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Boral announce new business structure

Mike Kane

Company announces restructuring initiatives in bid to reduce overheads and improve competitiveness

Boral Ltd have announced restructuring initiatives which, they say, will strengthen the company’s competitiveness and result in a significantly streamlined and more responsive organization with a lower, more sustainable fixed cost base.

The changes, coupled with recent operational rationalization initiatives and outsourcing projects, will result in around 1,000 redundancies, the majority of which are expected to be completed by March 2013.

 

Mike Kane, chief executive officer and managing director, said: ‘My 100-day review of the business highlighted the need to make some tough decisions. This is a great company with a great history and great potential. However, over time, it has become burdened with excessive overhead costs. While this may be less obvious during the good times, it becomes critically exposed when times are tough.

‘The restructure I am announcing today will transform the Group into an organization that is more responsive to the realities of a cyclical marketplace and one that remains competitive not just during the cycle highs, but when conditions are challenging, as they have been for the past few years.

‘Our more streamlined organization will align with Boral’s operational footprint, which has become more focused through recent divestments, closures and capacity rationalization activities. Regrettably, the changes will mean job losses at the executive level, in the corporate office, in divisional offices and in the businesses.’

In the Cement division, divisional managing director Mike Beardsell will leave the organization at the end of January, and Ross Harper, who is currently in the role of operations manager, will increase his responsibilities to become executive general manager of the division. His current position will not be replaced.

In the Building Products division, divisional managing director Bryan Tisher will leave the organization at the end of January, and Darren Schulz, who has held a variety of management roles in Boral’s US Roofing businesses, will become executive general manager of a smaller, more streamlined Building Products division. 

 

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