Orica modify their regional structure
Existing operating regions of Europe, Middle East, Asia and RoW to be merged into a single region
WITH effect from 1 February 2016, commercial explosives and blasting technology specialists Orica are to merge their operating regions of Europe, Middle East, Asia and Rest of World into one region of Europe, Africa and Asia (EAA), under the leadership of group executive Tony Edmondstone. This amalgamation was previously flagged in the announcement of Orica’s new executive structure in August 2015.
Orica’s chief executive officer and managing director, Alberto Calderon, said the merged region would provide greater efficiencies: ‘Individually, the markets covered in the combined region are smaller for Orica than in our other regions of Australia Pacific and Indonesia, North America and Latin America. As such, it is sensible to combine these under one team to leverage greater scale, and therefore help us be more competitive.
‘At the same time, we will retain our local knowledge and expertise through local leaders in each sub-region. Therefore, Europe, Asia and Africa will each have a vice-president responsible for Orica’s performance in those areas, who will be part of Tony Edmondstone’s EAA leadership team.’
Mr Calderon also said the time was appropriate to make the change: ‘When we announced our executive structure in August 2015, we said we intended, over time, to amalgamate these regions. However, at that time Tony was also responsible for leading the organization-wide transition to a new operating model and he could not have given the broader EAA region the appropriate focus. With the core framework of the operating model now settled, it is the right time for Tony to transition fully into his role as group executive and president of EAA.’
Mr Calderon added: ‘I would also like to acknowledge the leadership of Richard Brown, previously president of EMEA. He has made a valuable contribution to the executive team and I am pleased that he will continue to lead the Europe team as vice-president of Europe, reporting to Tony.’