ICI Looks to Boost Performance, Downplays Talk of Divestitures
LONDON - ICI said it plans to focus on "performance transformation rather than portfolio transformation," and indicated that major divestitures are viewed as being "unattractive at present."
Separately, ICI announced that David Hamill, a member of the Group Management Committee of Royal Philips Electronics, will join the company as ICI Paints chairman and chief executive and will become a member of the ICI board as an executive director. Hamill will assume the leadership of ICI Paints on Dec. 8.