Westlake-based Nordson Corp. (Nasdaq: NDSN), a maker of dispensing products for buyer and industrial adhesives, sealants and coatings, introduced it will reorganize into a few money reporting segments efficient Aug. 1.
The segments are as follows, in accordance to a information release: Industrial Precision Alternatives (IPS), led by Jeffrey A. Pembroke Medical and Fluid Options (MFS), led by Stephen Lovass and Sophisticated Technological know-how Remedies (ATS), led by Srinivas Subramanian. All a few section leaders carry the title of government vice president.
Nordson’s president and CEO, Sundaram Nagarajan, said in a assertion that the realignment “presents us better visibility into our clinical and electronics platforms, which have grown significantly by means of each natural and acquisitive alternatives. This new composition displays the Nordson of right now and boosts the firm’s potential to provide the Ascend technique goal of top rated-tier expansion with foremost margins and returns.” (The Ascend tactic, launched in 2020, is created up of what Nagarajan calls a few “interconnected” areas: a advancement method, a talent method and an organizational composition.)
Here’s a look at the structure of the a few segments.