, he
added “ I have every confidence that this simplified
organization will enable us to better serve our customers and
patients while boosting further the level of engagement of our
teams. Together with all of them, we will continue to position the
Group for the future, by seizing growth opportunities while
effectively addressing the evolving needs and expectations of our
customers and employees.”
Air Liquide is a world leader in gases, technologies and
services for industry and healthcare. Present in 72 countries with
67,800 employees, the Group serves more than 4 million customers
and patients. Oxygen, nitrogen and hydrogen are essential small
molecules for life, matter and energy. They embody Air Liquide’s
scientific territory and have been at the core of the Group’s
activities since its creation in 1902.
Taking action today while preparing the future is at the heart
of Air Liquide’s strategy. With ADVANCE, its strategic plan for
2025, Air Liquide is targeting a global performance, combining
financial and extra-financial dimensions. Positioned on new
markets, the Group benefits from major assets such as its business
model combining resilience and strength, its ability to innovate
and its technological expertise. The Group develops solutions
contributing to climate and the energy transition—particularly with
hydrogen—and takes action to progress in areas of healthcare,
digital and high technologies.
Air Liquide’s revenue amounted to more than 27.5 billion euros
in 2023. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX
50, FTSE4Good and DJSI Europe indexes.
www.airliquide.com Follow us on Twitter
@airliquidegroup
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