Martens named CEO of Novelis
Philip Martens has been named president and chief executive officer of Novelis, a leader in aluminium rolled products and can recycling.
Martens (pictured) joined the company as president and chief operating officer in May 2009.
The announcement comes as Novelis’ performance shows dramatic improvement and the company’s influence grows in the global aluminium industry. Since joining the organisation, Martens has introduced a number of initiatives designed to create a truly integrated, global company driven by a singular focus. These moves included a reorganisation of the global management team, new best-practices in global financial reporting, new workplace safety protocols, across-the-board product price adjustments, capital investments in Brazil, Europe and Asia, strategic cost-reductions and a host of new contracts in the industries of automotive, packaging and consumer electronics.
In December 2010, Novelis announced a historic $4.8 billion debt restructuring and a $1.7 billion return of capital to its parent company.
“This announcement is recognition for the entire Novelis organisation, people who have worked diligently to deliver value in recent times,” comments Martens. “I’m certain the best years of Novelis lie ahead, and it is an honour to lead this group of talented professionals.”