Prysmian Group announces its new organizational structure to allow the group to pursue its mid-term ambitions and to sustain the long term leadership. Leveraging on the management continuity and valuing the succession planning pipeline, the designated CEO Massimo Battaini reshaped the leadership team to better capture market trends (energy transition, electrification and digital transformation), strengthen customers focus while unleashing the best talents in the Group, increasing at the same time the international profile as well as the gender balance in the top management. Starting from January 1, 2024, four new business segments will be in place: Transmission, Power Grids, Electrification and Digital Solutions, led by: Transmission: Hakan Ozmen; Power Grids: Cinzia Farisè; Electrification: Cristiana Scelza; Digital Solutions: Frederick Persson.

The Group matrix organization will continue to stay in place to guarantee the company ability to be very close to the local markets and customers (through regions and countries) while reinforcing the continental and global synergies, acting as a major partner through the business segments. With regards to the Group 9 Regions, changes in leadership will regard: Central East Europe where Sezgin Islamoglu will become CEO of the Region; Middle East, Turkey, India, Africa and Russia, where Erkan Aydogdu will lead the Region being also appointed CEO of OCI Group, listed on the Muscat Stock Exchange; Oceania and South Est Asia, where Hamavand Shroff will be appointed CEO of the Region; Latin America, where Raul Gil will take over the responsibility of the Region. The leadership of the other regions will remain unchanged.

In addition, at Corporate level, Maria Cristina Bifulco will be promoted Chief Investor Relations, Sustainability and Communication Officer.