Aluminium recycling and rolling company Novelis has announced that its President and Chief Executive Officer Philip Martens has left the company. The reasons for Martens departure have not yet been made public.
The Board of Directors has appointed Steve Fisher (pictured right), the company’s Senior Vice President and Chief Financial Officer, as Interim President, effective immediately. Fisher will also continue to serve as Senior Vice President and Chief Financial Officer during this interim period.
The search for a permanent chief executive is under way.
Kumar Mangalam Birla, Chairman of the company's Board of Directors, commented: “The board would like to thank Phil for his service to Novelis during a critical time of growth and expansion.
“Given Steve’s deep knowledge of Novelis and strong support of the rest of the executive team, we have great confidence in his ability to lead the company during this interim period.”
Fisher said: “I am honored to lead Novelis during the Board's search for a new Chief Executive.
“The company's commitment to [its] existing business strategy remains unchanged and I look forward to working with our strong senior executive team as we continue to focus on growing our portfolio of premium products and advancing our sustainability leadership.”
Novelis is the world’s largest recycler of aluminium and currently employs 10,900 people across 11 countries.
Find out more about Novelis.
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How will the government and DMOs address the challenges of including glass in DRS while ensuring a level playing field across the UK?
There's no easy solution to include glass in the DRS while maintaining a level playing field. Potential approaches include a phased introduction of glass, potentially with higher deposits to reflect its logistical challenges. The government and DMOs could incentivise innovation in glass packaging design and subsidise dedicated return points for glass-handling. Exemptions for smaller businesses unable to handle glass might also be necessary. Any successful solution will likely blend several approaches. It must address the differing priorities of devolved administrations, balance environmental benefits with logistical and cost implications, and be supported by robust consumer education campaigns emphasizing the importance of glass recycling.