Organization
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Business Units
Business units are the key organizational units. We believe in decentralization and in entrusting a large degree of autonomy to each of our business units. The business units in turn are held accountable for their contribution to the company’s value creation and commitment to sustainability. Business units are regrouped in business groups according to strategic business development themes. -
Shared Operational Functions
In areas where economies of scale or the advantages of a centralized expertise are significant, shared operational functions are organized. -
Corporate departments
Corporate departments manage specific company-wide tasks and common resources, set general policies and exercise a control function. -
Executive Committee
The Executive Committee creates a vision for the Group and approves the strategies of the business units and monitors their implementation. It develops the overall company strategy and submits it to the Board of Directors. It approves all major human resources and capital allocation decisions. -
Board of Directors
The Board of Directors is responsible for the overall strategy of the company. It appoints the CEO and the members of the Executive Committee and oversees their performance. It ensures that Umicore operates in accordance with principles of good corporate governance.
