Saint-Gobain restructures, speeds up asset sale

COURBEVOIE, France — Saint-Gobain has announced it will accelerate its ongoing asset sale and revamp its structure to grow its margins and trim costs. The company’s three divisions and 14 delegations will be consolidated into five reporting units, generating some €250 million in savings. At the same time, Saint-Gobain announced the appointment of Benoit Bazin as COO and Sreedhar Natarajan as chief financial officer.