ACCORDING to Jean-Dominique Senard, CEO of Michelin, the company has laid the foundations for a New Phase of Dynamic Growth, led by its powerful innovation capabilities, improving competitiveness and robust gains in the most promising segments. He also emphasised, during the 2013 Autumn Conference organised by Kepler Cheuvreux, the group’s sustained progress over the 2011-2015 period, as well as its clearly strengthened balance sheet.
Senard also highlighted the six major Michelin Performance and Responsibility objectives for 2020 during the conference:
- Improve the performance of Michelin’s products by at least 10% compared with 2010, while using fewer raw materials in its production.
- Enhance the responsible purchasing, production and supply chain processes, in particular to improve the energy efficiency of the firm’s plants and reduce our carbon footprint.
- Drive sustainable financial performance by delivering EUR1 billion in structural free cash flow per year and at least a 15% return on capital employed.
- Pursue Group-wide programmes to improve employee engagement, well-being and development.
- Live in harmony with its host communities, by deploying employee-driven outreach programmes and helping to create local jobs.
- Promote better quality of life through clean, sustainable mobility, safer roads and recycling solutions to support a circular economy.