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Saint-Gobain CEO looks to Germany for recovery

Pierre-Andre de Chalendar, CEO of Compagnie de Saint-Gobain SA, believes that Germany is crucial to Europe“s recovery.
Germany will “play a key role in the relaunch of Europe“s economy”, he said. “…

Pierre-Andre de Chalendar, CEO of Compagnie de Saint-Gobain SA, believes that Germany is crucial to Europe“s recovery. Germany will “play a key role in the relaunch of Europe“s economy”, he said. “People believe that they have made more effort than other countries and that now they are being asked to do even more to help everyone else. But Germany needs to launch a plan to help Germany”, he told the Financial Times in an interview published 13 January 2009. Although Germany accounts for only about 7% of Saint-Gobain“s EUR 43 billion annual turnover, Mr. de Chalendar believes that the soon-to-be-launched German stimulus package will not only revive Europe“s biggest economy, but also help to stop the malaise that is spreading throughout industrial Europe.

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