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Stock impact report

Prysmian re-jigs Latam management, eyes offshore wind farm demand in Brazil [Reuters]

PRYSMIAN S.P.A. UNSP/ADR (PRYMY) 
NASDAQ:AMEX Investor Relations: prysmiangroup.com/en/investors
Company Research Source: Reuters
gears up local plants to boost supply to the electricity sector and future offshore wind farms in the region, the company told Reuters. Raul Gil Boronat, who led Prysmian in Brazil, took over as CEO for Latin America earlier this year. He was replaced in the country by Emerson Tonon, who previously was vice president of operations for the region. Ad Break Coming Up NEXT Stay Next Off English About Connatix V430337 About Connatix V430337 Skip Ad Continue watching after the ad Visit Advertiser website GO TO PAGE The swap comes as Prysmian bets on fresh demand for the energy sector in the Latin American market, with increased need for cables for generation, transmission and distribution and with the development of the first offshore wind projects in Brazil, which rely on submarine cables to deliver energy. "Everyone is talking about offshore wind in Brazil, the message we have for the market is that the supply chain for cables will be ready," Boronat t Show less Read more
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