Vallourec's Strategic Enhancements for Global Operations
Vallourec is embarking on an exciting new chapter with the creation of its Operations Department, alongside significant improvements in its Process and Engineering Department. This strategic move arises from the commitments of the New Vallourec plan, which prioritizes industrial excellence to elevate the quality of Vallourec’s offerings.
New Organizational Structure Focuses on Efficiency
The new organizational setup demonstrates Vallourec's dedication to adopting the best technologies and industrial processes while ensuring operational efficiency. Philippe Carlier has been appointed to spearhead the restructured Process and Engineering Department. His leadership within the executive team will focus on enhancing the efficiency of the delivery of Vallourec’s products and services.
Leadership and Integration in Operations Department
The newly created Operations Department will be directed by Bertrand Frischmann, who has taken the role of Chief Operations Officer (COO). This department will encompass operations across the Americas, as well as the Eastern Hemisphere Industrial Departments, enhancing core functions such as Purchasing, Supply Chain, Quality and Industrialization, along with Operational Excellence.
A Shift Towards Value Enhancement
This organizational evolution, effective immediately, marks a progressive step in implementing the New Vallourec plan. This transformation emphasizes a shift towards focusing on value rather than simply volume, utilizing the integration of operations with support functions to achieve this goal. Bertrand Frischmann will be transitioning to Meudon for his new responsibilities next summer, indicating Vallourec's commitment to centralizing its operations.
Commitment from Leadership to Drive Growth
Philippe Guillemot, Chairman of the Board of Directors and CEO at Vallourec, emphasizes the importance of this new structure in propelling the execution of the New Vallourec plan. He expresses confidence in the leadership capabilities of Bertrand Frischmann and Philippe Carlier, stating their commitment to establishing Vallourec as a key global industrial leader
About Vallourec: A Global Industry Leader
Vallourec stands at the forefront of the market, recognized as a leading provider of premium seamless tubular solutions, particularly for energy and industrial applications. Its solutions are essential in challenging environments such as oil and gas wells and sophisticated architectural projects. With around 14,000 team members spread across more than 20 nations, Vallourec combines technological innovation and strong partnerships with customers to offer not just tubes, but also comprehensive, smart, and competitive tubular solutions.
Stock Listings and Market Presence
Vallourec is prominently listed on Euronext in Paris, showcasing its commitment to transparency and investor relations, available under the ISIN code FR0013506730 and Ticker VK. The company is also a participant in multiple market indices, including the CAC Mid 60, SBF 120, and Next 150. Notably, there exists a sponsored Level 1 American Depositary Receipt (ADR) program in the United States, which allows for a 5:1 parity between the ADR and Vallourec ordinary shares.
Contacting Vallourec's Investor Relations
For additional inquiries, please reach out to:
Investor Relations Contact
Connor Lynagh
Tel: +1 (713) 409-7842
Email: connor.lynagh@vallourec.com
Individual Shareholders Support
Toll-Free Number: 0 805 65 10 10
Email: actionnaires@vallourec.com
Frequently Asked Questions
What is the new structure of Vallourec's departments?
Vallourec has created a new Operations Department and strengthened its Process and Engineering Department to improve efficiency and performance.
Who is leading the new departments at Vallourec?
Philippe Carlier will lead the Process and Engineering Department, while Bertrand Frischmann has been appointed as Chief Operations Officer to head the Operations Department.
What is the aim of Vallourec's new organizational strategy?
The new strategy focuses on enhancing value over volume by integrating operations with support functions.
Where is Vallourec listed publicly?
Vallourec is listed on Euronext in Paris under the ISIN code FR0013506730 and Ticker VK.
How can investors contact Vallourec for support?
Investors can reach out to Investor Relations via phone at +1 (713) 409-7842 or email at connor.lynagh@vallourec.com.
