Astrapak on Monday announced that it would undertake an organisational redesign to ensure the future growth of the company.
The company said it was looking to fill 22 internal and external senior management positions as part of the organisational redesign, which was being driven by Astrapak’s recently appointed CEO Robin Moore and group MD Manley Diedloff.
“Today’s announcement is an important signal for shareholders who have been disappointed with the company’s relative under-performance over the last few years,” the company said in a statement.
The new structure was focused on core technologies, with the previously distinct operating companies being merged to form five key plastics divisions – moulding, polyethylene terephthalate, thermoforming, flexible and development.
Moore noted that Astrapak’s current position was the result of merger and acquisition activity being performed over many years without a strategy to harness the collective as a means of delivering shareholder value.
“Moving forward, our restructuring plans create the necessary alignment and synergy, so that we are able to optimise the group’s manufacturing capability, human resources and national footprint to deliver better customer service and grow our market share,” he said.
Among the group’s corporate office requirements were vacancies for a best practice and continuous improvement executive, as well as a sustainability manager.
“We are changing our structure and appointing senior people who can lead the way on crucial issues such as rapidly evolving technologies, as well as consumer trends in packaging, quality, safety and sustainability,” Moore noted.
Astrapak’s financial results for the year ended February 28, 2013, would be released in May.