Peter Durante has been an important part of Prysmian Group human resource planning transformation. Only 15 years ago it was, in the words of Peter Durante, VP HR & Organisation Central Eastern Europe at Prysmian Group, “a private owned company, part of a conglomerate and not particularly successful.” In 2007, Prysmian became a listed company on the Milan Stock Exchange, becoming fully public in 2010. And one year later, it acquired one of its major competitors, Draka, to form the business that it is today: with sales of about €7.5 billion and over 21,000 people across 50 countries and 82 plants.We have shown to ourselves and to our stakeholders that we can be a consolidator in the market. But we also realised that our historical strengths – our culture – was not enough to guarantee the future. So we decided to change some of our credo, to invest in IT and processes more than in the past, and prepare a structured approach in terms of hiring and training the next management generation.” This work has included creating a dedicated managerial academy and regional academies around the world. In addition, the Group has opened two new technical training centers, in Turkey and the US. The organisation’s performance management processes have also been completely redesigned.
- VP HR, Prysmian Group