Infineum, the global lubricant and fuel additives company, has announced that it is to restructure the company as part of its long-term strategy.
Infineum, the global lubricant and fuel additives company, has announced that it is to restructure the company as part of its long-term strategy. Infineum is reshaping its organisation with three main objectives in mind: to increase its customer focus, to develop new business opportunities with differentiated technology, and to improve its cost competitiveness.
To achieve this, the original senior management structure set up prior to start-up in 1999 will now be consolidated into four units.
The new Infineum Management Team headed by existing President and CEO Tony Gaskell will comprise Vice President - Sales, Trevor Russell; Vice President - Marketing, Nigel Bell; Vice President - Technology, Shaun Kennedy; and Vice President - Supply, Tom Dance.
"In this constantly evolving industry that is facing many structural and economic challenges from high raw material costs, overcapacity in some segments, and customer consolidation, we felt the time was now right to reshape for the future and ensure that Infineum remains a major player in the additives market for the long-term," commented Tony Gaskell.
"It is our intention to move to a less complex organisation with a simplified decision making and business processes. We will further increase our customer focus in order to ensure that we understand and consistently meet their expectations. We will continue to work on our cost reduction initiatives, such as rationalisation of any underutilised assets, and continue to target our investments into new technologies which will bring enhanced value to both Infineum and our customers," added Gaskell.
Notes to journalists:
Infineum is one of the market leaders in the development, manufacture and marketing of petroleum additives for fuels and lubricants. Formed as a joint venture between ExxonMobil Chemical Company, a division of the Exxon Mobil Corporation, The Shell Petroleum Company Ltd. and Shell Oil Company, Infineum became fully operational on 1st January 1999.
The company has its Corporate Centre in Milton Hill, near Abingdon in the UK, with three regional business centres located in Singapore, Milton Hill and Linden, New Jersey in the USA. In addition, Infineum has sales and marketing representation in over 70 countries around the world.
For more information, contact:
Tel: +44 (0)1235 549 509