NORNICKEL ADOPTS DIVISION-BASED ORGANISATIONAL STRUCTURE - 6 August
Moscow, 6 August, 2020 — Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, continues to streamline its organizational structure, with the Group’s core operations will be grouped into three divisions — Norilsk, Kola and Trans-Baikal. The Management Board approved new structure on August 5th.
“The new division-based system paves the way for remarkably better corporate governance by spurring decision-making at production sites and raising the responsibility of their leadership. Divisions will bear comprehensive operational responsibility for production, infrastructure, financial performance, and risk management within their remit,” said Nornickel’s President Vladimir Potanin.