13 July 2001
Infineum Restructures for the Future
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: Malcolm Rose
Infineum UK
Tel: +44 (0)1235 549 509 |
