NSG Group Appointment of Group Finance Director
With effect from April 2007, NSG established an integrated global Flat Glass business, covering all of the Group's Building Products and Automotive operations worldwide.
In September 2007, the Group's Specialty Glass business, comprising the Information Technology and Glass Fiber businesses was also integrated into the new global organization, with the establishment of the new management positions of Group Chief Executive Officer (CEO) and Group Chief Operating Officer (COO).
Continuing this process, the Board of NSG Group today announces the appointment of Mike Powell as Finance Director of NSG Group. Mr. Powell, currently Group Finance Director for Pilkington Group Limited, will assume overall responsibility for all aspects of the work of the NSG Group's Finance function including Corporate, Operational and Business Line Finance. He will be based at NSG Group Corporate Headquarters in Tokyo and will report to Stuart Chambers, Group Chief Operating Officer.
Note to editors
NSG Group acquired the UK-based glass manufacturer Pilkington plc in June 2006. From April 2007, all of the Flat Glass ( Building Products and Automotive ) operations of NSG and Pilkington were combined into a global integrated Flat Glass business, managed by Stuart Chambers. The enlarged NSG Group employs around 34,000 people worldwide, with principal operations in 28 countries and sales in 130. Flat Glass accounts for around 85 per cent of Group sales, with the balance accounted for by Specialty Glass( Information Technology and Glass Fiber ). The Group reported net sales of JPY 681.5 billion ( approximately $US 5.7 billion ) in the financial year ending 31st March 2007.