New role Teesside Cast Products Redcar plant boss
THE boss of Corus Teesside Cast Products (TCP) at Redcar is to give up day-to-day responsibility for the plant.
Jon Bolton, who as MD fought to keep the works alive after a group of international buyers walked out on a contract last year, will instead become responsible for the steel giant’s Long Products Division based in Scunthorpe.
The move is part of a wider reorganisation within Corus – now known as Tata Steel Europe – that has seen the premature departure of several senior figures in both the UK and Holland over the past six months.
Most controversial was that of Long Products director Phil Dryden, the man said to be most closely involved in talks to find a buyer for TCP, which was eventually mothballed with the loss of 1,600 jobs in February.
Mr Dryden’s departure coincided with that of the head of Corus strip products, Dutch-based Marjan Oudeman – once described as the most powerful businesswoman in Holland. Just three months earlier Scott MacDonald, the head of distribution and building systems, also walked.
At the time, Corus put the executive clearout down to natural wastage – a consequence of its decision to implement a new integrated operating structure.
The “One Company” model – intended to give it stronger focus on customers and market sectors – was introduced by outgoing chief executive Kirby Adams, and follows a return to profitability for Corus on the back of $1bn (£662m) in cost savings.
Mr Adams will leave the company in October for what one insider described as “deeply personal” reasons, although many have speculated that it has as much to do with his handling of the TCP crisis, which was seen to expose Indian parent Tata to damaging international criticism.
Mr Bolton will report to Mr Adams’ successor, London-based Karl-Ulrich Köhler, who is currently chief operating officer.