CHEMOPETROL, UNIPETROL RAFINÉRIE and UNIPETROL RPA will merge into a single company, UNIPETROL RPA
Praha, 1st of August 07 – The amalgamation of CHEMOPETROL, UNIPETROL RAFINÉRIE and UNIPETROL RPA by way of merger into UNIPETROL RPA is the logical continuation of the implementation of a new management model, which the UNIPETROL group has been gradually deploying since the beginning of the year. The main advantages of the merger include simplified flows of intermediate products within a single company and better use of existing synergies. Another positive effect is in more efficient internal sourcing and the sale of its own products within the Group. Last but not least, the change will allow for better control over the entire production and sales chain, from feedstock purchase to customer care. “The merger will result in a single compact unit with a simplified organisational, personnel, administrative and logical structure of activities,” says Petr Sosík, one of UNIPETROL RPA’s executives, and adds: “This change will reduce administrative expenses and increase the prosperity of the entire Unipetrol group.”
The successor, UNIPETROL RPA (the abbreviation RPA stands for “Refineries, Petrochemicals, Agrochemicals) is a limited liability company and UNIPETROL, a.s. is its sole member. The LLC legal form makes for more effective day-to-day management of the company, quicker decision-making processes (the company has no Supervisory Board), and direct supervision over the company’s business and commercial activities on the part of its sole member. UNIPETROL RPA has three executives, Miroslav Krejčí (Member of the UNIPETROL Board of Directors and executive director of CHEMOPETROL), Ivan Ottis (Member of the UNIPETROL Board of Directors, Chairman of the Board of Directors and Chief Executive Officer of PARAMO), and Petr Sosík (Chief Merger Officer of UNIPETROL). Each of the three executives is a statutory body of the company and is entitled to individually act and sign on the company's behalf. The memorandum of association requires that a decision on the business management of the company be adopted by agreement of at least 2 executives.
UNIPETROL RPA’s organisational structure includes the production unit -Chemopetrol, and the sales channel optimisation unit as well as three specialised business units (BU). Stanislav Bruna directs BU I – Refinery, Lubomír Lukáč directs BU II – Monomers and Agroproducts, and Dariusz Wozniak directs BU III – Polyolefins. Karel Surma is a head of the supply chain management while also being one of the executives of UNIPETROL SERVICES, s.r.o. – the shared services centre of the UNIPETROL group, which is now operational.
The sole member, UNIPETROL exercises the powers of the General Meeting, which has the right to decide on any matter including issues within the executives competence (except for giving instructions on the company’s business management).
There will be no principal change for the employees of CHEMOPETROL and UNIPETROL RAFINÉRIE companies which will be wound up as a result of the merger. The terms of their labour contracts will remain the same, as will employee benefits (e.g. catering, healthcare etc.). All collective agreements also will remain in force.
There will be no changes in relation to the CHEMOPETROL and UNIPETROL RAFINÉRIE companies’ business partners, either. All that will change is the company’s identification data but all contractual buyer and seller relationships will automatically be assigned to the new UNIPETROL RPA and will remain valid.
The chief objectives of the new management model, which also includes the present merger, include an increase of efficiency, competitiveness and transparency of all processes within UNIPETROL. The new management model is based on three key principles: separation of the production, sales and ancillary activities into separate business units, creation of a specialised shared services centre (Unipetrol SERVICES, s.r.o.), and simplification of the legal form of companies 100% owned by UNIPETROL. “The new structure will allow us to achieve business perfection, operating efficiency and, last but not least, savings. I am pleased to see that the transformation is happening according to plan,” François Vleugels, Chairman of the Board of Directors and Chief Executive Officer of UNIPETROL says on the transformation.
