NSG GROUP – Changes in Senior Management Structure

With effect from April 2007, NSG established an integrated global Flat Glass business, covering all of the Group’s Building Products and Automotive operations worldwide.

This integration is making excellent progress. Now, NSG Group’s Specialty Glass business, comprising the Information Technology and Glass Fiber businesses will also be integrated into the new global organization.

To advance the processes of integration and globalization, we have created the new management positions of Group Chief Executive Officer ( CEO ) and Group Chief Operating Officer ( COO ). In this way, we will ensure that we leverage all available expertise and experience in the management of a truly international company. These changes are intended to strengthen further the senior management structure of the NSG Group to enable us to achieve the objectives of the Group’s Vision and Medium-Term Plan.

Therefore, the Board of NSG Group announces the following senior management appointments, to take effect from 1st October 2007. Yozo Izuhara will continue in the role of Chairman of NSG Group, leading the Board of NSG Group. Katsuji Fujimoto, currently President and Representative Director, is appointed President and Group Chief Executive Officer ( CEO ), with responsibility for monitoring the profitable operation and development of the NSG Group. Stuart Chambers, currently Executive Vice President and Director, is appointed Executive Vice President and Group Chief Operating Officer ( COO ) and Representative Director, with responsibility for managing the operations of the NSG Group.

Note to editors

NSG Group acquired the UK-based glass manufacturer Pilkington plc in June 2006. From April 2007, all of the Flat Glass ( Building Products and Automotive ) operations of NSG and Pilkington were combined into a global integrated Flat Glass business, managed by Stuart Chambers. The enlarged NSG Group employs around 34,000 people worldwide, with principal operations in 28 countries and sales in 130. Flat Glass accounts for around 85 per cent of Group sales, with the balance accounted for by Specialty Glass ( Information Technology and Glass Fiber ). The Group reported net sales of JPY 681.5 billion ( approximately $US 5.7 billion ) in the financial year ending 31st March 2007.

600450 NSG GROUP – Changes in Senior Management Structure glassonweb.com
Date: 28 September 2007
Source: www.nsggroup.net

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