Paris, June 20, 2011 — The Alstom board approved a reorganization of the company proposed by Patrick Kron, chairman and CEO of Alstom. This reorganization is effective on July 4, 2011.
Alstom has undergone a period of growth, followed by the necessary adaptation to a tougher economic environment created by the crisis. As the company is experiencing a rebound in orders, this new organization will allow the group to better anticipate the structural changes in its business, accelerate its development and achieve its performance objectives.
This reorganization includes the creation of a position of deputy CEO, the reshaping of the operational activities of the group into four sectors and an evolution of its executive committee.
Philippe Joubert, who has successfully led the recovery and the development of the power sector, is appointed deputy CEO. He assists Patrick Kron in the strategy and group development, the sustainable development and the supervision of the international network.
The operational activities of the group, which were until now, split into three sectors (power, transport and grid) will now be organized in four sectors: Alstom Thermal Power, Alstom Renewable Power, Alstom Grid, Alstom Transport.
The split of the current power sector into two sectors, thermal and renewable, will allow the functioning of both entities to be simplified and to better address their specific markets.
* Philippe Cochet, currently senior vice president Alstom hydro and wind within the power sector, is appointed president of Alstom thermal power and executive vice president of Alstom. The new Alstom thermal power sector has sales of over $12.8 billion and 38,000 employees. It covers gas, steam and nuclear power generation as well as the service and automation and control activities.
* Jerome Pecresse, who leaves Imerys to join Alstom, is appointed president of the Alstom renewable power sector and executive vice president of Alstom. The new Alstom renewable power sector has sales of around $2.8 billion and 10,000 employees. It covers hydro, wind and other renewable sources of energy.
* Henri Poupart-Lafarge, currently executive vice president of Alstom and president of the grid sector, is appointed president of the transport sector. He leaves Alstom Grid at the request of Patrick Kron to replace Philippe Mellier, whose departure from the company was announced on May 16. Alstom Transport has sales of more than $7.1 billion and 24,000 employees.
* Gregoire Poux-Guillaume, a former Alstom manager, leaves CVC Capital Partners to return to Alstom. He is appointed president of the Alstom grid sector and executive vice president of Alstom. The grid sector has sales of more than $5.69 billion and 19,000 employees.
In addition, Keith Carr, group general counsel since April 2011, and Bruno Guillemet, senior vice president human resources of the group since September 2010, join the executive committee. Bruno Guillemet replaces Patrick Dubert who joined Alstom in 2003 as senior vice president, human resources and who will continue to assist the CEO on specific missions and projects.
Alstom’s executive committee will have 9 members, of which five new members. Around Patrick Kron as chairman and CEO, the executive committee will be composed of Philippe Joubert, deputy CEO; Philippe Cochet, president of Alstom thermal power and executive vice president; Jerome Pecresse, President of Alstom renewable power and executive vice president; Henri Poupart-Lafarge, President of Alstom Transport and executive vice president; Gregoire Poux-Guillaume, President of Alstom Grid and executive vice president; Nicolas Tissot, chief financial officer; Bruno Guillemet, senior vice president, human resources; Keith Carr, general counsel.