info@ceoworld.biz
Saturday, July 13, 2024
CEOWORLD magazine - Latest - Executive Insider - EuroAPI Unveils Turnaround Plan Under New CEO Ludwig de Mot

Executive Insider

EuroAPI Unveils Turnaround Plan Under New CEO Ludwig de Mot

EuroAPI, a Sanofi spinoff, is embarking on a transformative journey under the leadership of its newly appointed CEO, Ludwig de Mot, who is tasked with executing a comprehensive turnaround strategy named FOCUS-27. De Mot, an industry veteran renowned for his expertise in guiding companies through transformational phases, assumes his role on Friday after joining EuroAPI in January as the Chief Transformation Officer.

The restructuring initiative comes in response to EuroAPI’s recent financial performance. While the company achieved net sales growth of nearly 4%, its losses have escalated significantly. The FOCUS-27 plan entails several strategic measures aimed at revitalizing EuroAPI’s operations.

In pursuit of operational efficiency, EuroAPI anticipates potential layoffs across all functions, including industrial operations, quality assurance, research and development, and support functions. Moreover, the company plans to optimize its industrial footprint, with proposed actions affecting its Frankfurt site and the potential mothballing of two other workshops. These strategic moves aim to enhance capacity utilization, targeting an average rate of 80% to 85%.

Furthermore, EuroAPI is evaluating the divestiture of its sites in Haverhill, England, and Brindisi, Italy, aligning with its focus on higher-value active pharmaceutical ingredients.

EuroAPI’s commitment to executing this comprehensive turnaround plan underscores its determination to regain financial stability and position itself for sustainable growth in the evolving pharmaceutical landscape under de Mot’s leadership.

 

Have you read?
Revealed: Countries With Most Submarines (2023).

Scorecard: These are the world’s top manufacturing countries, 2023.
Ranked: These Are The countries With The Highest Inflation Rate.
Ranked: 20 of the world’s youngest billionaires in 2023.
Countries and Territories Without Standing Military Forces.
Healthcare Shortage: Countries that need nurses and midwives the most, 2023.


Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
CEOWORLD magazine - Latest - Executive Insider - EuroAPI Unveils Turnaround Plan Under New CEO Ludwig de Mot
Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz