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BUSINESS REORGANIZATION – Inco divides the world

TORONTO - As part of its global growth program, INCO LIMITED (www.Inco.com) is reorganizing its operations into two...


TORONTO – As part of its global growth program, INCO LIMITED (www.Inco.com) is reorganizing its operations into two units, one covering the Asia/Pacific region and a second for North America/Europe. Inco is establishing a new office in Australia for its Asia/Pacific unit.

“This new organization supports our aggressive growth and our drive to be the world’s leading nickel company,” says chairman and CEO Scott Hand. “In particular, it recognizes the growing importance of our Asia Pacific operations as we build the Goro project in New Caledonia, and expand our PT Inco operations in Indonesia.” Inco currently sells some 60% of its nickel to Asia.

Logan Kruger, formerly executive VP technical services, has been named president Asia/Pacific. In his new role he will continue his responsibility for Goro Nickel, and will also be responsible for PT Inco, as well as future exploration and mining opportunities in Australia, the Philippines and elsewhere in the region.

Mark Cutifiani, formerly president of Ontario Operations, takes on the role of president North America/Europe with responsibility for Inco’s Ontario and Manitoba operations, as well as responsibility for Inco’s UK operations, beginning in 2006.

Ron Aelick, formerly president of Canadian and UK operations, takes on the role of executive VP technical services, with accountability for exploration; capital projects and engineering; technology; environment and health; and information technology.

All of the above will report to Inco’s president and COO Peter C. Jones in the Toronto office.


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