Pilkington chief to have bigger role at parent company

The chief executive of Pilkington is to take on an enhanced executive role at Japanese parent Nippon Sheet Glass (NSG) after steering the British glassmaker through its GBP 2.2 billion takeover.
Stu…

The chief executive of Pilkington is to take on an enhanced executive role at Japanese parent Nippon Sheet Glass (NSG) after steering the British glassmaker through its GBP 2.2 billion takeover. Stuart Chambers, who has been chief executive of Pilkington since 2002, is to become the head of NSG“s flat-glass division, which accounts for the vast majority of the merged group“s JPY 800 billion revenues. The appointment is expected to be announced in Tokyo in January 2007. Although he is already on the board of NSG, Chambers“ new role will be viewed as an endorsement of the way he has bridged the cultural divide between the two companies. NSG“s takeover of St Helen“s-based Pilkington, which was substantially larger than the Japanese company, came after months of sometimes difficult negotiations. Sir Nigel Rudd, the then chairman of Pilkington, rejected three approaches from NSG before recommending an offer for one of Britain“s largest quoted manufacturing businesses.