ATLANTA, June 1, 2012 /PRNewswire/ -- Novelis Inc.,
the Atlanta-based world leader in
rolled aluminum products and can recycling, announced today that
its senior vice president and chief financial officer, Steve Fisher, has been named Atlanta's CFO of the Year by the Atlanta
Business Chronicle. The Atlanta-based business publication presented
Fisher with the award for top CFO among large private companies on
June 1, 2012, at a ceremony in the
Hyatt Regency Atlanta.
(Photo:
http://photos.prnewswire.com/prnh/20120601/CL17246 )
"Steve's forward thinking has been a vital part of Novelis'
growth, and on behalf of the company, I congratulate him on the
remarkable achievement of winning CFO of the Year," said president
and chief executive officer of Novelis, Phil Martens. "He has played an essential role
in the turnaround of this company, helping us to transform it into
a truly world-class corporation and the leader in our industry in
few short years."
In recognizing Fisher, the publication cited his innovative
ideas to improve risk management, reduce costs and achieve record
financial growth. Since Fisher joined Novelis in 2006, the
company has undergone significant refinements to its business
model, including changes in management and restructuring. Under his
financial leadership, in 2010 Novelis completed a $4.8 billion capital refinancing and returned a
$1.7 billion dividend to its parent
company. Novelis is expanding globally and, since the start
of 2010, has announced investments totalling nearly $1.4 billion. For its recently completed 2012
fiscal year, the company reported adjusted EBITDA of more than
$1.0 billion and net sales of
$11.1 billion.
About Novelis
Novelis Inc. is the global leader in aluminum rolled products and
aluminum can recycling. The company operates in 11 countries, has
more than 11,000 employees and reported revenue of $11.1 billion in fiscal year 2012. Novelis
supplies premium aluminum sheet and foil products to automotive,
transportation, packaging, construction, industrial, electronics
and printing markets throughout North
America, Europe,
Asia and South America.
Novelis is a subsidiary of Hindalco Industries Limited (BSE:
HINDALCO), one of Asia's largest
integrated producers of aluminum and a leading copper
producer. Hindalco is a flagship company of the Aditya Birla
Group, a multinational conglomerate based in Mumbai, India. For more information,
visit www.novelis.com and follow us on Twitter at
twitter.com/Novelis.
SOURCE Novelis Inc.