|
by David R. Brousell, MA Editorial Staff, Stephanie Neil, MA Editorial Staff   | Abstract: | With a major refinancing effort behind it and alliances with SAP and Microsoft beginning to bear fruit, Invensys is looking ahead with confidence. |
Invensys' new CEO Ulf Henriksson has taken the helm at a pivotal time for the process management firm. As the company regains its financial footing, Henriksson is focused on growing Invensys' technology, investing in its workforce, and making efficiency a hallmark of all its business units. Henriksson joined Invensys plc as Chief Operating Officer in May 2004 and was appointed Chief Executive in July 2005. Managing Automation's editors caught up with him to discuss the importance of honoring commitments, Invensys' burgeoning industry alliances, and the company's ongoing plan for revitalization. Q: You have become CEO of Invensys at a time that seems to be a turning point for Invensys. What is your degree of confidence that the stabilization of the company has now been completed? Or are there further steps, including major disposals, that you think still need to be made?
A: I agree with you that Invensys is at a turning point. Through last year's refinancing, we now have financial stability that allows us to put the past behind us and to focus upon the next stage of our recovery plan. We have now completed the significant disposals programs that were announced at the time of the refinancing with only a few minor ones left to execute. We now have substantial cash on the balance sheet to deal with our legacy liabilities and to run the businesses, with no significant debt repayments to be made until 2009. We have no need to make any further disposals. [Click to continue] |