Genoa - The majority shareholder of Ansaldo STS, Hitachi Rail, is starting to restructure the company, revamping its divisions and command posts in order to relaunch it on the market. But also in view of the integration of the railway signalling company into the group, as already achieved with AnsaldoBreda.
This integration project not yet completed due to a dispute with minority shareholder Elliott, Paul Singer’s U.S.-based fund, which owns 30% of Ansaldo STS Tokyo, provides for an extensive internal reorganisation, one that is marred by the prospect of further developments when Hitachi and Elliott finally reach an agreement on the share price (Hitachi needs to buy Elliott’s 30% to delist STS and integrate it into the group as happened with Breda). In April and May, Il Secolo XIX broke the story on some of the contents of the reorganisation, which was presented to four thousand employees in detail yesterday.
The reform will take place in two phases: the first by October, and the second by June 2019. The structure of the divisions, now very fragmented and organized by sector, has evolved into a regional approach: Christian Andi will head the EMEA business unit (Europe, Middle East, Africa) and Michele Fracchiolla will head the APAC business unit (America, Asia Pacific).
All of Ansaldo STS’ technological skill in the fields of engineering, product development, verification and validation will be combined under a new organisational unit, which is strategic in terms of its content, called Technology and entrusted to Giuseppe Gaudiello, a highly experienced and competent manager in railway signalling, who will report directly to Andy Barr. A new global supply chain structure will also be created to absorb more functions, from purchasing to logistics, and will be headed by Ulderigo Zona.
Among the most important new features is the creation of a division dedicated to all after-sales activities, a segment in which Hitachi has decided to focus on advancing: the Service and Maintenance business unit will be entrusted to Edoardo La Ficara (Institutional Affairs) on an interim basis. After the integration, this move could bring the division under the leadership of Maurizio Manfellotto, the Breda manager who is currently the chief of the same division in Hitachi Rail Italy.