Novelis announced that its CEO, Phil Martens, left the company, and with an interim chief in place, the aluminum supplier has started looking for a new leader. The change was not accounted for any particular reasons by the board of directors.
Martens stated for the Detroit Free Press that the agreement was mutual and it was “good for both sides”. The change comes only three weeks after the India-owned supplier started its fiscal year at the beginning of April.
The 55 year old former chief said that he wanted to play more tennis and do more skiing, and that there was a good window for the company to make a change in terms of leadership at this time.
Due to Marten’s work with Ford, the business for Novelis is doing better than ever as the supplier has a large contract with Ford to provide aluminum for the car bodies of new Ford pickup trucks.
Steve Fisher was appointed interim president in the meantime according to Novelis, which also added that Marten’s departure as CEO and president started immediately.
Martens spent 18 years of his career at Ford, overseeing product development at subsidiary Mazda in Japan and then in Dearborn, Michigan in the U.S. Leaving Ford in 2005, he worked for suppliers like Plastech Engineered Products and ArvinMeritor before starting as chief operating officer at Novelis in 2009, where he was promoted to CEO two years later. Martin’s previous collaboration with Ford proved immensely helpful when the carmaker decided to switch to aluminum for its following generation of pickups.
By Gabriela Florea