Novelis appoints new President and CEO
Fisher previously held the position of Chief Financial Officer and recently Interim President and CEO. He will continue to serve as Chief Financial Officer until a successor is named.
Mr Kumar Mangalam Birla, Chairman of the Board of Directors of Novelis believes that under the company’s focus on maximising the performance of the business, “There is no better person to lead Novelis, than Steve Fisher”. Whilst Fisher has already played a pivotal role in the company’s growth with extensive strategic and financial expertise, Mr.Kumar Mangalam Birla also affirms Fisher will further aid Novelis to “prosper and continue to strengthen its global leading position in aluminium rolling and recycling.”
Fisher first joined Novelis in 2006 and went on to serve in a number of executive positions. For instance, during Fisher’s tenure as Chief Financial Officer, Novelis invested approximately $2 billion to transform and grow its business, and as Vice President of Strategic Planning and Corporate Development, Fisher spearheaded major strategic, corporate and financial transactions across the company, most notably the discussions that led to the acquisition of Novelis by Hindalco in 2007.
Regarding his new appointment, Fisher says he is “honoured” to lead Novelis and believes there are “immense opportunities ahead” for the company. Looking to the future for Novelis, he states that “we will remain focussed on optimising our manufacturing and recycling operations, serving as the preferred partner to our customers, and continue our growth in the premium markets of can, automotive and speciality products.”