As announced at our Capital Markets Day on the 12th October, Synthomer is moving to a new Divisional structure from 1st January 2023 in alignment with our refreshed strategy and the aspiration to become a specialty chemicals company focused on select attractive end markets. The changes will leverage our strengths to build end-market orientation, customer focus, innovation and a Synthomer Excellence driven culture.
Focusing on our selected attractive end markets; Coatings & Construction, Adhesives, and Health & Protection, we can drive future profitable growth. This focus will enable us to prioritise, to allocate resources accordingly and to build a culture of excellence on our journey towards an end-market oriented specialty chemicals portfolio.
We will run the company through a simple and lean Divisional structure, with clear and comprehensive responsibility and accountability for business performance and growth according to the strategy. Our differentiated organisation structure is aligned to our focus end markets and consists of the following 3 new Divisions:
- Coatings & Construction Solutions (CC) – Ana Perroni Laloe, President
- Adhesive Solutions (AS) – Toby Heppenstall, President
- Health, Protection and Performance Materials (HPPM) – Rob Tupker, President
The Executive Committee has been working on the design of the new Divisions to reflect the company strategy, the new organisation will include additional roles to drive business growth as well as eliminate certain roles to further enhance strategic focus and reduce complexity which will be subject to all appropriate consultations and obligations.
Michael Willome
Group Chief Executive Officer