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Norway

Elkem Changes Corporate Structure and Top Management

Wednesday, July 01, 2020

Elkem/NO has appointed Inge Grubben-Strømnes as SVP for Silicon Products, a new division set up to sharpen the commercial focus and further improve operational excellence across the company’s activities within silicon materials and foundry products, thereby increasing economies of scale.

Going forward, Elkem will have three business divisions: Silicones, a fully integrated silicones producer; Silicon Products, a provider of silicon, ferrosilicon and related specialty products; and Carbon Solutions, a supplier of electrode paste and speciality products to the ferroalloys, silicon and aluminium industries.

The changes took effect 1 July 2020 and will be reflected Elkem’s financial reporting from the 3rd quarter 2020.

“Elkem has changed significantly over the past years, especially through the integration of the silicones business. Now, we are the world’s leading fully integrated supplier of silicon-based advanced materials, from quartz to specialty silicones. Today we change the corporate structure to accelerate specialisation and further improve operational excellence, in line with our strategy for continued profitable growth. With these changes, we continue to safeguard Elkem’s business in a challenging market environment, at the same time as we develop competitive positions for the future,” says Elkem CEO Michael Koenig.

 

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